1317 Faland Way Reno, NV 89503

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Property is back on market at no fault to seller. Charming, prime property within walking distance to UNR, parks, food and more. This property offers possibilities abound for owner-occupiers and savvy investors alike! This residence boasts a unique layout designed to accommodate various living arrangements while maximizing income potential. The main upstairs level welcomes you with a spacious living room, cozy kitchen with a breakfast nook, one bedroom, and full bathroom. It's the perfect space to call home while enjoying the nostalgic charm. Venture to the lower level, through a completely separate entrance, and you'll discover an additional kitchen, bathroom, and two “flex” rooms. Whether you're considering it as a separate mother-in-law unit for multi-generational living or optimizing it as two distinct rental units, the options are endless. Having its own entrance and amenities, 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. Since the current ownership in 2019, the property has not been vacant at all. With the recent upgrades including all new flooring, and a new kitchen downstairs, the rent-ability has increased even more. 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.