462 Laurel ST Street Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89512
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,340 sqft
Price per Sqft $314
Subdivision Edmonds
MLS Listing ID 250000365
Year Built 1918
Annual Tax Amount $3,305
Lot Size 6,969 Sqft
Property Description
Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.
Location
State NV
County Washoe
Community Edmonds
Area Edmonds
Zoning Mu
Interior
Heating Forced Air,Natural Gas
Flooring Laminate
Laundry In Kitchen,In Unit
Exterior
Parking Features Alley Access,Assigned
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available,Cellular Coverage,Water Meter Installed
View Y/N No
Roof Type Flat
Building
Lot Description Landscaped
Story 1
Foundation Slab
Water Public
Structure Type Frame,Stucco
Schools
Elementary Schools Lemelson Stem Academy
Middle Schools Traner
High Schools Hug
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional