462 Laurel St, Reno, NV 89512
- $1,050,000
- 7
- BD
- 4
- BA
- 3,340
- SqFt
- List Price
- $1,050,000
- Status
- ACTIVE
- MLS#
- 250000365
- Subdivision
- University of Nevada, University Heights
- Subdivision
- Edmonds
- Days on Market
- 566
- Year Built
- 1918
- Bedrooms
- 7
- Bathrooms
- 4
- Acres
- 0.16
- Living Area
- 3,340
- Lot Size
- 6,969
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.
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Additional Information
- Taxes
- $3,305
- Utilities
- Cellular Coverage, Water Meter Installed, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Roof
- Flat
- Foundation
- Slab
- Garage Description
- Alley Access, Assigned
- Elementary School
- Lemelson Stem Academy
- Middle School
- Traner
- High School
- Hug
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Courtesy of Victoria Palladino and Dickson Realty - Caughlin. Contact:
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Data last updated on 06/28/2017.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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