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Address Income - For Sale Signs (8)-1
280 Island Ave #906
Reno, NV 89501
$219,900
1br | 1ba
801sf

Property Details

Status Active
MLS # 250051482
HOA $721/ month
Type Apartment/Condo
Year Built 1961
Lot Size 0.018 AC / 801 SF
County Washoe County

About

Experience the best of downtown Reno living at Park Towers! This turnkey 1 bed 1.5 bath offers unbeatable walkability to top restaurants, shopping, and iconic casinos, just one block from vibrant Midtown. Park Towers is one of the ONLY condo buildings in downtown Reno that allows short-term rentals (STRs), making this a rare opportunity for investors, house hackers, or anyone seeking flexible ownership. Soak in panoramic city and mountain views from your living room. HOA dues cover hot/cold water, sewer, trash, and all exterior maintenance—keeping ownership simple and stress-free. The unique offerings of a community business center with complimentary Wi-Fi and a rooftop terrace provide both convenience and a touch of luxury, allowing for work and relaxation against the backdrop of the city skyline. Standard amenities, such as bike storage space, a gym, and a pool, support a lifestyle of health and wellness. Parking garage is attached (spaces available via monthly fee/waitlist through HOA). Don't miss out on this unique, income-friendly opportunity in the heart of Reno!

Website Agent Profile
Listing Agent
Jake Andronico
Home Investment Specialist
 
P. 415.233.1796
L. S0200197

Every home is an investment, here are the numbers on this home.

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Address Income

This is the propertie's net monthly income after collected rents and expenses, known and estimated. 

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Annual Return (Cap Rate)

The Capitilization Rate or "Cap Rate" is the Net Operating Income divided by the Purchase Price. 

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Monthly Payment (PITI)

This is the estimated monthly cost of financing the property, including principal, interest, property taxes, and insurance.

% apr

Interest Rate

This is the annual percentage rate (APR) on the loan, which includes the interest rate plus any lender fees.

Investment Analysis

Download a full Multifamily Investment Property Analysis (MIPA)