Sold
Last Sold Price
14 beds6,026 sqft
3001 W 4th St, Reno, NV 89523
Multi FamilyProperty Type
0.5 acresLot Size
1956Year Built
$214/sq ftPrice per sq ft
60 carsParking Spaces

Description

Outstanding 12 unit property on .50 acre lot. Secluded setting, yet close to town. Fully occupied. Onsite laundry provides additional income. Ten 1 bedroom units, two 2 bedroom units. Adjacent .77 acre parcel APN 006-250-46 available for $130,000. Possible seller financing on that parcel only. New, high efficiency oil furnace heats ten units. Two units on propane heat. Property is on a private well and city sewer. Incredible 8 % cap rate. Do not walk or drive onto property. APOD in associated documents.Outstanding 12 unit property on .50 acre lot. Secluded setting, yet close to town. Fully occupied. Onsite laundry provides additional income. Ten 1 bedroom units, two 2 bedroom units. Adjacent .77 acre parcel APN 006-250-46 available for $130,000. Possible seller financing on that parcel only. New, high efficiency oil furnace heats ten units. Two units on propane heat. Property is on a private well and city sewer. Incredible 8 % cap rate. Do not walk or drive onto property. APOD in associated documents.
  • Listed by: Barrie Lynn • Ferrari-Lund Real Estate Reno
Listing closed: 07/09/2018 05:00 PM • Source: NNRMLS, MLS#: 180006577

Location

Listing Courtesy of Ferrari-Lund Real Estate Reno, Barrie Lynn, License #5627

Sold By Chase International-Damonte, Gabriel Larkins, License #5491

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Payment Calculator

$6,940 per month

30 year fixed, 6.71% Interest

Principal and Interest

$6,666

Property Taxes

$274

HOA Dues

$0

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Property Information for 3001 West 4th Street

Property Details
  • Taxes: $3,288 / year
  • MLS Type: Multi-Family / Apartment Complex
  • Zoning Actual: MUW4
  • Total Parking Capacity: 60
Building Information
  • Stories: 1
  • Year Built: 1956
  • Lot Size: 0.50 AC / 21,780 SF
Summary
Location and General Information
  • Area: Reno-Old Northwest
  • Zip: 89523
  • Geo Latitude: 39.519587
  • Geo Longitude: -119.848862
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 3001 W 4th St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89523
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 3001 W 4th
  • County: Washoe
  • Xstreet/Directions: Just west of Summit Ridge on W 4th
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $3,288.40
Parking
  • Parking Capacity per Unit: 5
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1956.0
  • Acreage: 0.5
  • Type of Property: Apartment Complex
  • Parcel #: 00625013
  • ZG – Green Feature: Double Pane Windows, EnergyStar APPL 1 or more
  • Complex Name: 3001 W 4th
  • Gross Square Footage: 6026.0
Property and Assessments
  • Documents On File: Furn, Fixtures, and Equip, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00625013
  • Construction: Wood Frame
  • Assessment $: $.00
  • Associated Document Count: 1
  • LVT Date: 05-16-2018
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Forced Air, Oil
  • Water Heater: Electric
  • Windows: Double Pane, Vinyl Frame
  • Facility Features: Central Water Heaters, Landlord Pays Utilities, Master Heating/Cooling, Master Meter-Electric, Separate Heating/Cooling, Separate Water Heaters
  • Common Features: BBQ/Picnic Area
  • Unit Features: Blinds/Shades, Patio/Deck, Smoke Detector, Varies Per Unit
  • Appliances: Dishwasher, EnergyStar APPL 1 or More, Microwave, Oven/Range, Refrigerator, Varies Per Unit
  • Laundry: Common
  • Flooring: Ceramic Tile
  • Green Features: 1+ Energy Star Appliance
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Stucco
  • Roof: Composition/Shingle, Pitched
  • Utilities: City Sewer, Electricity, Oil Stove, Propane, Well-Private
  • Landscaped: Fully Landscaped
  • Sprinklers: Drip-Full
  • Fenced: Full
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 10
  • 1 Bedroom - SqFt/Unit: 450
  • 1 Bedroom - Avg Rent/Unit: 832
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 2
  • 2 Bedroom - SqFt/Unit: 800
  • 2 Bedroom - Avg Rent/Unit: 1500
  • 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: 12
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Expenses: $44,994.61
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $136,300.00
  • Net Operating Income: $87,228.39
Agent
Showing and Remarks
  • Days to Contract: 30
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 55
  • DOMLS: 55
  • Cumulative DOM: 55
  • Cumulative DOMLS: 55
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Listing Agent
  • Contact Phone: 775-544-6744
Rental
Rent Information
  • Annual Vacancy: $4,077.00
  • Current Lease: Leases

Property History for 3001 West 4th Street

DateEvent & SourcePriceAppreciation
Jul 9, 2018

Sold

NNRMLS #180006577

$1,290,000
Jun 16, 2018

Pending

NNRMLS #180006577

May 15, 2018

Listed (Active)

NNRMLS #180006577

$1,080,000
DateEvent & SourcePrice
07/09/2018

Sold

NNRMLS #180006577

$1,290,000
06/16/2018

Pending

NNRMLS #180006577

05/15/2018

Listed (Active)

NNRMLS #180006577

$1,080,000

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

Public Records for 3001 West 4th Street

Taxable ValueLand$57,750Additions$59,384Total$117,134
Tax Record2021$4,096 ($341 / month)
Home Facts
Baths12Total Finished SqFt5,850 SqFtAbove Grade Finished SqFt5,850 SqFtStories1Lot Size22,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1967ZoningMSCountyWASHOEAPN006-250-13

Schools near 3001 West 4th Street

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
Public - PK to 12
Rating
School
Distance
Grace Warner 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 Ferrari-Lund Real Estate Reno, Barrie Lynn, License #5627

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.