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485 E 7Th St

Reno, NV 89512
  • $1,050,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 220015066
UPDATED: 18 min ago
$1,050,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,146
    SQFT
  • $489
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1932
County:

School Information

Elementary School:
Middle School:
High School:

Description

Participate in the booming growth of Northern Nevada! This stabilized multi-family building produces stable cash flow, has low operating expenses, and is poised for strong long-term appreciation. This turnkey property features 6 recently remodeled studio units, walking distance to downtown and the University of Nevada, Reno.

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Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Jody Foley | RE/MAX Professionals. Real estate listings held by brokerage firms other than Jody Foley | RE/MAX Professionals are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-07T19:19:45.217.
www.jodyfoley.com/homes/133967464
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485 E 7Th St Reno, NV 89512

  • Price: $1,050,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 18 min ago
  • MLS #: 220015066
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,146
SQFT
$489
$/SQFT
1932
Built
Neighborhood:
Reno-Downtown Core
County:
Washoe
Area:
Reno-Downtown Core
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Property Description
Participate in the booming growth of Northern Nevada! This stabilized multi-family building produces stable cash flow, has low operating expenses, and is poised for strong long-term appreciation. This turnkey property features 6 recently remodeled studio units, walking distance to downtown and the University of Nevada, Reno.
Exterior Features

Construction Masonry Exterior Brick Fenced Partial Foundation Basement/FinishedConcrete/Crawl Space Landscaped Partially Landscaped Parking Capacity 6 Parking Types Designated Parking Roof Composition/Shingle Sprinklers AutomaticDrip-FrontFront

Interior Features

1 Bedroom Baths 0 1 Bedroom Sq Ft 0 2 Bedroom Baths 0 2 Bedroom Sq Ft 0 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DryerOven/RangeRefrigeratorWasher Flooring Vinyl Tile Heating Cooling BaseboardElectricVaries By Unit Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 1 Story Studio Baths 1 Studio Sq Ft 300 Unit Features Blinds/ShadesSmoke DetectorVaries Per Unit Water Heater Electric Windows Double PaneVinyl Frame

Property Features

1 Bedroom Avg Rent Per Unit 0 1 Bedroom Units 0 2 Bedroom Avg Rent Per Unit 0 2 Bedroom Units 0 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 100 4 Bedroom Units 2 Access Public Annual Debt Service 0 Annual Expenses 17820 Annual Income And Expenses Pro Forma Annual Vacancy 3 Apod Available Yes Common Features Alley AccessSecurity Lighting Documents On File Rental/Leases Facility Features Landlord Pays UtilitiesMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparate Water HeatersTenant Pays Utilities Green Feature Double Pane Windows Gross Scheduled Income 80400 Multifamily Type Apartment Building (Up To 8 Unit Net Operating Income 59418 Owners May Sell CashConventionalExchange 1031 Special Condition Of Sale None Studio Avg Rent Per Unit 1100 Studio Units 6 Utilities City/County WaterCity SewerElectricityWater Meter Installed Zoning Actual Md-Id

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Exp Realty: [IDXCONTACTINFORMATION].

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Jody Foley | RE/MAX Professionals. Real estate listings held by brokerage firms other than Jody Foley | RE/MAX Professionals are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-07T19:19:45.217.
 
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Dayton NV, 89403