Bought with Jessica Minton • Lostra Realty
$480,000
$485,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,916 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,916 sqft
Price per Sqft $164
Subdivision First Addition
MLS Listing ID 3625112
Sold Date 08/22/24
Style Two Story,Triplex
Bedrooms 5
HOA Y/N No
Year Built 1916
Lot Size 6,011 Sqft
Acres 0.138
Property Description
Discover a lucrative opportunity at 116 Court Street, Elko-a triplex multi-family property designed for investors or owner-occupants seeking passive income. This versatile asset boasts a robust 7.5% cap rate with minimal vacancy, making it a stable investment choice. The front unit has been fully remodeled, ensuring tenant satisfaction and reducing maintenance needs. Whether you choose to live in one unit and rent out the others or leverage all three units for rental income, this property offers flexibility and potential for financial growth. Conveniently located close to amenities and schools, 116 Court Street provides easy access to daily essentials and community resources. Its strategic positioning enhances rental appeal, ensuring a steady flow of income. Whether you're looking to diversify your investment portfolio or capitalize on Elko's growing rental market, this property presents a compelling opportunity. Schedule your showing today and seize the chance to earn reliable returns in one of Elko's most promising real estate prospects.
Location
State NV
County Elko
Community Sidewalks
Area Elko
Rooms
Other Rooms Guest House, Shed(s)
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Home Office, Walk-In Closet(s), Window Treatments
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Flooring Carpet, Laminate, Tile, Wood
Fireplace No
Window Features Blinds,Drapes,Window Coverings
Appliance Dryer, Dishwasher, Gas Oven, Gas Range, Microwave, Oven, Range
Exterior
Exterior Feature Balcony, Deck, Sprinkler/Irrigation, Landscaping, Mature Trees/Landscape, Storage
Community Features Sidewalks
Utilities Available Electricity Available, Sewer Available, Trash Collection
Water Access Desc Public
Roof Type Composition,Shingle
Porch Balcony, Deck, Open
Building
Lot Description Lawn, Landscaped, Sprinklers Automatic
Foundation Basement, Crawlspace
Water Public
Architectural Style Two Story, Triplex
Additional Building Guest House, Shed(s)
Others
Tax ID 001-214-002
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