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$205,000   Price Analysis
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79 W Richards St
Fallon, NV 89406
7 bed 1 bath 3,425 SqFt ($59/SqFt)
0.33 acre lot. Built 1923
Listed 2022-07-05, Taxes $1,377		✓ USDA Eligible
near Fallon, NV
 Restrictions may apply
due to home size

INVESTOR SPECIAL with generous seller finance terms available.

Two buildings featuring 7-units (one 5-unit and one duplex) in a premium location off Main Street in downtown Fallon. With a growing Naval Air Station and steady rental demand in the area, this property has potential to become a CASH COW. This property has so much pote ntial and needs someone to take it to the finish line. This property could also utilized as a land play with a exceptional central location to build new and utilize the C-1 Zoning.

Many big ticket projects have been nearly completed including a new sewer line, new electrical master panel with rmex wiring in the main building (option to individually meter available), Newer 200 gallon hot water heater system, new Pex water lines and plumbing and a sealed roof with scuppers on the main building. Building plans for the 5-unit building found in photos will transfer with the property along with any and all building material on-site. Third structure may be used for a laundry facility or additional storage. Advantageous C-1 zoning will allow for a myriad of additional uses.


Presented by Cameron Meals at
Blue Sierra Realty.


Property MLS #220009972 from NNRMLS

Bedrooms: 7

Total Bathrooms: 1
Full Bathrooms: 1

Alley Access
Fire Escape
Window Features: Double Pane, Single Pane

Refrigerator
Oven/Range
Laundry Facilities: Separate

Water Heaters: Natural Gas
Air Unit
Natural Gas
Wall Heater

Lot Size Acres: 0.33
Lot Size Square Feet: 14375

Parking Total: 7

Number of Buildings: 2
Number of Units: 7
Number of 1 Bedroom Units: 7
Total Bathrooms in the 1 Bedroom Units: 1
Total Actual Rent of 1-Bedroom Units: 825
Total Actual Rent of 2-Bedroom Units: 825

Gross Scheduled Income: 69300

Separated Meters-Gas
Separate Meters-Electric
Primary Meter-Water
Central Water Heaters
Separate Heating/Cooling
Landlord Pays Utilities
Source Listing Status: ACTIVE
County: Churchill
Directions: Main St.
Source Property Type: Multi-Family
Area: Fallon City-SW
Source Neighborhood: Fallon City-SW
Parcel Number: 00152801
Zoning: C-1
Property Subtype: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$29,962 + $14,910
$44,872		$1,377
2021$28,754 + $14,910
$43,664		$1,273
2020$27,837 + $14,910
$42,747		$1,225
2019$26,778 + $14,910
$41,688		$1,182
2018$24,908 + $14,910
$39,818		$1,148
2017$24,956 + $14,910
$39,866		$1,114
2016$24,578 + $14,910
$39,488		$1,086
2015$17,000 + $14,910
$31,910		$1,064
2014$14,590 + $14,910
$29,500		$1,039
2013$12,444 + $14,910
$27,354		$994
2012$12,296 + $14,910
$27,206		$994
2011$21,139 + $14,910
$36,049		$1,301
2010$16,092 + $18,522
$34,614		$1,263
2008$19,341 + $20,580
$39,921		$1,289
2007$18,420 + $20,580
$39,000		$1,201
2006$17,652 + $14,910
$32,562		$1,092

Price Changed 2023-07-17
$205,000
NNRMLS
Relisted 2023-04-13
$240,000
NNRMLS
Listing removed 2023-03-08
$0
NNRMLS
Relisted 2023-01-05
$245,000
NNRMLS
Listing removed 2022-12-29
$0
NNRMLS
Price Changed 2022-09-30
$245,000
NNRMLS
Listed 2022-07-05
$285,000
NNRMLS
Sold 2022-02-15
$170,000
NNRMLS
Listed 2021-12-14
$265,000
NNRMLS
Sold 2021-07-28
$145,000
NNRMLS
Price Changed 2021-06-27
$179,900
NNRMLS
Price Changed 2021-05-23
$210,000
NNRMLS
Relisted 2021-04-07
$255,000
NNRMLS
Listing removed 2021-03-28
$0
NNRMLS
Listed 2021-03-02
$255,000
NNRMLS
Sold 2007-03-19
$210,000
Public Record
Sold 2007-03-08
$210,000
Public Record
Sold 2004-01-30
$137,000
NNRMLS
Listed 2003-03-28
$139,900
NNRMLS

Access: Public

Total Square Feet Living: 3425
Year Built: 1923
Building Exterior Type: Stucco
Construction Materials: Masonry
Foundation Details: Concrete/Crawl Space, Wood
Property Age: 101
Roof: Flat
Levels or Stories: 2
Structure Type: Apartment Building (up to 8 Unit

City/County Water
Community Sewer
City Sewer
Electricity
Natural Gas
Water Meter Installed

Green Energy Efficient: Double Pane Windows

Churchill County Jr. High School is a public middle school located approximately 0.2 miles away.
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Churchill County High School is a public middle and high school located approximately 0.7 miles away.
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Lahontan Elementary School is a public elementary school located approximately 0.9 miles away.
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Fallon Seventh-Day Adventist School is a private elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.