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462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo
462 Laurel Street, Reno, NV 89512 Photo

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462 Laurel Street
Reno, NV 89512
$1,050,000
| 3340 sqft | 0.16 Acreage

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.

Listed By / Presented By

Listed By

Agency Name: Dickson Realty - Caughlin
Agency Phone: 775-746-7000
Agent Name: Victoria Palladino
Agent Phone: 775-250-5561

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Presented By

Agent Name: Marlene Pierce
Agent Phone: 530.545.8907
Agency Title: Chase International Real Estate

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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Flat
Taxes: $3,305
Year Built: 1918
MLS ID: 250000365

Units

Studio Units:
Bathroom(s): 1
Rent: $900.00
Square Footage: 1044
Total Units: 1
1 Bedroom Units:
Bathroom(s): 1
Rent: $900.00
Square Footage: 1044
Total Units: 1
2 Bedroom Units:
Bathroom(s): 2
Rent: $1400.00
Square Footage: 1252
Total Units: 1
3 Bedroom Units:

Feature Descriptions

Appliances: Dryer, Disposal, Dishwasher, Gas Range, Microwave, Refrigerator, Washer, Oven
Cooling Y/N: Yes
Days on Site: 419
Exterior: Frame, Stucco
Fencing: Full
Flooring: Carpet, Concrete, Laminate
Foundation: Slab
Heating Y/N: Yes
Laundry Features: In Kitchen, In Unit
Lot Features: Landscaped
Owner Pays: Water
Parcel #: 007-193-04
Parking: Alley Access, Assigned
Road Frontage: Public
Road Responsibility: Public Maintained Road
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: Automatic, Drip System
Tenant Pays: All Utilities
Units: 3
Utilities: Cellular Coverage, Water Meter Installed, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water: Public
Window Features: Vinyl Frames, Blinds, Double Pane Windows

Schools

High School: Hug
Middle School: Traner
Elementary School: Lemelson Stem Academy

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Demographics

Estimate My Payments

  • Estimated Payment
    $2,918.51
  • Principal & Interest
    $2,336.84
  • Property Tax
    $275.42
  • Homeowner's Insurance
    $306.25
(Payments are an estimate and may vary by lender)

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