116 Court, Elko, NV 89801

$575,000
5
BD
3
BA
3,737
SqFt

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List Price
$575,000
Status
ACTIVE
MLS#
3627948
Bedrooms
5
Bathrooms
3
Living Area
3,737
Lot Size (Acres)
0.138
Year Built
1916

Property Description

Welcome to a premier investment opportunity in Elko, NV! This exceptional triplex offers the perfect blend of immediate financial performance and long-term stability. Generating a strong 7% cap rate, this property is fully occupied by seasoned tenants with established leases, offering a seamless transition of ownership and instant cash flow on day one.The real standout feature of this property is its condition. Meticulously maintained and beautifully cared for, the pride of ownership shines through in every corner. The smart unit mix caters to a wide pool of local renters: it features two comfortable 1-bedroom, 1-bathroom units, alongside a highly desirable 2-bedroom, 1-bathroom layout complete with a versatile flex space that easily adapts to a tenant's needs.Whether you are looking to expand your existing portfolio or capitalize on a reliable, passive income generator in a resilient market, this turn-key triplex is ready for you. Opportunities this clean and profitable are few and far between. Reach out today to review the financial financials and book your viewing!

Additional Information

Subdivision
First Addition
Interior Features
Bay Window, Ceiling Fan(s), Walk-In Closet(s)
Flooring
Carpet, Laminate
Exterior Features
Deck, Landscaping
Cooling
Window Unit(s)
Roof
Asphalt
Utilities
Cable Available

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Presidio Real Estate West.