462 Laurel ST, Reno, NV 89512
462 Laurel ST, Reno, NV 89512
462 Laurel ST, Reno, NV 89512
16
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$1,050,000
Est. payment /mo
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7 Beds
4 Baths
3,340 SqFt
Active

462 Laurel ST Reno, NV 89512

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Kyle Krch

Kyle Krch

+1(775) 276-5858

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,340 sqft

Price per Sqft $314

Subdivision Edmonds

MLS Listing ID 250000365

Bedrooms 7

Year Built 1918

Annual Tax Amount $3,305

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 0.16

Property Sub-Type Triplex

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

Cooling Central Air

Flooring Laminate

Fireplace No

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 007-193-04

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Dickson Realty - Caughlin

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Kyle Krch

Kyle Krch

Broker Associate License ID: 56206

+1(775) 276-5858

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462 Laurel ST