The story
- Configured as two distinct rentable spaces with established booking history
- Rare opportunity for short-term rental operations in downtown Reno
- Prime location overlooking the Truckee River and Wingfield Park
- Versatile layout suitable for portfolio expansion or 1031 exchange strategies
Unit APT 1002 at 280 Island Avenue is a 1-bedroom, 2-bathroom condo in Reno, NV with 751 sq ft of living space, built in 1961. It carries a monthly HOA fee of $676. Highlights include a waterfront setting and city, mountain and park views.
Park Tower is a downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale and subject to lien holder approval. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.
