FIX AND FLIP IN Reno NV!

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RENO, NV 89508

Property Overview:

• Single Family, Manufactured
• Moved, Not Converted, Seller has title
• 860 sq ft
• 2 beds, 2 baths
• City Water, Septic System
• 1972 build
• Lot size: .5 acres.

Other Info:

• Vacant At Closing.
• Rehab: See 150+ Photos and Videos. Full remodel needed OR rip the current home and place a new manufactured on site.
• This home is not on a permanent foundation, It's on blocks. The condition is very rough. The plays here are to remodel and seller finance to a buyer or rip it and place a new manufactured.
• Buyer to assume personal property left behind by seller. LOTS of property on site including a small travel trailer, small boat, personal property, sheds, etc.
• Escrow Opened at Stewart Title.
• Buyer Pays all closing costs.

Comps:

*There are MANY examples of manufactured homes in this area trading for $430-510k in the last 12 months and none of them were newer than 1998. There is a remodeled 1991 home currently listed for $450k. Our ARV of $425k assumes a brand new manufactured home in a selling in a softer market. Comps included below are most recent sold manufactured (not new), most recent sold bare land, and most recent sold as-is mobile home with personal property.

15484 Pinion Dr, Reno NV 89521 - 2/2/0 - 940 sq ft- 1992 - 1.16 acres - No Garage, Good Condition.

SOLD $399,000 on 11/04/2022

15410 Sylvester Rd, Reno NV 89521 - Bare Land - .5 Acres - no power or sewer.

SOLD $188,000 on 12/11/2021

1570 Ravenswood, Reno NV 89521 - Trashed mobile home with tons of personal property on site - .5 Acres

SOLD $150,000 on 1/28/2022

Asking Price: $135,000

Closing Date: on or before 3/08/23