4300 Reno Highway

Description

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6% CAP rate, this property provides solid in-place cash flow and minimal deferred maintenanceideal for investors seeking a low-maintenance, income-producing asset. Each of the three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing overall tenant satisfaction and leasing demand. All units have been extensively modernized since 2022, including luxury vinyl plank flooring, updated carpet, and refreshed fixtures throughout. Property systems include natural gas wall heaters, evaporative coolers, electric ranges, and gas water heatersall contributing to efficient, cost-effective operations. The property is serviced by a shared private well with a new booster pump and a private septic system, reducing ongoing utility expenses. Additional surface parking provides flexibility for tenants and guests. Conveniently located just minutes from downtown Fallon and within commuting distance of the Reno-Tahoe Industrial Center, the property benefits from regional economic growth, strong rental demand, and a functional, tenant-friendly design. Each of the three townhome-style units features a 2-bedroom, 1-bathroom layout with a spacious living room, full kitchen, large bedrooms, and a bathroom with a shower-over-tub. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing rental appeal and tenant satisfaction. Since 2022, all three units have been extensively modernized, including updated luxury vinyl plank flooring, carpet, and fixtures. Systems include natural gas wall heaters, evaporative coolers for efficient cooling, electric ranges, and gas water heaters. The property is served by a private shared well with a new booster pump and its own septic system, reducing utility expenses and long-term operational costs. Additional surface parking offers flexibility for tenants or guests. Located just minutes from downtown Fallon and in proximity to the Reno-Tahoe Industrial Center, this asset benefits from regional economic growth, strong rental demand, and a tenant-friendly design.