$730,000

453 Poplar St.

Reno NV, 89512

Description

UNIQUE INVESTMENT OPPORTUNITY!! Existing turn-key triplex with excess buildable land in EXTREMELY CLOSE PROXIMITY TO UNR. Existing triplex "valued" at $400K based on a 6.26% CAP rate at actual income and expenses. Excess buildable land "valued" at $349k based on recent sold land comps. of $70 per sq.ft. in the immediate area (comps. support $60-$80 per sq.ft.). Total lot size is 10,837 sq.ft. with approx. 5000 sq.ft. being buildable. Zero lot line w/ 10 foot set back to build. **Buyer to verify all info

Details

MLS#180018399
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site260

Features

SQ Feet2,280
Units3
Building(s)1

Market Activity 89512

Loading Form
Loading Form
Area Information
StateNV
CountyWashoe
CityReno
Zip Code89512
AreaReno-North
Listing VS Median (in 89512)
Price:
$730,000
low | high
Med:
$344,450
100% of Average
SqFt:
2,280
low | high
Med:
1,412
88.092105263158% of Average
$ / SqFt:
$320
low | high
Med:
$245
73.458930862296% of Average
On Site:
260
low | high
Med:
37.5
100% of Average
Listing Updated: 08/11/2020
Christopher McCain LogoMLS Number: 180018399
Listing Provided By:
Christopher McCain  of  DL Realty
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Aspen Board of Realtors MLS.