270 Union Mills Rd Sun Valley, NV 89433
This Sun Valley, Nevada investment opportunity presents a 0.45-acre corner lot at 270 Union Mills Rd, zip code 89433, offering significant income potential. The property features a 1,856 square foot, four-bedroom, two-bathroom manufactured home built in 1977, currently ready for lease. Recent updates include a new roof, updated flooring, a new furnace, and fresh paint. The home boasts an oversized two-car garage, a carport, two separate driveways, and two yards with mature trees and landscaping. Washoe County zoning allows for a second dwelling unit up to 928 square feet, providing the opportunity to expand the property's rental income. This redevelopment project allows for the construction of an additional unit, which could be stick-built, manufactured, or even a prefab/tiny home. The asking price for this multifamily property is $379,000. This single-story building sits on a large lot, presenting a unique chance to generate rental income while developing the additional unit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.