New Listing
Description
Lot 2 offers an excellent opportunity to build a new duplex with the potential for both homeownership and rental income in Wells, Nevada. The seller's development concept is to construct a duplex on this lot, giving a future owner the option to live in one unit while renting the other, or to use both units as an investment property.The property is located on a corner with convenient access and is directly across from a preschool. Water is on the property, with power and sewer available at the street, providing valuable utility infrastructure for future construction.For a qualified buyer, rental income from the second unit may be considered by certain lenders when determining loan qualification, subject to the lender's specific requirements, appraisal, rental-income guidelines and other financing conditions. This creates the potential to offset a portion of the cost of owning a new home while building long-term rental income.The seller has completed the survey as part of the planned subdivision, with the engineer's work and final City of Wells approval still pending. This is an opportunity to secure a residential building site with a thoughtful income-producing concept already envisioned.Buyer to verify all zoning, permitted uses, duplex requirements, lot configuration, utility availability, subdivision status, building requirements and City approvals. Proposed development and rental-income potential are subject to all applicable governmental approvals and lender requirements.
Details
| MLS # | 3628461 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 2 |
| Listing Provided By | Allie Bear Real Estate | Dawn Roberta Bear |
Features
| Zoning | R-2 |
|---|---|
| Acreage | 0.17 |
| Property View | Yes |
Exterior
| Exterior Features | Corner Lot |
|---|
Other
| List Aor | Elko County Association Of Realtors |
|---|
Taxes
| Property | 104 |
|---|
Area Information
| State | NV |
|---|---|
| County | Elko |
| City | Wells |
| Zip Code | 89835 |
| Area | Elko |
| Subarea | Other Elko County |
| Community Name | Railroad Addition |
| Listing VS Median (in Railroad Addition) | |
Price: $29,000 low | high Med: $1,000,000 On site: 2 low | high Med: 92 | |
Market Activity 89835
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Learn More About This Property
| State | NV |
|---|---|
| County | Elko |
| City | Wells |
| Zip Code | 89835 |
| Area | Elko |
| Subarea | Other Elko County |
| Community Name | Railroad Addition |
| Listing VS Median (in Railroad Addition) | |
Price: $29,000 low | high Med: $1,000,000 On site: 2 low | high Med: 92 | |
