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531 Mill St

Reno, NV 89052
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 31 Days
  • MLS #: 240013036
Under Contract
UPDATED: 15 min ago
$950,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,548
    SQFT
  • $373
    $/SQFT
Type:
Multi-Family
Built:
1932
County:

School Information

Elementary School:
Middle School:
High School:

Description

3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces! Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.

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Northern Nevada Regional MLS logo © 2024 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: 2024-11-11T11:19:52.333.
www.nevada.properties/homes/156590421
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531 Mill St Reno, NV 89052

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 31 Days
  • Updated: 15 min ago
  • MLS #: 240013036
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,548
SQFT
$373
$/SQFT
1932
Built
County:
Washoe
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Property Description
3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces! Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.
Exterior Features

Construction Masonry Exterior Brick Fenced Full Foundation Concrete Slab Landscaped Partially Landscaped Parking Capacity 5 Parking Types CarportVaries Per Unit Roof Composition/ShinglePitched Sprinklers None

Interior Features

1 Bedroom Baths 0 1 Bedroom Sq Ft 0 2 Bedroom Baths 1 2 Bedroom Sq Ft 849 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorOven/Range Flooring LaminateWoodVaries by Unit Heating Cooling Central Refrig A/CNatural GasForced AirVaries by Unit Laundry Hook-UpSeparate 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 Blinds/ShadesSmoke DetectorVaries Per UnitKeyless Entry Water Heater Natural Gas Windows Combo/VariesVaries by Unit

Property Features

1 Bedroom Avg Rent Per Unit 0 1 Bedroom Units 0 2 Bedroom Avg Rent Per Unit 1450 2 Bedroom Units 3 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 13510 Annual Income And Expenses Actual Annual Vacancy 0 Apod Available No Ccr Restrictions No Common Features Alley Access Documents On File None Facility Features Separated Meters-GasSeparate Meters-ElectricSeparate Meters-WaterSeparate Heating/Cooling Green Features None Gross Scheduled Income 75000 Multifamily Type DuplexTriplex4-Plex Net Operating Income 61490 Owners May Sell CashConventionalExchange 1031 Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City/County WaterCity SewerElectricityNatural Gas Zoning Actual MD-RD

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Marmot Properties, LLC: 775-391-9076.

Northern Nevada Regional MLS logo © 2024 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: 2024-11-11T11:19:52.333.
 
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Theresa Nelson Real Estate | REMAX Professionals
5905 S Virginia Street
Reno NV, 89502