Discover an exceptional investment opportunity in Reno's growing downtown district with high rent potential at 519 Elko Ave. This fully renovated, 5-unit apartment property combines modern amenities with a prime urban location, making it a standout choice for both investors and tenants. The property consists of two duplexes with spacious 2-bedroom, 1-bathroom units, plus a standalone 1-bedroom, 1-bathroom unit, each thoughtfully updated in 2021.Residents will appreciate the fully landscaped grounds that offer a serene, low-maintenance outdoor setting. The property’s convenient location offers easy access to I-80, while the central downtown area offers vibrant dining, shopping, and entertainment options just minutes away. Situated just a 12-minute walk from the University of Nevada, Reno, this property is ideally positioned near the university’s expansion toward downtown, making it particularly attractive to students, faculty, and staff. With a short commute to campus and Reno’s bustling downtown amenities, tenants enjoy both proximity to educational institutions and access to the city’s cultural heart. 519 Elko Ave offers a rare combination of a fully modernized interior, appealing outdoor spaces, and a location that aligns with Reno’s dynamic growth, presenting a unique investment prospect for those looking to capitalize on Reno’s urban development. Current rents are approximately $100 to $200 under market rates. Expenses in Financial Summary are estimated. Drive by only. Please do not disturb tenants. Contact agent for full Offering Memorandum.