Courtesy: Allie Bear Real Estate
775-738-8535
Unique Investment & Development Opportunity in Wells, Nevada Take advantage of a unique opportunity to create two income-producing properties on one parcel in Wells, Nevada. This price is for Lot 1. New Parcel number TBD. The seller has had the property surveyed and is working toward splitting the parcel into two separate lots, with the engineer's work and final City approval still pending. The seller's proposed plan is to build a duplex on each lot, potentially creating four residential units in total. This could provide an owner-occupant the opportunity to live in one unit while generating rental income from the additional unit(s), or offer an investor the potential for multiple income-producing units. With today's financing options, qualified buyers may be able to use a portion of anticipated rental income when qualifying for certain owner-occupied investment loans, subject to lender guidelines, appraisal, lease/rental documentation and other requirements. The property is ideally situated on a corner lot directly across from a preschool. Water is already on the property, with power and sewer available at the street, offering valuable infrastructure for future development. Whether you're looking to build your own home with additional rental income, create a multi-unit investment property, or capitalize on the growing need for housing in Wells, this property offers flexibility and significant potential. The proposed two-lot subdivision and duplex development are subject to engineering, City of Wells approval, zoning, building requirements, utility requirements and all applicable governmental approvals. Buyer to independently verify development potential, permitted uses, utilities, financing options and rental-income qualification with the appropriate authorities and lender.
Courtesy: Allie Bear Real Estate
775-738-8535
Build-to-Income Opportunity in Wells, Nevada 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.
Courtesy: Armani Land Company
775-625-7183
Located in the expansive Independence Valley, this square-mile property is surrounded by the Wood Hills, Pequop Mountains, and Spruce Mountain Ridge, offering breathtaking views and seclusion. Situated approximately three miles from the Ventosa railroad crossing, the property is accessible via multiple jeep trails, making it an excellent opportunity for recreation, or investment
Wells is located in Nevada. Wells, Nevada has a population of 1,105. Wells is less family-centric than the surrounding county with 27.66% of the households containing married families with children. The county average for households married with children is 39.21%.
The median household income in Wells, Nevada is $38,073. The median household income for the surrounding county is $82,462 compared to the national median of $69,021. The median age of people living in Wells is 45.2 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 15.1 degrees. The average rainfall is approximately 11 inches per year, with 27.9 inches of snow per year.
