Lori Newman

1196 Virbel Lane, Reno, NV 89502

$575,000
  • 1196 Virbel Lane, Reno, NV 89502 Main Photo

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Active
BEDS4 BATHS2 SQUARE FEET1,800 MLS#260011879
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

An exceptional turnkey duplex offering spacious residences, desirable amenities, and a fresh renovation! This well maintained property features two large 2 bedroom, 1 bathroom units, each complete with its own washer and dryer and private backyard. With a long history of strong rental demand, consistent occupancy, and reliable cash flow, this is an exciting opportunity for investors and owner occupants alike. Unit 1196 has been newly renovated and showcases sleek luxury vinyl plank flooring, fresh interior paint, new carpet, upgraded light fixtures, and a beautifully remodeled bathroom. The bathroom features a striking tile shower, tile flooring, new toilet, and a stylish new vanity, creating a fresh and contemporary feel throughout the residence. Both units offer generously sized floor plans and the added convenience of private in unit laundry. Each residence also enjoys its own spacious and private backyard, providing an amenity that is increasingly difficult to find in a duplex setting. The property also features a new water heater. With a proven history of stability, very strong tenant demand, and very limited vacancy, this property is truly turnkey and positioned for a seamless transition to its next owner. Conveniently located with easy access throughout Reno, this is a compelling opportunity to acquire a quality income-producing property with an established track record.

1196 Virbel Lane | MLS# 260011879

This multi-family property located at 1196 Virbel Lane, Reno, NV 89502 is currently listed for sale with an asking price of $575,000. Search Reno real estate on lorinewman.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Heating: Wall Furnace
Lot Size: 0.18 Acres
Roof Type: Composition
Taxes: $1,129
Year Built: 1963

Units

Studio Units:
Bathroom(s): 1
Rent: $1600.00
Square Footage: 900
1 Bedroom Units:
Bathroom(s): 1
Rent: $1590.00
3 Bedroom Units:

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Dishwasher, Electric Oven, Electric Range, Microwave
Construction Type: Site/Stick-Built
Days on Site: 9
Exterior: Wood Siding
Fencing: Back Yard
Flooring: Carpet, Laminate
Foundation: Crawl Space
Heating Y/N: Yes
Laundry Features: In Unit
Lot Features: Other
OtherStructures: None
Owner Pays: None
Parcel #: 020-313-26
Parking: Common
Patio/Porch: Patio
Pool Features: None
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Tenant Pays: All Utilities
Units: 2
Utilities: Water Meter Installed, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Window Features: Vinyl Frames

Local Schools

High School: Damonte
Middle School: Pine
Elementary School: Smithridge

Listed By / Shown By

Listed By

Agency Name: RE/MAX Professionals-Reno
Agent Name: Miranda Vaulet
Agency Phone: 775-345-3070
Agent Phone: 775-224-3979

agent picture

Shown By

Agent Name: Lori Newman
Agent Phone: (937) 441-3610
Agency Title: Key Realty

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Estimate Your Payment

Estimated Payment

$ 3,478.18 per month $3,216.39 Principal & Interest $94.08 Property Tax $167.71 Homeowner's Insurance

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