2301 Orange Lane

Closed 7/8/21
Closed 7/8/21
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Last Sold Price
$615,000
8 beds4 baths3,660 sqft$168/sqft
2301 Orange Ln, Reno, NV 89502

Description

Spacious 4-plex located in a Opportunity Zone in Reno just east of Midtown. This 4-plex has four large 900+sq ft 2 bed 1 bath units with yards, balconies and ample parking. Walking distance to the shops, restaurants, cafes and Midtown. The property is turn key As-Is and has the potential for some value add. The estimated rents for the 2 bed is $1100/month. The pro-forma estimated CAP rate is 5.6%.Spacious 4-plex located in a Opportunity Zone in Reno just east of Midtown. This 4-plex has four large 900+sq ft 2 bed 1 bath units with yards, balconies and ample parking. Walking distance to the shops, restaurants, cafes and Midtown. The property is turn key As-Is and has the potential for some value add. The estimated rents for the 2 bed is $1100/month. The pro-forma estimated CAP rate is 5.6%.
LISTING CLOSED: 07/08/2021 12:00 AM

  1. Listed by Brent Vaulet • RE/MAX Professionals-Reno
    P: (775)-527-0031 brent@vaulethomes.com

Property Details for 2301 Orange Lane

Status
Closed
MLS #
210007173
Days on Compass
45
Taxes
$1,376 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1963
Lot Size
0.15 AC / 6,534 SF
County
Washoe County
Zoning
MF30
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Location

Listing Courtesy of RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

Sold By Keller Williams Group One Inc., Amber Klingensmith, License #S.173694

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Building Information for 2301 Orange Lane

Stories2Residences4Year Built1963Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

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$3,241 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,126

Property Taxes

$115

HOA Dues

$0

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Property Information for 2301 Orange Lane

Summary
Location and General Information
  • Directions: Grove
  • Address:Parcel Number: 01528140
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,376
  • Tax Legal:Tax Annual Amount: $1,376
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF30
  • Tax Legal:Directions: Grove
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: No
  • Parking Features: Common
  • Parking Total: 8.0
  • Parking Information:Parking Total: 8.0
  • Parking Features:Common: Yes
Property
Lot Information
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 3660.0
  • Lot:Lot Size Acres: 0.15
  • Lot:Lot Size Square Feet: 6534.0
Property and Assessments
  • Parcel Number: 01528140
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1963
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed
  • Electric: True
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: 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: Yes
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Separate Water Heaters YN: No
  • 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: 2
  • Construction Materials: Brick, Frame, Wood Siding
  • Fencing: Back Yard
  • Foundation Details: Crawl Space
  • Roof: Composition, Pitched, Shingle
  • Window Features: Single Pane Windows
  • Building:Number Of Units Total: 4.0
  • Building:Stories: 2.0
  • Construction Materials:Brick: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Fencing:Back Yard: Yes
  • Foundation Details:Crawl Space: Yes
  • Outdoor Living Spaces:Deck: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Sprinklers:None: Yes
  • Window Features:Single Pane Windows: Yes
Interior Features
  • Flooring: Carpet, Vinyl
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Laundry Features: None
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Disposal, Gas Range
  • Interior:Building Area Total: 3660.0
  • Interior:Building Area Source: Assessor
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Heating:Wall Furnace: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Disposal: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Laundry Features:None: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $10,269
  • Gross Scheduled Income: $52,800
  • Net Operating Income: $40,419
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Gross Scheduled Income: $52,800
  • Income and Expenses:Net Operating Income: $40,419
  • Income and Expenses:Total Annual Expenses: $10,269
  • Income and Expenses:Vacancy Allowance: $2,112
Multi Family Information
  • Number Of Units Total: 4

Property History for 2301 Orange Lane

DateEvent & SourcePriceAppreciation
Jul 8, 2021

Sold

NNRMLS #210007173

$615,000—
Jul 2, 2021

Sold (Public Record)

Public Record #1466538253

$615,000

+5.0% / yr

Jun 3, 2021

Pending

NNRMLS #210007173

—
DateEvent & SourcePrice
07/08/2021

Sold

NNRMLS #210007173

$615,000
07/02/2021

Sold (Public Record)

Public Record #1466538253

$615,000

+5.0% / yr

06/03/2021

Pending

NNRMLS #210007173

—

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

Public Records for 2301 Orange Lane

Taxable ValueLand$55,125Additions$37,331Total$92,456
Tax Record2025$1,605 ($134 / month)
Home Facts
Baths4Total Finished SqFt3,660 SqFtAbove Grade Finished SqFt3,660 SqFtStories2Lot Size6,534 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963ZoningMF30CountyWASHOEAPN015-281-40

Schools near 2301 Orange Lane

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Echo Loder Elementary School
Public - PK to 5
E Otis Vaughn Middle School
Public - 6 to 8
Earl Wooster High School
Public - 9 to 12
Bailey Charter School
Charter - K to 6
Rating
School
Distance
Echo Loder Elementary School
PublicPK 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)
2301 Orange, Unit 2301, Reno, NV 89502
$255,000
12
3,660
7,840
2301 Orange Street, Reno, NV 89502
$219,500
6
3,660
–
2351 Orange Lane, Reno, NV 89502
–
–
4
3,660
6,229
2229 B Kietzke Lane, Unit B, Reno, NV 89502
$114,000
2
805
–
2229 D Kietzke Lane, Reno, NV 89502
$159,000
2
805
–

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Listing Courtesy of RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

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.