UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,236 sqft
Price per Sqft $173
Subdivision Burke'S Addition
MLS Listing ID 250051860
Year Built 1959
Annual Tax Amount $733
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.12
Property Sub-Type Duplex
Property Description
Unlock the potential of 1145 Kirman Ave, a promising multi-family property in Reno that presents a great investment opportunity at an attractive price of $389,000! This property features two units, each offering 1,118 square feet of space , with 3 bedrooms and 1 bathroom, perfect for generating rental income.
Investment Highlights:
• Dual Income Potential: With projected rental incomes of $2,250 for the upper unit and$2,000 for the lower unit, you can realize strong returns as you complete the necessary renovations.
• Value-Add Opportunity: The price reflects the needs for interior finishes that will allow you to add your personal touch. The lower unit requires a complete build-out from the studs forward, while the upper unit needs some new interior doors, flooring repairs, and miscellaneous improvements.
• Spacious Layout: Each unit features a practical floor plan with ample living space, providing comfort and convenience for tenants.
Prime Location:
Strategically located, this property offers easy access to local amenities, schools, and parks, ensuring a desirable living environment for future tenants. The vibrant Reno community, coupled with outdoor recreational opportunities and cultural attractions, makes this an appealing place to call home.
Don't Miss Out: this price is only $173.97 per square foot...
Whether you're an experienced investor looking to expand your portfolio or a savvy homeowner wanting to create a dual living situation, 1145 Kirman Ave is a fantastic opportunity. The potential for significant cash flow, once renovations are completed, makes this property a worthwhile investment.
Schedule a viewing today and imagine the possibilities for returning this multi-family home to its full glory!
Location
State NV
County Washoe
Community Burke'S Addition
Area Burke'S Addition
Zoning MF14
Direction Just past the V.A. First house past Claremont St
Interior
Heating None
Flooring Tile
Fireplaces Number 2
Fireplaces Type Wood Burning
Fireplace Yes
Laundry In Unit
Exterior
Exterior Feature None
Parking Features Alley Access, Attached, Parking Pad, Tandem
Pool None
Utilities Available Electricity Connected, Internet Connected, Natural Gas Not Available, Phone Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed
View Y/N No
Roof Type Composition,Pitched
Porch Patio
Garage Yes
Building
Lot Description Corner Lot, Landscaped, Level
Story 2
Foundation Slab
Water Public
Structure Type Brick,Brick Veneer,ICAT Recessed Lighting,Vertical Siding,Wood Siding
Schools
Elementary Schools Veterans
Middle Schools Vaughn
High Schools Wooster
Others
Tax ID 013-236-33
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition Agent Owned
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Hadley Faught
Broker Associate | License ID: BS.0146658
Broker Associate License ID: BS.0146658