Harold Drive Triplex

Don Kanare - Realtor / E-Pro - Your Incline Village Real Estate Agent - www.InsideIncline.com
Lakeshore Realty - 954 Lakeshore Blvd. - Incline Village, NV 89451 - 775-831-7000 / 775-831-6777 (fax)

Incline Village Real Estate - MLS Listings - Additional Information - Harold Dr. Triplex

909 Harold Drive - 3 Unit Investment Residential Property
Great low elevation location within walking distance to shopping, schools, golf course and restaurants. Free shuttle bus to Diamond Peak Ski Area.

Unit 1 - 3 bedrooms, 1.5 baths Unit 2 - 3 bedrooms, 1.5 baths Unit 3 - 2 bedrooms, 1 bath

All units are 2 story townhouse style and have forced air gas heat, separate garages, separate gas and electric meters. The building has a laundry room with coin operated washer and dryer, all revenue goes to the owner of the property. There is a 175 gallon common hot water heater for the entire building. All units have been consistently maintained, Unit 2 has a newer kitchen. Extra parking in the driveway and adjacent street areas.

Woodsy setting, nice decks and lawn. There is a common area along one side of the building that is available for all occupants to use.

Excellent long term rental history for units 1 and 2, solid vacation rental history for unit 3. Annual gross rents of approximately $32,000 and that is with the owner keeping Unit 3 as vacation rental and for personal use whenever desired.

Potential to expand one of the units into a 4 bedroom. This property could be made into a co-op. If the new owner purchased the property all cash and turned the building into a co-op, they could likely keep Unit 3 for themselves and sell Units 1 and 2 and recover 80% to 90% of the purchase price. By collecting a monthly maintenance / association fee, the new owner would have virtually no overhead or ongoing expenses.