$465,000
$475,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
1,744 SqFt
SOLD DATE : 03/31/2023
Key Details
Sold Price $465,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,744 sqft
Price per Sqft $266
MLS Listing ID 230001390
Sold Date 03/31/23
Year Built 1959
Annual Tax Amount $832
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 0.18
Property Description
This vacant duplex is ideal for investors who are looking for a new project, as it has the potential to produce a 5.5% cap rate after renovations. The owner preferred to keep it vacant for the listing to provide greater flexibility for a buyer. You can start renovations right away. With a renovation, the potential for rental income could increase to over $350 in monthly income after mortgage and all operating expenses, with 6.5% interest financing and a 30% down payment., A complete multifamily investment property analysis is available upon request.
Location
State NV
County Washoe
Zoning MF-30
Direction Keystone
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Vinyl
Laundry Washer Hookup
Exterior
Parking Features Garage
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Porch Patio, Deck
Garage No
Building
Lot Description Landscaped, Other
Story 1
Foundation Crawl Space
Structure Type Brick,Frame
Schools
Elementary Schools Elmcrest
Middle Schools Clayton
High Schools Reno
Others
Tax ID 00616102
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Broker | Lic# NV# BS.25835