2285 Patton Dr

16
Baths
3,432 Sq. Ft.
$186 / Sq. Ft.
3,432
Sq. Ft.
$186
per Sq. Ft.

Description

Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market., The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents...Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market., The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don’t miss out on this income-producing property!
  1. Listed by Kylie Keenan • Dickson Realty - Caughlin
    P: (775)-846-9726 kkeenan@dicksonrealty.com

Property Details for 2285 Patton Drive

Zoning
MF30
LISTING CLOSED: 05/06/2025 12:00 AM

Property Details for 2285 Patton Drive

StatusClosed
MLS #250002432
Days on Compass68
Taxes$1,714 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.17 AC / 7,405 SF
CountyWashoe County

Location

Listing Courtesy of Dickson Realty - Caughlin, Kylie Keenan, License #S.179311

Sold By Non MLS Office, Non MLS Agent, License #3000

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Building Information for 2285 Patton Drive

Stories2Residences4Year Built1963Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$3,332 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,189

Property Taxes

$143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2285 Patton Drive

Summary
Location and General Information
  • Directions: Sutro/Wedekind/Patton
  • Address:Parcel Number: 00409306
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,714
  • Tax Legal:Elementary School: Cannan
  • Tax Legal:Middle Or Junior School: Traner
  • Tax Legal:High School: Hug
  • Tax Legal:Tax Annual Amount: $1,714
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF30
  • Tax Legal:Directions: Sutro/Wedekind/Patton
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: No
  • Parking Features: Common
  • Parking Total: 6.0
  • Parking Information:Parking Total: 6.0
  • Parking Features:Common: Yes
School Information
  • Elementary School: Cannan
  • High School: Hug
  • Middle Or Junior School: Traner
Property
Lot Information
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Square Feet: 7405.2
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 3432.0
  • Lot:Lot Size Acres: 0.17
  • Lot:Lot Size Square Feet: 7405.2
Property and Assessments
  • Parcel Number: 00409306
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1963
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Meter Installed
  • Electric: True
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Water Meter Installed: Yes
  • Water Heater:Electric: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:Separate Water Heaters YN: No
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: No
  • Meter Information:One Primary Water Meter YN: Yes
Interior and Exterior Features
Exterior Features
  • Stories: 2
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Roof: Flat
  • Building:Number Of Units Total: 4.0
  • Building:Stories: 2.0
  • Construction Materials:Brick: Yes
  • Foundation Details:Slab: Yes
  • Roof:Flat: Yes
  • Sprinklers:None: Yes
Interior Features
  • Flooring: Laminate
  • Heating: Natural Gas
  • Heating YN: Yes
  • Laundry Features: In Unit, Washer Hookup
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Gas Range, Refrigerator
  • Interior:Building Area Total: 3432.0
  • Interior:Building Area Source: Assessor
  • Flooring:Laminate: Yes
  • Heating:Natural Gas: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $23,870
  • Gross Scheduled Income: $76,800
  • Net Operating Income: $52,930
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Gross Scheduled Income: $76,800
  • Income and Expenses:Net Operating Income: $52,930
  • Income and Expenses:Total Annual Expenses: $23,870
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 4

Property History for 2285 Patton Drive

DateEvent & SourcePriceAppreciation
May 6, 2025

Sold

NNRMLS #250002432

$640,000
Apr 30, 2025

Sold (Public Record)

Public Record #1557578821

$640,000

+28.5% / yr

Mar 25, 2025

Pending

NNRMLS #250002432

DateEvent & SourcePrice
05/06/2025

Sold

NNRMLS #250002432

$640,000
04/30/2025

Sold (Public Record)

Public Record #1557578821

$640,000

+28.5% / yr

03/25/2025

Pending

NNRMLS #250002432

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2285 Patton Drive

Taxable ValueLand$54,740Additions$34,412Total$89,152
Tax Record2025$1,848 ($154 / month)
Home Facts
Baths4Total Finished SqFt3,432 SqFtAbove Grade Finished SqFt3,432 SqFtStories2Lot Size7,318 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963ZoningMF30CountyWASHOEAPN004-093-06

Schools near 2285 Patton Drive

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Rita Cannan Elementary School
PublicPK to 5

Fred W Traner Middle School
Public6 to 8

Procter R Hug High School
Public9 to 12

Coral Academy Charter School Elementary
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dickson Realty - Caughlin, Kylie Keenan, License #S.179311

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.