Last Sold Price
4 beds4,768 sqft$122/sqft
140 La Rue AveReno, NV89509

Description

Hawaiian Vacation to Buyer with Purchase! Rare investment opportunity to purchase a charming 10 unit apartment complex in the heart of Reno' s Old Southwest neighborhood and the Midtown district and get a free trip to Hawaii for 2 with a full price offer and a successful close on or before 12/31/2013. Close to the Truckee River, popular restaurants, public transportation, and downtown Reno, the property is nestled in a quiet garden setting that shows pride of ownership. All units have been remodeled.Hawaiian Vacation to Buyer with Purchase! Rare investment opportunity to purchase a charming 10 unit apartment complex in the heart of Reno' s Old Southwest neighborhood and the Midtown district and get a free trip to Hawaii for 2 with a full price offer and a successful close on or before 12/31/2013. Close to the Truckee River, popular restaurants, public transportation, and downtown Reno, the property is nestled in a quiet garden setting that shows pride of ownership. All units have been remodeled.
LISTING CLOSED: 01/20/2014 04:00 PM

  1. Listed by Kathryn Galles • RE/MAX Realty Affiliates-Reno

Property Details for 140 La Rue Avenue

Status
MLS #
130011098
Days on Compass
145
Taxes
$2,540 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment Complex
Year Built
1954
Lot Size
0.31 AC / 13,503 SF
Zoning Actual
Multifamily
Total Parking Capacity
10

Location

Listing Courtesy of RE/MAX Realty Affiliates-Reno, Kathryn Galles, License #2582

Sold By Sierra Nevada Properties-Frnly, Dan Berg, License #5008

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Building Information for 140 La Rue Avenue

Stories1Residences-Year Built1954Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$3,160 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,948

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 140 La Rue Avenue

Summary
Location and General Information
  • Area: Reno-Old Southwest
  • Zip: 89509
  • Geo Latitude: 39.515537
  • Geo Longitude: -119.810181
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 140 Larue Ave
  • Geo Primary City: Reno
  • Geo Secondary City: Washoe Co.
  • Geo Subdivision: NV
  • Geo Postal Code: 89509
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 140 La Rue Avenue
  • County: Washoe
  • Xstreet/Directions: Plumas, Virginia
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $2,539.68
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1954.0
  • Acreage: 0.31
  • Type of Property: Apartment Complex
  • Parcel #: 01132702
  • Complex Name: 140 La Rue
  • Gross Square Footage: 4768.0
Property and Assessments
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 01132702
  • Construction: Masonry
  • Assessment $: $.00
  • Associated Document Count: 0
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Forced Air, Natural Gas
  • Water Heater: Electric
  • Windows: Single Pane
  • Facility Features: Master Meter-Gas, Separate Meters-Electric, Separate Water Heaters, Tenant Pays Utilities
  • Common Features: BBQ/Picnic Area
  • Unit Features: None
  • Appliances: Oven/Range, Refrigerator
  • Laundry: Common
  • Flooring: Carpet
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Brick
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cable, City Sewer, City/County Water, Electricity, Natural Gas, Telephone
  • Landscaped: Fully Landscaped, Yes-Full
  • Sprinklers: None
  • Fenced: Full
Room
  • Studio - # Baths: 8
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 1
  • 1 Bedroom - SqFt/Unit: 550
  • 1 Bedroom - Avg Rent/Unit: 610
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 0
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 3 Bedroom - # Baths: 2
  • 3 Bedroom - # Units: 1
  • 3 Bedroom - SqFt/Unit: 610
  • 3 Bedroom - Avg Rent/Unit: 1150
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 8
  • Studio - SqFt/Unit: 400
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 505
  • # Buildings: 2
  • # Units: 10
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Expenses: $22,507.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $75,600.00
  • Net Operating Income: $51,713.00
Agent
Showing and Remarks
  • Days to Contract: 98
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 145
  • DOMLS: 143
  • Cumulative DOM: 215
  • Cumulative DOMLS: 212
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Ben Galles
  • Contact Phone: 7757506429
Rental
Rent Information
  • Annual Vacancy: $3,780.00
  • Current Lease: Month to Month

Property History for 140 La Rue Avenue

DateEvent & SourcePriceAppreciation
Jan 20, 2014

Sold

NNRMLS #130011098

$580,000
Jan 10, 2014

Sold (Public Record)

Public Record #403987280

$580,000

+5.6% / yr

Dec 4, 2013

Pending

NNRMLS #130011098

DateEvent & SourcePrice
01/20/2014

Sold

NNRMLS #130011098

$580,000
01/10/2014

Sold (Public Record)

Public Record #403987280

$580,000

+5.6% / yr

12/04/2013

Pending

NNRMLS #130011098

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

Public Records for 140 La Rue Avenue

Taxable ValueLand$124,250Additions$45,002Total$169,252
Tax Record2025$3,721 ($310 / month)
Home Facts
Baths10Total Finished SqFt4,768 SqFtAbove Grade Finished SqFt4,768 SqFtStories1Lot Size13,983 SqFtStyleMulti-Family Dwelling (2-4)Year Built1954ZoningMU-MCCountyWASHOEAPN011-327-02

Schools near 140 La Rue Avenue

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Mount Rose Elementary School
PublicK to 8

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Washoe Innovations Academy
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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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 RE/MAX Realty Affiliates-Reno, Kathryn Galles, License #2582

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.