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About This Home
This 7-bedroom, 4-bathroom residential multi family at 462 Laurel Street in Reno, NV is listed for $1,050,000 ($314 per sqft). Built in 1918, the home offers 3,340 sqft of living space on a 0.16 acres lot.
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.
Key Features
- Built in 1918
- 0.16 acre lot
- 3 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$5,616/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
462 Laurel Street
Reno, NV 89512
Edmonds
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 462 Laurel Street is listed at $1,050,000 ($314/sqft). The estimated monthly payment is $4,550 based on 20% down at 6.5% interest.
Key features include: Built in 1918, 0.16 acre lot, 3 parking spaces.
This property is listed by Victoria Palladino and can be reached at 7752505561 or vpalladino@dicksonrealty.com.