495 Vassar Reno, NV 89502
Listing Courtesy of: NORTHERN NEVADA / Better Homes And Gardens Real Estate Drakulich Realty / Marika Moore / Better Homes and Gardens Real Estate Drakulich Realty / Lee Stevens

  495 Vassar Reno, NV 89502

Active (39 Days)
$495,000
2
BED
4
BATH

Description

Price Drop Alert! Great Investment Opportunity Introducing a prime investment opportunity with a recent price drop, making it an even more attractive prospect! This duplex offers incredible potential for savvy investors looking to secure a property that promises substantial returns for years to come. Do not disturb tenants. Showings must be requested and approved with 24 hours advance notice to listing agent, Marika Moore. This property boasts two individual units, each featuring 1 bedroom, 1 bathroom, and a convenient laundry room. Its prime location and versatile layout present numerous possibilities for both homeowners and investors. Located close to downtown Reno, the University, & local amenities, this duplex is ideal for both long-term rental income & future appreciation. Don't miss out on this chance to invest in a property with great potential. Currently, long-term tenants were paying $850 per month, but the rental rate is long overdue for an adjustment. With minimal updates, the monthly rent should be at least $1,200 "as is." Fully renovated units in the area command rents ranging from $1,500 to $1,800 per month, significantly enhancing the cap rate to over 6%. Don't miss out on this chance to maximize your investment returns in a desirable location.

MLS #:
240007282
Lot Size
6,752 SQFT
Type
Multifamily
Year Built
1949
County
Washoe County

Listed By

Marika Moore, Better Homes And Gardens Real Estate Drakulich Realty
Lee Stevens, Better Homes and Gardens Real Estate Drakulich Realty
Source
NORTHERN NEVADA
Last checked Jul 21 2024 at 10:10 PM GMT+0000
Bathroom Details
Interior Features
  • Refrigerator
  • Oven/Range
  • Disposal
  • Dishwasher
  • Washer
  • Dryer
  • Windows: Single Pane
Lot Information
  • Partially Landscaped
Property Features
  • Foundation: Basement/Unfinished
  • Foundation: Concrete/Crawl Space
Heating and Cooling
  • Oil
  • Wall Heater
Flooring
  • Laminate
  • Wood
Exterior Features
  • Masonry Veneer
  • Roof: Composition/Shingle
  • Roof: Pitched
Utility Information
  • Utilities: City/County Water, City Sewer, Electricity, Water Meter Installed
  • Energy: None
School Information
  • Elementary School: Veterans
  • Middle School: Vaughn
  • High School: Wooster
Stories
  • 1 Story
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 15, 2024
Price Changed
$495,000
-3%
-16,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Northern Nevada Regional MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/21/24 15:10