Skip To Content

1002 S Arlington Avenue

Reno, NV 89509
  • $2,675,000
  • STATUS: Active
  • ON SITE: 184 Days
  • MLS #: 230005650
UPDATED: 48 min ago
$2,675,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $412
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Description

PLEASE SEE ATTACHED DOCUMENTS FOR PROEPRTY DETAIL An exceptional investment opportunity in the heart of vibrant Midtown Reno. This unique property encompasses two parcels, featuring 3 buildings, and is superbly situated. Close to Midtown Reno, this property offers the best of urban living with easy access to an array of amenities, shops, and restaurants. The vibrant Midtown district is known for its eclectic mix of boutiques, art galleries, cafes, and nightlife, making it a sought-after destination. A key feature of this investment is the presence of a robust tenant currently occupying all three buildings. With a Modified Gross Lease in place. With the continued growth and development in the Midtown Reno area, this property offers significant potential. Investors can take advantage of the area's increasing popularity. The property's location provides easy commuting options, with walking and biking as convenient transportation choices. Proximity to major roadways ensures accessibility for all. Building 1: 8 bedrooms, 2 full bathrooms, 1 full kitchen, 2,259 sq ft Building 2: 10 bedrooms, 4 full bathrooms, 4 kitchens, 3,168 sq ft Building 3: 5 bedrooms, 2 full bathrooms, 1 kitchen, 1,0730sq ft Building 1& 2: APN 011-313-13 Building 3: APN 011-313-14 *based off assessors

Monthly Payment Calculator

Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | REMAX Professionals. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | REMAX 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: 2023-12-03T18:19:37.83.
www.nevada.properties/homes/140093315
Print Image

1002 S Arlington Avenue Reno, NV 89509

  • Price: $2,675,000
  • Status: Active
  • On Site: 184 Days
  • Updated: 48 min ago
  • MLS #: 230005650
0
Beds
0
Baths
0
½ Baths
0.39
Acres
6,500
SQFT
$412
$/SQFT
1937
Built
Neighborhood:
Reno-Old Southwest
County:
Washoe
Area:
Reno-Old Southwest
Property Description
PLEASE SEE ATTACHED DOCUMENTS FOR PROEPRTY DETAIL An exceptional investment opportunity in the heart of vibrant Midtown Reno. This unique property encompasses two parcels, featuring 3 buildings, and is superbly situated. Close to Midtown Reno, this property offers the best of urban living with easy access to an array of amenities, shops, and restaurants. The vibrant Midtown district is known for its eclectic mix of boutiques, art galleries, cafes, and nightlife, making it a sought-after destination. A key feature of this investment is the presence of a robust tenant currently occupying all three buildings. With a Modified Gross Lease in place. With the continued growth and development in the Midtown Reno area, this property offers significant potential. Investors can take advantage of the area's increasing popularity. The property's location provides easy commuting options, with walking and biking as convenient transportation choices. Proximity to major roadways ensures accessibility for all. Building 1: 8 bedrooms, 2 full bathrooms, 1 full kitchen, 2,259 sq ft Building 2: 10 bedrooms, 4 full bathrooms, 4 kitchens, 3,168 sq ft Building 3: 5 bedrooms, 2 full bathrooms, 1 kitchen, 1,0730sq ft Building 1& 2: APN 011-313-13 Building 3: APN 011-313-14 *based off assessors
Exterior Features

Construction Wood Frame Exterior Wood Siding Fenced BackFront Foundation Basement/UnfinishedConcrete/Crawl Space Landscaped Fully LandscapedYes Parking Capacity 10 Parking Types Common Roof Composition/ShinglePitched Sprinklers Yes

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 RefrigeratorOven/RangeDishwasherMicrowaveWasherDryerVaries Per Unit Flooring CarpetSheet VinylVinyl TileVaries by Unit Heating Cooling ElectricNatural GasForced Air Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 0 Studio Sq Ft 0 Unit Features None Water Heater Electric Windows Combo/Varies

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 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 4244.79 Annual Income And Expenses Actual Annual Vacancy 0 Apod Available Yes Ccr Restrictions No Common Features None Documents On File Rental/Leases Facility Features Separated Meters-GasSeparate Meters-ElectricResident ManageTenant Pays Utilities Gross Scheduled Income 171600 Multifamily Type Apartment Complex Net Operating Income 171600 Owners May Sell ConventionalCash Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City SewerElectricityNatural Gas Zoning Actual MF14

Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Engel & Volkers Lake Tahoe: .

Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | REMAX Professionals. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | REMAX 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: 2023-12-03T18:19:37.83.
 
https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_230005650-2.jpg https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_230005650-2.jpg https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_230005650-2.jpg
Logo
Theresa Nelson Real Estate | REMAX Professionals
5905 S Virginia Street
Reno NV, 89502