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2285 Patton Dr

Reno, NV 89512
  • $699,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 250002432
UPDATED: 78 min ago
$699,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,432
    SQFT
  • $204
    $/SQFT
Type:
Multi-Family
Built:
1963
County:

School Information

Elementary School:
Middle School:
High School:
Hug

Description

Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market. The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don’t miss out on this income-producing property!

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Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-26T15:19:55.767.
www.vaulethomes.com/homes/160971162
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2285 Patton Dr Reno, NV 89512

  • Price: $699,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 78 min ago
  • MLS #: 250002432
0
Beds
0
Baths
0
½ Baths
0.17
Acres
3,432
SQFT
$204
$/SQFT
1963
Built
County:
Washoe
Elementary School:
Cannan
Middle School:
Traner
High School:
Hug
Property Description
Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market. The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don’t miss out on this income-producing property!
Exterior Features

Construction Masonry Exterior Brick Fenced Varies Per Unit Foundation Concrete Slab Landscaped None Parking Capacity 6 Parking Types Common Roof Flat Sprinklers None

Interior Features

1 Bedroom Baths 0 1 Bedroom Sq Ft 0 2 Bedroom Baths 4 2 Bedroom Sq Ft 858 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorOven/Range Flooring Laminate Heating Cooling Natural Gas Laundry SeparateHook-Up Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 0 Studio Sq Ft 0 Unit Features None Water Heater Electric Windows Combo/Varies

Property Features

1 Bedroom Avg Rent Per Unit 0 1 Bedroom Units 0 2 Bedroom Avg Rent Per Unit 1278 2 Bedroom Units 4 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 23870 Annual Income And Expenses Pro Forma Annual Vacancy 0 Apod Available No Ccr Restrictions No Common Features None Documents On File Rental/Leases Facility Features Separated Meters-GasSeparate Meters-ElectricPrimary Meter-Water Gross Scheduled Income 76800 HUD No Multifamily Type DuplexTriplex4-Plex Net Operating Income 52930 Owners May Sell Exchange 1031ConventionalCash Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City/County WaterElectricityNatural GasTelephoneWater Meter Installed Zoning Actual MF30

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Dickson Realty - Caughlin: .

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-26T15:19:55.767.
 
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Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502