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1317 Faland
1317 Faland
1317 Faland
1317 Faland
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Sold

1317 Faland

1317 Faland, Reno, NV 89503

$550,000
Charming, prime property within walking distance to UNR, parks, food and more. It's the perfect space to call home while enjoying the nostalgic charm. The main upstairs level welcomes you with a spacious living room, cozy kitchen with a breakfast nook, one bedroom, and full bathroom. Head downstairs, (also available through a completely separate entrance) and you'll discover an additional bathroom, two "flex" rooms and a kitchenette. With the recent upgrades including all new flooring, new kitchenette downstairs, and refreshed landscaping. The backyard is actually one of the best amenities of these home, with a large storage shed, mature trees and lots of lush grass. This home boasts a unique layout designed to accommodate various living arrangements. You could consider it as a single family home, multi-generational living or optimizing it as two distinct rental units. Having its own entrance, this lower level provides privacy and independence for occupants while offering lucrative rental opportunities. Thanks to its proximity to UNR, those seeking a smart investment will be sure to consider this property as it shines as an ideal candidate for college or graduate student rentals, as the mortgage could be offset by using a portion of the home as a rental, and tax friendly Nevada has an annual property tax rate for this at only $847.45 a YEAR! The large lot size, well situated current structure, and favorable zoning of MF14 offer long term opportunities as well.This home represents a compelling opportunity to generate passive income while enjoying the comforts of home. Oil tank pressure test passed and report available. Property is back on market at no fault of the seller.

2
beds

2
baths

1,498 Sq.Ft. LIVING AREA

5,662.8 Sq.Ft. lot

Laura Kirsch

Laura Kirsch

Features & Amenities

Interior

  • total bedrooms2
  • Total bathrooms2
  • full bathrooms2
  • Laundry room Yes, Shelves
  • Flooring Carpet, Vinyl Tile
  • APPLIANCES Washer, Dryer, Electric Range - Oven, Refrigerator in Kitchen, Refrigerator in Other rm
  • other interior Features Smoke Detector(s)

Area & Lot

  • Status Sold
  • Living Area1,498 Sq.Ft.
  • Lot Area5,662.8 Sq.Ft.
  • MLS® ID240006487
  • TypeResidential
  • YEAR BUILT1954
  • NeighborhoodReno
  • View DescriptionYes, Mountain, Trees
  • Elementary SchoolElmcrest
  • Middle SchoolClayton
  • High SchoolReno

Exterior

  • roofPitched, Composition - Shingle
  • HEAT TYPEOil
  • AIR CONDITIONINGOil
  • SubstructureConcrete Slab
  • HOA AmenitiesNo Amenities
  • security FeaturesFront, Full
  • other exterior FeaturesWood Siding, None - N/A

Financial

  • Sales Price$550,000
  • Real Estate Tax $848/yr
  • Zoning MF14

Reno

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