The Opportunity
A tired triplex in a corridor on the rise
Vine is a triplex in the corridor immediately adjacent to downtown Reno's redevelopment zone — a functioning property, but one carrying significant deferred maintenance.
We bought it for $270,000. The location was already working in our favor; the building itself needed a major rehab to catch up to it.
What We Did
A full rehab, then a three-unit short-term rental
Acquired a functioning but deeply deferred triplex for $270K
Carried out a major rehab across all three units — systems, structure, and finishes
Repositioned all three units as a single short-term rental operation
Grew annual rents roughly 6× — from $24K to $152K
Capitalized on downtown Reno's adjacent redevelopment corridor
Took over day-to-day short-term rental management in-house
The Result
A fully-booked 3-unit Airbnb
A rundown triplex in a redevelopment corridor is now a stabilized, cash-flowing short-term rental across all three units.
3
Units run as a short-term rental
$152K
Annual rents ($24K → $152K)
$70.8K
Annual NOI ($135.4K EGI)
$1.12M
Current value
Have a property that's underperforming?
Vine started as a deferred-maintenance triplex in a corridor other investors were sleeping on. If you own real estate that isn't living up to its potential — or you want to invest alongside deals like this — let's talk.