Last Sold Price
16 beds6,790 sqft$265/sqft
1668 Locust St, Unit 18, Reno, NV 89502

Description

Major Investment Opportunity! This 8 unit apartment building is close to Midtown and the up-and-coming Wells Avenue Merchant District. Within walking distance to both Reno Public Market, a major renovation project with plans for several new shops boutique eateries planned, and the Reno Experience District which is currently under construction on 70,000+ square feet of retail space. This is a rare chance to own several units in a prime Reno resurgence location!Major Investment Opportunity! This 8 unit apartment building is close to Midtown and the up-and-coming Wells Avenue Merchant District. Within walking distance to both Reno Public Market, a major renovation project with plans for several new shops boutique eateries planned, and the Reno Experience District which is currently under construction on 70,000+ square feet of retail space. This is a rare chance to own several units in a prime Reno resurgence location!
LISTING CLOSED: 10/07/2021 05:00 PM

  1. Listed by Candi Peek • Ferrari-Lund Real Estate Reno
  2. Listed by Shawnee McFadden • Ferrari-Lund Real Estate Reno

Property Details for 1668 Locust Street, Unit 18

Status
MLS #
210008696
Days on Compass
112
Taxes
$4,581 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment Building (up to 8 Units)
Year Built
1982
Lot Size
0.32 AC / 13,939 SF
Zoning Actual
MF30
Total Parking Capacity
21

Location

Listing Courtesy of Ferrari-Lund Real Estate Reno, Candi Peek, License #2649; Ferrari-Lund Real Estate Reno, Shawnee McFadden, License #14147

Sold By Ferrari-Lund Real Estate Reno, Candi Peek, License #2649

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Building Information for 1668 Locust Street, Unit 18

Stories2Residences-Year Built1982Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

$9,531 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,149

Property Taxes

$382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1668 Locust Street, Unit 18

Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.508758
  • Geo Longitude: -119.800038
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 1668 Locust St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 1668 Locust St
  • County: Washoe
  • Elementary School: Veterans
  • Middle School: Vaughn
  • High School: Wooster
  • Xstreet/Directions: Colorado River Blvd
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $4,581.00
Parking
  • Parking Capacity per Unit: 0
  • Parking Types: Common, Designated Parking
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1982.0
  • Acreage: 0.32
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 01341423
  • Complex Name: N/A
  • Gross Square Footage: 6790.0
Property and Assessments
  • Cap Rate: 4.00%
  • Documents On File: None
  • ADA Compliant: No
  • APOD Available: No
  • Tax Database ID: 5
  • Tax Property ID: 01341423
  • Construction: Wood Frame
  • Assessment $: $.00
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 06-18-2021
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Electric, Natural Gas, Forced Air
  • Water Heater: Electric
  • Windows: Double Pane, Vinyl Frame
  • Facility Features: Master Meter-Water, Separate Meters-Electric, Separated Meters-Gas
  • Common Features: None
  • Unit Features: Smoke Detector
  • Appliances: Oven/Range, Refrigerator, Varies Per Unit
  • Laundry: None
  • Flooring: Carpet, Ceramic Tile, Sheet Vinyl
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Masonite
  • Roof: Asphalt, Composition/Shingle, Pitched
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Varies by Unit, Water Meter Installed
  • Landscaped: Partially Landscaped
  • Sprinklers: Drip-Full, Yes
  • Fenced: Back, Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 0
  • 1 Bedroom - # Units: 0
  • 1 Bedroom - SqFt/Unit: 0
  • 1 Bedroom - Avg Rent/Unit: 0
  • 2 Bedroom - # Baths: 8
  • 2 Bedroom - # Units: 8
  • 2 Bedroom - SqFt/Unit: 848
  • 2 Bedroom - Avg Rent/Unit: 985
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 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: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 8
  • Stories: 2 Story
  • Unit #: 1-8
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $.00
  • Annual Expenses: $13,622.18
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $96,120.00
  • Net Operating Income: $82,497.82
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 112
  • DOMLS: 112
  • Cumulative DOM: 112
  • Cumulative DOMLS: 112
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Candi Peek
  • Contact Phone: (775)742-4796
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 1668 Locust Street, Unit 18

DateEvent & SourcePriceAppreciation
Oct 7, 2021

Sold

NNRMLS #210008696

$1,800,000
Sep 7, 2021

In Contract

NNRMLS #210008696

Sep 6, 2021

Pending

NNRMLS #210008696

DateEvent & SourcePrice
10/07/2021

Sold

NNRMLS #210008696

$1,800,000
09/07/2021

In Contract

NNRMLS #210008696

09/06/2021

Pending

NNRMLS #210008696

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

Schools near 1668 Locust Street, Unit 18

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Veterans Memorial Elementary School
PublicK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Bailey Charter School
CharterK to 6

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1668 Locust Street, Unit 18, Reno, NV 89502
$1,800,000
16
6,790
13,939
$1,800,000
8
6,790
13,896
1
774
9,235
$360,000
8
4,224
14,810
$241,000
8
528
14,810
$145,000
4
2,392
6,273

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 Ferrari-Lund Real Estate Reno, Candi Peek, License #2649; Ferrari-Lund Real Estate Reno, Shawnee McFadden, License #14147

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.