1069 Peace Pipe
Incline Village, NV 89451
Number of Units: 3
Type: Multi-Unit Residential
High yielding duplex with multiple tenants. High income and low expenses. Near the end of a cul du sac. Short driveway provides easy access to the front doors. There is a unit C which is accessed by staircase on the left side of the building. All tenants require 24 hours notice. Large sunny living areas on entrance level. Two real fireplaces. Gas heat and dual pane windows. Each unit has a washer/Dryer. Unit A is 3 bedrooms, 3 baths and rents for $1950 per month. Unit B is 3 bedrooms, 3 baths and rents for $1450 per month. Unit C is a studio with bathroom, washer dryer and rents for $875 per month plus $100 for utilities. Units are being sold furnished. Expenses include Taxes $4841, Rental commissions of $2572.50, Insurance (estimate for new insurance) $2,500, Repairs and Maintenance owner reported as Zero. Net income currently $41,136. Units A lease ends 9/30/2018. Unit B has lease ends May 31, 2018. Unit C lease ends 7/31/2018.
Heating/Cooling: Forced Air Heat, Natural Gas Heat
Possession: Tenant Rights
Topography: Down Slope Lot
Condition: Previously Owned
View Description: Peek Lake
Property SubType: Investment Residential
Square Feet Source: Assessor Obtained
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Agent: Lyn Karol
Coldwell Banker Select Real Estate
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IVBOR data last updated at December 12, 2017 10:08 AM PT