462 Laurel ST Street, Reno, NV 89512 – 250000365

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Richard Berman

rberman@dicksonrealty.com +1(775) 450-1940

$1,050,000

Est. payment - /mo

6,969 Sqft Lot

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UPDATED:

Key Details

Property Type Residential Income

Listing Status Active

Purchase Type For Sale

Subdivision Edmonds

MLS Listing ID 250000365

Year Built 1918

Annual Tax Amount $3,305

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 0.16

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

Direction Valley Road

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

Garage No

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

Tax ID 00719304

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Listed by Dickson Realty - Caughlin

Richard Berman

Agent | S.S.0181980

+1(775) 450-1940

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462 Laurel ST Street Reno, NV 89512

Richard Berman

Key Details

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Exterior

Building

Schools

Others

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462 Laurel ST Street