339 S Wells Ave

7,350 Sq. Ft.
$340 / Sq. Ft.
7,350
Sq. Ft.
$340
per Sq. Ft.

Description

This beautiful ten unit building was reconstructed to current building codes in 2016 by two time award winning builder GuiDenby. This adaptive reuse project utilized green building practices that kept tons of building materials out of the landfill and gave new life to a familiar 1961 building and neon marquee. Large half acre lot zoned MUDR has room to build more units. Monetary credit for 1/2 acre feet of water rights to be included with a full price offer.This beautiful ten unit building was reconstructed to current building codes in 2016 by two time award winning builder GuiDenby. This adaptive reuse project utilized green building practices that kept tons of building materials out of the landfill and gave new life to a familiar 1961 building and neon marquee. Large half acre lot zoned MUDR has room to build more units. Monetary credit for 1/2 acre feet of water rights to be included with a full price offer.
  1. Listed by Barrie Lynn • Ferrari-Lund Real Estate Reno

Property Details for 339 South Wells Avenue

Zoning Actual
MUDR
Total Parking Capacity
13
LISTING CLOSED: 02/24/2021 04:00 PM

Property Details for 339 South Wells Avenue

StatusSold
MLS #210000549
Days on Compass41
Taxes$6,527 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built2016
Lot Size0.49 AC / 21,344 SF
CountyWashoe County

Location

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

Sold By Nevada's Best, Lexanne Fox, License #7264

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Building Information for 339 South Wells Avenue

Stories1Residences-Year Built2016Building Size-Lot Size0.49 AC / 21,344 SF

Payment Calculator

$13,251 per month

30 year fixed, 6.55% Interest

Principal and Interest

$12,707

Property Taxes

$544

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 339 South Wells Avenue

Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.523054
  • Geo Longitude: -119.803574
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 339 S Wells Ave
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 339 S Wells Avenue
  • County: Washoe
  • Elementary School: Booth
  • Middle School: Vaughn
  • High School: Wooster
  • Xstreet/Directions: Ryland
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $6,527.00
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Designated Parking
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 2016.0
  • Acreage: 0.49
  • Type of Property: Apartment Complex
  • Parcel #: 01301334
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: Salvation Ten
  • Gross Square Footage: 7350.0
Property and Assessments
  • Cap Rate: 6.00%
  • Documents On File: Financial Statements, Furn, Fixtures, and Equip, Rental/Leases
  • ADA Compliant: Yes
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 01301334
  • Construction: Masonry
  • Assessment $: $.00
  • Associated Document Count: 3
  • LVT Date: 01-16-2021
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Central Refrig A/C, Forced Air, Natural Gas
  • Water Heater: Natural Gas
  • Windows: Double Pane, Metal Frame
  • Facility Features: Landlord Pays Utilities, Master Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: Alley Access
  • Unit Features: Fire Sprinklers, Patio/Deck, Smoke Detector, Varies Per Unit
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Washer
  • Laundry: Hall, Separate
  • Flooring: Concrete
  • Green Features: 1+ Energy Star Appliance
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Masonry Veneer
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cellular Coverage Avail, City Sewer, City/County Water, Electricity, Internet Available, Natural Gas, Water Meter Installed
  • Landscaped: Fully Landscaped
  • Sprinklers: Automatic, Drip-Full
  • Fenced: Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 1
  • 1 Bedroom - SqFt/Unit: 650
  • 1 Bedroom - Avg Rent/Unit: 1225
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 9
  • 2 Bedroom - SqFt/Unit: 744
  • 2 Bedroom - Avg Rent/Unit: 1572
  • 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: 10
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $.00
  • Annual Expenses: $33,553.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $184,560.00
  • Net Operating Income: $151,006.00
Agent
Showing and Remarks
  • Days to Contract: 1
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 41
  • DOMLS: 40
  • Cumulative DOM: 44
  • Cumulative DOMLS: 43
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Listing Agent
  • Contact Phone: (775) 544-6744
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 339 South Wells Avenue

DateEvent & SourcePriceAppreciation
Feb 24, 2021

Sold

NNRMLS #210000549

$2,500,000
Jan 16, 2021

Pending

NNRMLS #210000549

Jan 14, 2021

Listed (Active)

NNRMLS #210000549

$2,500,000
DateEvent & SourcePrice
02/24/2021

Sold

NNRMLS #210000549

$2,500,000
01/16/2021

Pending

NNRMLS #210000549

01/14/2021

Listed (Active)

NNRMLS #210000549

$2,500,000

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

Schools near 339 South Wells Avenue

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
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster 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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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, 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.