For Sale
$550,000

243 Claremont StReno, NV 89502

High-yield Reno property with multiple income streams.

Overview

Added:
Feb 3
Days on market:
65
This exceptional Reno investment property at 243 Claremont Street offers a compelling opportunity for savvy investors. The 0.15-acre lot encompasses a 700-square-foot light industrial building currently leased for $1,600 per month, providing a stable and consistent income stream. Adding to its appeal is a separate income-producing residential property located at 248 Burns Street. This two-bedroom, one-bathroom residence, complete with a garage, generates a monthly rental income of $1,500. The combined rental income from both properties offers significant potential for return on investment. The property also includes a car wash, which is currently not part of the sale. This unique offering presents a rare chance to acquire a diversified portfolio of income-generating assets in a desirable Reno location. The light industrial building and the residential rental property provide a balanced and resilient investment strategy, minimizing risk and maximizing potential returns. The property's location in Reno offers access to a thriving local economy and a growing population, further enhancing its long-term investment prospects. This is a turnkey investment ready to generate immediate income. The asking price is $550,000.

Property Details for 243 Claremont St

Property type
Square Feet
700 SF
Year Built
1995
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.51497
Longitude
-119.8038
243 Claremont St, Reno, Nevada

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243 Claremont St
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