1351 Terrace

2
Baths
2,883 Sq. Ft.
$572 / Sq. Ft.
2,883
Sq. Ft.
$572
per Sq. Ft.

Description

Annual income is $103,936 which produces a 6.3% cap. Rare opportunity to own a newly renovated 10 bedroom student housing property in a premium location. This exceptional living space is less than a 2 minute walk to campus which brings in top-of-the-market rental income. Contact the Listing Agent for access to the full Property Flyer. In addition, a separate lot on the West side of the property can be purchased as well for a separate development., COMPLETE Newly Renovated Modern Style, A+ Location...Annual income is $103,936 which produces a 6.3% cap. Rare opportunity to own a newly renovated 10 bedroom student housing property in a premium location. This exceptional living space is less than a 2 minute walk to campus which brings in top-of-the-market rental income. Contact the Listing Agent for access to the full Property Flyer. In addition, a separate lot on the West side of the property can be purchased as well for a separate development., COMPLETE Newly Renovated Modern Style, A+ Location for Students, Seconds From Campus, Ideal Layout for Students, Street and On Site Parking, Located next to The University of Nevada, Reno, 3 Min Walk to the Joe Crowley Student Union, 2 Minute Walk to the Ultra Modern UNR Gym.
  1. Listed by Trevor Richardson • Address Income
    P: (775)-233-0754 trichardson@addressincome.com

Property Details for 1351 Terrace

Zoning
MU-UNRC
LISTING CLOSED: 02/19/2021 01:00 AM

Property Details for 1351 Terrace

StatusClosed
MLS #200010760
Days on Compass196
Taxes$1,090 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.10 AC / 4,356 SF
CountyWashoe

Location

Listing Courtesy of Address Income, Trevor Richardson, License #B.1002905

Sold By Non MLS Office, Non MLS Agent, License #3000

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Building Information for 1351 Terrace

Stories3Residences3Year Built1933Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$8,313 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,222

Property Taxes

$91

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1351 Terrace

Summary
Location and General Information
  • Directions: Virginia & College Drive
  • Address:Parcel Number: 00712301
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,090
  • Tax Legal:Tax Annual Amount: $1,090
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MU-UNRC
  • Tax Legal:Directions: Virginia & College Drive
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: No
  • Parking Features: Tandem
  • Parking Total: 8.0
  • Parking Information:Parking Total: 8.0
  • Parking Features:Tandem: Yes
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Square Feet: 4356.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 2883.0
  • Lot:Lot Size Acres: 0.1
  • Lot:Lot Size Square Feet: 4356.0
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 00712301
  • Possession: Subject To Tenant Rights
  • Road Frontage Type: Private Road
  • Road Responsibility: Private Maintained Road
  • Property Type: Residential Income
  • Year Built: 1933
  • Number Of Buildings: 1
  • Possession:Subject To Tenant Rights: Yes
  • Road Frontage Type:Private Road: Yes
  • Road Responsibility:Private Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Centralized Data Panel
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Internet Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Cellular Coverage: Yes
  • Utilities:Centralized Data Panel: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Electric: Yes
  • Water Heater:Gas: Yes
  • Water Heater:Tankless: 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: No
  • 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
  • Patio And Porch Features: Patio, Deck
  • Stories: 3
  • Construction Materials: Brick, Stucco, Wood Siding, Masonry Veneer
  • Fencing: Partial
  • Foundation Details: Slab
  • Other Equipment: TV Antenna, Varies By Unit
  • Roof: Composition, Pitched, Shingle
  • Security Features: Fire Alarm, Fire Sprinkler System, Keyless Entry, Security Lights, Security System, Smoke Detector(s)
  • Window Features: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 3.0
  • Building:Units Furnished: Varies By Unit
  • Construction Materials:Brick: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Masonry Veneer: Yes
  • Fencing:Partial: Yes
  • Foundation Details:Slab: Yes
  • Other Equipment:TV Antenna: Yes
  • Other Equipment:Varies By Unit: Yes
  • Outdoor Living Spaces:Deck: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Fire Alarm: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Security Features:Keyless Entry: Yes
  • Security Features:Security Lights: Yes
  • Security Features:Security System: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:Drip System: Yes
  • Sprinklers:Front: Yes
  • Sprinklers:Rear: Yes
  • Window Features:Blinds: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Low-Emissivity Windows: Yes
  • Window Features:Vinyl Frames: Yes
Interior Features
  • Cooling: Central Air, Electric, Refrigerated
  • Cooling YN: Yes
  • Fireplace YN: Yes
  • Flooring: Laminate
  • Heating: Electric, Fireplace(s), Natural Gas
  • Heating YN: Yes
  • Interior Features: Smart Thermostat
  • Laundry Features: In Unit
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Smart Appliance(s), Washer
  • Interior:Building Area Total: 2883.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: Yes
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Cooling:Refrigerated: Yes
  • Flooring:Laminate: Yes
  • Heating:Electric: Yes
  • Heating:Fireplace(s): Yes
  • Heating:Natural Gas: Yes
  • Interior Features:Smart Thermostat: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Disposal: Yes
  • Appliances:Dryer: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Microwave: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Appliances:Smart Appliance(s): Yes
  • Appliances:Washer: Yes
  • Laundry Features:In Unit: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $18,415
  • Gross Scheduled Income: $122,350
  • Net Operating Income: $106,460
  • Income and Expenses:Gross Scheduled Income: $122,350
  • Income and Expenses:Net Operating Income: $106,460
  • Income and Expenses:Total Annual Expenses: $18,415
Multi Family Information
  • Units Furnished: Varies By Unit
  • Number Of Units Total: 3

Property History for 1351 Terrace

DateEvent & SourcePriceAppreciation
Feb 19, 2021

Sold

NNRMLS #200010760

$1,650,000
Dec 21, 2020

Pending

NNRMLS #200010760

Aug 7, 2020

Listed (Active)

NNRMLS #200010760

$1,800,000
DateEvent & SourcePrice
02/19/2021

Sold

NNRMLS #200010760

$1,650,000
12/21/2020

Pending

NNRMLS #200010760

08/07/2020

Listed (Active)

NNRMLS #200010760

$1,800,000

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

Schools near 1351 Terrace

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Elmcrest Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Coral Academy Charter School Elementary
CharterK to 4

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 Address Income, Trevor Richardson, License #B.1002905

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.