Rare opportunity to purchase two single family homes on one parcel near Midtown. Great for purchasers who want to live in one and rent out the other. Both homes have brand new roofs (2023). Main home has been attractively remodeled with wood floors and new interior and exterior paint. The renovated kitchen features stainless steel appliances, tile backsplash, butcher-block counters, and new Shaker cabinetry with lots of sliding shelves. The backyard is spacious with a large chicken coop and garden boxes.
Remodeled bathroom in main unit with floor-to-ceiling tile shower. Large storage garage with washer and dryer and long driveway with carport. Lutron light switches in the home. 626 Thoma is a cute one-bedroom unit with its own parking space. It also has a new roof, freshly cleaned carpet, and new interior and exterior paint. Electrical panels for both homes are on breakers. Homes have great proximity to Midtown, Renown Medical Center, and the VA Medical Center. Close to restaurants, coffee shops, taverns, and entertainment. Enjoy Nevada's tax advantages and be close to the Sierra Nevada range and Lake Tahoe. Water and sewer are not split and were paid in full by owner. Electric and gas are on split meters. Waste was split, but owner covered cost of waste for both units.
All numbers stated are pro-forma and Buyer is advised to run their own estimates. Expenses assume a maintenance reserve in the amount of 10% of annual rent in addition to other expenses. Pro forma cap rate is 4.8%--but we had to round up because inexplicably the Cap Rate box in the MLS does not allow decimals. Escrow has been pre-opened. Call listing agent before writing an offer.
3D Tour for 624 Thoma Street
3D Tour for 626 Thoma Street
