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1101 N Sierra St

Reno, NV 89503
  • $1,095,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 220008109
UPDATED: 170 min ago
$1,095,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,060
    SQFT
  • $532
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

1101 N. Sierra St. presents an opportunity to acquire a 4-unit student housing investment less than 2 blocks from the west end of the main campus of the University of Nevada, Reno and across the street from the university dorms. These popular rental units dont stay vacant for very long. The property has a diverse unit mix which consists of a 2 bed, 1 bath unit, two 1 bed, 1 bath units, and a studio unit. Prior inspections available. Rents have recently been increased to market rates. 4.84% cap +/-.

Monthly Payment Calculator

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 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: 2022-07-07T00:20:18.027.
www.nevada.properties/homes/129578267
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1101 N Sierra St Reno, NV 89503

  • Price: $1,095,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 170 min ago
  • MLS #: 220008109
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,060
SQFT
$532
$/SQFT
1955
Built
Neighborhood:
Reno-Old Northwest
County:
Washoe
Area:
Reno-Old Northwest
Property Description
1101 N. Sierra St. presents an opportunity to acquire a 4-unit student housing investment less than 2 blocks from the west end of the main campus of the University of Nevada, Reno and across the street from the university dorms. These popular rental units dont stay vacant for very long. The property has a diverse unit mix which consists of a 2 bed, 1 bath unit, two 1 bed, 1 bath units, and a studio unit. Prior inspections available. Rents have recently been increased to market rates. 4.84% cap +/-.
Exterior Features

Construction Wood Frame Exterior Wood Siding Fenced Partial Foundation Concrete/Crawl Space Landscaped Fully LandscapedYes Parking Capacity 4 Parking Types Common Roof AsphaltPitched Sprinklers Yes

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 500 2 Bedroom Baths 1 2 Bedroom Sq Ft 700 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DishwasherDryerOven/RangeRefrigeratorVaries Per UnitWasher Flooring Ceramic TileLaminateVaries By Unit Heating Cooling Air UnitBaseboardElectricNatural GasWall HeaterVaries By Unit Laundry KitchenVaries Per Unit 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 Detector Water Heater Electric Windows Double Pane

Property Features

1 Bedroom Avg Rent Per Unit 1400 1 Bedroom Units 2 2 Bedroom Avg Rent Per Unit 1850 2 Bedroom Units 1 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 11636 Annual Income And Expenses Actual Annual Vacancy 2070 Apod Available Yes Common Features None Documents On File Financial StatementsRental/Leases Facility Features Landlord Pays UtilitiesMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparated Meters-GasTenant Pays Utilities Green Feature Double Pane Windows Green Features None Gross Scheduled Income 69000 Multifamily Type DuplexTriplex4-Plex Net Operating Income 55177 Owners May Sell ConventionalExchange 1031 Special Condition Of Sale None Studio Avg Rent Per Unit 1100 Studio Units 1 Utilities City/County WaterCity SewerElectricityNatural Gas Zoning Actual Mf30

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Re/Max Gold.

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 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: 2022-07-07T00:20:18.027.
 
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Theresa Nelson Real Estate | REMAX Professionals
5905 S Virginia Street
Reno NV, 89502