1007 Commercial Row

Reno, NV 89503

$168,000
Last Sold Price
8
Beds
5
Baths
3,099 Sq. Ft.
$54 / Sq. Ft.
3,099
Sq. Ft.
$54
per Sq. Ft.
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Closed 10/28/10
Closed 10/28/10
an aerial view of residential house with parking

Description

8.31% Cap Rate. Three houses on one parcel within walking distance to downtown Reno. Multi Family use with Industrial Zoning. Rents reflect condition of the property and could be raised with some TLC. Interior in better condition than exterior. Two finished basements were 4th and 5 th units in past, but do not meet current code. 2008 Commerical Appraisal puts land value at $383K. Property is free and clear - Seller willing to carry first mortgage to qualified buyer with substantial down., 1/3 acre...8.31% Cap Rate. Three houses on one parcel within walking distance to downtown Reno. Multi Family use with Industrial Zoning. Rents reflect condition of the property and could be raised with some TLC. Interior in better condition than exterior. Two finished basements were 4th and 5 th units in past, but do not meet current code. 2008 Commerical Appraisal puts land value at $383K. Property is free and clear - Seller willing to carry first mortgage to qualified buyer with substantial down., 1/3 acre Western Adjacent land is vacant and available for sale. See associated docs for flyerinformation. Add together for a total of over .60. and two way access.
  1. Listed by Lin Lansdon • Real Estate of Reno Sparks
    P: (775)-720-0720 lin@linlansdon.com

Property Details for 1007 Commercial Row

Zoning
032I
LISTING CLOSED: 10/28/2010 12:00 AM

Property Details for 1007 Commercial Row

StatusClosed
MLS #90015678
Days on Compass374
Taxes$1,656 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.28 AC / 12,196 SF
CountyWashoe County
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Location

Listing Courtesy of Real Estate of Reno Sparks, Lin Lansdon, License #B.27909

Sold By Real Estate of Reno Sparks, Lin Lansdon, License #B.27909

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Building Information for 1007 Commercial Row

Stories1Residences3Year Built1928Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

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$975 per month

30 year fixed, 6.36% Interest

Principal and Interest

$837

Property Taxes

$138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1007 Commercial Row

Summary
Location and General Information
  • Directions: Keystone Place off W. Second
  • Address:Parcel Number: 01004518
Taxes and HOA
  • Association Amenities: Barbecue
  • Association Fee: $0
  • Tax Annual Amount: $1,656
  • Tax Legal:Tax Annual Amount: $1,656
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: 032I
  • Tax Legal:Directions: Keystone Place off W. Second
  • AssociationCommunity:Number Of Buildings: 3.0
  • Association Amenities:Barbecue: Yes
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, RV Access/Parking, None
  • Parking Total: 12.0
  • Parking Information:Parking Total: 12.0
  • Parking Features:Alley Access: Yes
  • Parking Features:RV Access/Parking: Yes
  • Parking Features:None: Yes
Property
Lot Information
  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Square Feet: 12196.8
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 3099.0
  • Lot:Lot Size Acres: 0.28
  • Lot:Lot Size Square Feet: 12196.8
Property and Assessments
  • Parcel Number: 01004518
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1928
  • Number Of Buildings: 3
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Water Meter Installed, Varies By Unit
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Varies By Unit: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Electric: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Separate Gas Meters YN: No
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Separate Water Heaters YN: Yes
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: No
  • Meter Information:One Primary Water Meter YN: No
Interior and Exterior Features
Exterior Features
  • Stories: 1
  • Construction Materials: Asbestos, Frame, Wood Siding
  • Fencing: Partial
  • Other Equipment: Varies By Unit
  • Roof: Composition, Shingle
  • Window Features: Double Pane Windows, Single Pane Windows, Storm Window(s)
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 1.0
  • Construction Materials:Asbestos: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Fencing:Partial: Yes
  • Other Equipment:Varies By Unit: Yes
  • Roof:Composition: Yes
  • Roof:Shingle: Yes
  • Sprinklers:None: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Storm Window(s): Yes
Interior Features
  • Cooling: Evaporative Cooling
  • Cooling YN: Yes
  • Flooring: Carpet, Vinyl
  • Heating: Oil
  • Heating YN: Yes
  • Laundry Features: In Kitchen, In Unit, Washer Hookup, Varies By Unit
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Gas Range, Refrigerator
  • Interior:Building Area Total: 3099.0
  • Interior:Building Area Source: Appraiser
  • Cooling:Evaporative Cooling: Yes
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Heating:Oil: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:In Kitchen: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:Varies By Unit: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $8,365
  • Gross Scheduled Income: $27,000
  • Net Operating Income: $16,204
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Gross Scheduled Income: $27,000
  • Income and Expenses:Net Operating Income: $16,204
  • Income and Expenses:Total Annual Expenses: $8,365
  • Income and Expenses:Vacancy Allowance: $2,430
Multi Family Information
  • Number Of Units Total: 3
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Tenant Pays:All Utilities: Yes

Property History for 1007 Commercial Row

DateEvent & SourcePriceAppreciation
Oct 28, 2010

Sold

NNRMLS #90015678

$168,000—
Aug 20, 2010

Pending

NNRMLS #90015678

—
Oct 19, 2009

Listed (Active)

NNRMLS #90015678

$316,000—
DateEvent & SourcePrice
10/28/2010

Sold

NNRMLS #90015678

$168,000
08/20/2010

Pending

NNRMLS #90015678

—
10/19/2009

Listed (Active)

NNRMLS #90015678

$316,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1007 Commercial Row

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Hunter Lake Elementary School
Public - PK to 5
Darrell C Swope Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Innovations High School - 16510
Public - 9 to 12
Rating
School
Distance
Hunter Lake Elementary School
PublicPK to 5

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Innovations High School - 16510
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Estate of Reno Sparks, Lin Lansdon, License #B.27909

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.