1465 E 7th St Reno, NV 89512

A truly unique investment opportunity. The billboard is seen from the freeway and is leased to a company through Fall of 2026. The billboard lease income has yielded $11,500-$12,500 annually over the last several years. Copy of lease and details available with accepted offer. The 19,300 sq ft describes the lot size only. The home located on the property has 416 sq ft up and 110 sq ft in basement area., The siding is a thin veneer product that looks like brick but is not brick. Roof is composition shingle new in 2015. Electrical has been upgraded to circuit breakers and 15 AMP service new in each of the four rooms of the house. Home was built and placed on property by railroad in 1947. Heat and hot water service replaced in 2012. Some windows replaced. Home has been used as residential. Occupied until recently. Estimated rental value for residence is $650 per month. Zoning allows property to be used as commercial, industrial, residential and/or office. Property has a permanent easement. Property zoning is part of E 4th St transit corridor and may be purchased through eminent domain. The home has one bedroom one bath and laundry facilities on main level. Stairs lead to basement with bonus with 100 sq ft of storage. Home has rebel foundation. Some interior walls need replacement. Home and property are sold "AS IS" with no repairs and no warranties. Highway maintenance and billboard maintenance persons need to access property on "as needed" basis. Buyer to verify all information. Rental pro forma and cap rate are estimates only. Home occupied by family and does not have rental history.