1385 N Virginia St

Reno, NV 89503

$9,350,000
Last Sold Price
40
Beds
37,551 Sq. Ft.
$249 / Sq. Ft.
37,551
Sq. Ft.
$249
per Sq. Ft.
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Sold 5/14/19
Sold 5/14/19

Description

Prime Investment/development properties in an OPPORTUNITY ZONE. Student housing complex and house next door for sale. Both buildings are located directly across the street from the growing University of Nevada, Reno campus. The Towers at Pink Hill finished new construction in 2018. The Towers is made of 23 furnished units (54 beds) with commercial ground floor. This investment allows for continued development/growth of the project. House next door address: 1349 N. Virginia is a 3bd/1bh, 1,088sf,...Prime Investment/development properties in an OPPORTUNITY ZONE. Student housing complex and house next door for sale. Both buildings are located directly across the street from the growing University of Nevada, Reno campus. The Towers at Pink Hill finished new construction in 2018. The Towers is made of 23 furnished units (54 beds) with commercial ground floor. This investment allows for continued development/growth of the project. House next door address: 1349 N. Virginia is a 3bd/1bh, 1,088sf, 0.126 acres
  1. Listed by Garry Hill-Thomas • Trans-Action Realty 500

Property Details for 1385 North Virginia Street

Zoning Actual
MU-UNR
Total Parking Capacity
19
LISTING CLOSED: 05/13/2019 05:00 PM

Property Details for 1385 North Virginia Street

StatusSold
MLS #180010728
Days on Compass294
Taxes$67,568 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built2018
Lot Size0.52 AC / 22,651 SF
CountyWashoe County
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Location

Listing Courtesy of Trans-Action Realty 500, Garry Hill-Thomas, License #7372

Sold By Trans-Action Realty 500, Garry Hill-Thomas, License #7372

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Building Information for 1385 North Virginia Street

Stories4Residences-Year Built2018Building Size-Lot Size0.52 AC / 22,651 SF

Payment Calculator

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$52,223 per month

30 year fixed, 6.36% Interest

Principal and Interest

$46,592

Property Taxes

$5,631

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1385 North Virginia Street

Summary
Location and General Information
  • Area: Reno-Old Northwest
  • Zip: 89503
  • Geo Latitude: 39.541908
  • Geo Longitude: -119.817479
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 1385 N Virginia St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89503
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 1385 N Virginia Street
  • County: Washoe
  • Xstreet/Directions: N. Virigina and 14th Street
  • Source of Zoning: Appraiser
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $67,567.51
Parking
  • Parking Capacity per Unit: 0
  • Parking Types: Attached
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Plans
  • Year Built: 2018.0
  • Acreage: 0.52
  • Type of Property: Apartment Complex
  • Parcel #: 00712512
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: The Towers at Pink Hill
  • Gross Square Footage: 37551.0
Property and Assessments
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00712512
  • Construction: Wood Frame
  • Assessment $: $.00
  • HUD: No
  • Associated Document Count: 1
  • LVT Date: 07-24-2018
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Forced Air, Natural Gas
  • Water Heater: Electric, Natural Gas
  • Windows: Double Pane, Vinyl Frame, Wood Frame
  • Facility Features: Landlord Pays Utilities, Pet Restrictions, Separate Heating/Cooling, Separate Meters-Electric, Separate Meters-Water, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: Fire Alarm, Fire Escape, Security Lighting
  • Unit Features: Balcony, Blinds/Shades, Fire Sprinklers, Furnished, Keyless Entry, Loft, Patio/Deck, Security System, Smoke Detector, Varies Per Unit, Vaulted Cathedral Ceiling
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Washer
  • Laundry: Varies Per Unit
  • Flooring: Carpet, Concrete, Laminate
  • Green Features: None
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Metal Siding, Stucco
  • Roof: Flat
  • Utilities: Cable, City Sewer, City/County Water, Electricity, Internet Available, Telephone
  • Landscaped: Fully Landscaped, Yes-Full
  • Sprinklers: Automatic, Drip-Back, Drip-Front, Full Sprinklers, Yes
  • Fenced: Back
Room
  • Studio - # Baths: 1
  • 1 Bedroom - # Baths: 0
  • 1 Bedroom - # Units: 0
  • 1 Bedroom - SqFt/Unit: 0
  • 1 Bedroom - Avg Rent/Unit: 0
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 4
  • 2 Bedroom - SqFt/Unit: 1034
  • 2 Bedroom - Avg Rent/Unit: 1762
  • 3 Bedroom - # Baths: 3
  • 3 Bedroom - # Units: 8
  • 3 Bedroom - SqFt/Unit: 1388
  • 3 Bedroom - Avg Rent/Unit: 2750
  • 4+ Bedroom - # Baths: 3
  • 4+ Bedroom - # Units: 2
  • 4+ Bedroom - SqFt/Unit: 1744
  • 4+Bedroom - Avg Rent/Unit: 2900
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 9
  • Studio - SqFt/Unit: 663
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 1225
  • # Buildings: 1
  • # Units: 26
  • Stories: 4 or More
Income & Expenses
  • Annual Expenses: $158,405.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $850,140.00
  • Net Operating Income: $691,735.00
Agent
Showing and Remarks
  • Days to Contract: 247
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 294
  • DOMLS: 294
  • Cumulative DOM: 294
  • Cumulative DOMLS: 294
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Garry Hill-Thomas
  • Contact Phone: 510-333-3844
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 1385 North Virginia Street

DateEvent & SourcePriceAppreciation
May 13, 2019

Sold

NNRMLS #180010728

$9,350,000—
Mar 18, 2019

Pending

NNRMLS #180010728

—
Jul 23, 2018

Listed (Active)

NNRMLS #180010728

$15,500,000—
DateEvent & SourcePrice
05/13/2019

Sold

NNRMLS #180010728

$9,350,000
03/18/2019

Pending

NNRMLS #180010728

—
07/23/2018

Listed (Active)

NNRMLS #180010728

$15,500,000

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

Public Records for 1385 North Virginia Street

Taxable ValueLand$1,085,392Additions$2,446,488Total$3,531,880
Tax Record2025$118,181 ($9,848 / month)
Home Facts
Total Finished SqFt37,551 SqFtAbove Grade Finished SqFt37,551 SqFtStories3Lot Size28,192 SqFtStyleMulti-Family Res (5+ Units)Year Built2017ZoningMUCountyWASHOEAPN007-125-13

Schools near 1385 North Virginia Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Elmcrest Elementary School
Public - PK to 5
Archie Clayton Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Marvin Picollo School
Public - PK to 12
Rating
School
Distance
Elmcrest Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Marvin Picollo School
PublicPK 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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Listing Courtesy of Trans-Action Realty 500, Garry Hill-Thomas, License #7372

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.