$1,159,000
1035 N Sierra St Reno, NV 89503
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$1,159,000
Est. payment /mo
7,840 Sqft Lot
UPDATED:
07/22/2024 06:12 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Nv
MLS Listing ID 240007821
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Prime Multi-Family Infill Lot Near UNR! (MF) zoning districts are eligible for a density BONUS! Therefore this .18-acre flat lot comes with preliminary architectural site plan for 28-unit midrise apartment complex. UNR area has an overlay on this LOT only requiring a 50% parking ratio which shows in the plans. Water & sewer for 13 units already approved, adding significant value. Owner financing available w/interest-only payments at slightly below market rates for a term of approximately three years. 2 CURB CUTS allowing access from Sierra St. And Access from Oak Street. No value given to small existing structure (Tear Down). Current account for sewer and water shows billing for 13 units. Buyer would only have to pay for 15 more.
Location
State NV
County Washoe
Exterior
Utilities Available Electricity, Natural Gas
View City, Mountain, Yes, Valley
Topography Level,Upslope,Gentle
Schools
Elementary Schools Elmcrest
Middle Schools Clayton
High Schools Reno
Others
Tax ID 00715317
Horse Property No
Special Listing Condition None
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Listed by NVG Properties LLC
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