$1,050,000 Active
462 Laurel Street
Reno, NV 89512
STR Status Unknown
7 Beds
·

About This Property

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 Victoria Palladino — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 250000365
Days on Market 511

Property History

Jan 10, 2025
Listed for sale
$1,050,000
Property Overview
Beds 7
Lot Size 0.16 acres
Stories 1
Year Built 1918
Property Type Triplex
Subdivision Edmonds
APN 007-193-04
Parking
Total Parking 3
Parking Features Alley Access, Assigned
Exterior & Lot
Lot Features Landscaped
Construction Frame, Stucco
Roof Flat
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $3,305
Schools
Elementary School Lemelson Stem Academy
Middle School Traner
High School Hug
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($210,000)
Home price
$1,050,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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