$1,050,000

462 Laurel Street, Reno, NV 89512

3,340 sqft

Triplex
Built in 1918
6,970sqft lot
—— car garage
$314/sqft
Listed 11 months ago

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.

Listing Status:: Active
Date Added:: January 10, 2025 at 06:00AM
Listing Office:: Dickson Realty - Caughlin : 775-746-7000
Listing Agent:: Victoria Palladino : 775-250-5561
MLS ID:: 250000365

Appliances: DryerDisposalDishwasherGas RangeMicrowaveRefrigeratorWasherOven
Laundry: In KitchenIn Unit
Flooring: CarpetConcreteLaminate
A/C: Central Air
Heating: Forced AirNatural Gas

Parking: Alley AccessAssignedParking spaces: 3

Roofing: Flat
Windows: Vinyl FramesBlindsDouble Pane Windows
General: FrameStuccoSlab

Road/Access: Public
County: Washoe

Zoning: Mu007-193-04
Fencing: Full

Utilities: Cellular CoverageWater Meter InstalledCable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

This listing courtesy of Victoria Palladino, Dickson Realty - Caughlin

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Coral Academy Elementary School

1701 Valley Rd, Reno, NV, 89512

Grades KG-4

0.44 miles away

Fred W. Traner Middle School

1700 Carville Dr, Reno, NV, 89512

Grades 6-8

0.89 miles away

Procter R. Hug High School

2880 Sutro St, Reno, NV, 89512

Grades 9-12

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.