3395 Scottsdale Road

Sold 1/18/19
Sold 1/18/19
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Sold
Last Sold Price
$965,000
12 beds6,712 sqft$144/sqft
3395 Scottsdale Rd, Reno, NV 89512
Multi FamilyProperty Type
0.35 acresLot Size
1984Year Built
$144/sq ftPrice per sq ft
8 carsParking Spaces

Description

3395 Scottsdale Rd is an excellent investment opportunity with significant upside potential. This is a well maintained turnkey stable building with long term tenants and the potential to increase rents by $100 to $200 per unit with a pro forma CAP rate of 6.1%. Each unit is spacious with a large living space, large bedrooms, in-unit laundry, individual furnaces and hot water heaters. Two apartments have been recently updated. see extended remarks:3395 Scottsdale Rd is an excellent investment opportunity with significant upside potential. This is a well maintained turnkey stable building with long term tenants and the potential to increase rents by $100 to $200 per unit with a pro forma CAP rate of 6.1%. Each unit is spacious with a large living space, large bedrooms, in-unit laundry, individual furnaces and hot water heaters. Two apartments have been recently updated. see extended remarks:
  • Listed by: Donal Minihan • RE/MAX Professionals
  • Listed by: Brent Vaulet • RE/MAX Professionals
Listing closed: 01/17/2019 04:00 PM • Source: NNRMLS, MLS#: 180013743

Recent comparable sales

Median sold price

$697,000

Avg days on market

66

Sale-to-list ratio

94.9%

Reno, NV

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Location

Listing Courtesy of RE/MAX Professionals, Donal Minihan, License #9572; RE/MAX Professionals, Brent Vaulet, License #10770

Sold By Chase International-Damonte, Philip Klink, License #1266

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$5,244 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,905

Property Taxes

$339

HOA Dues

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Property Information for 3395 Scottsdale Road

Property Details
  • Taxes: $4,071 / year
  • MLS Type: Multi-Family / Apartment Building (up to 8 Units)
  • County: Washoe County
  • Zoning Actual: MF30
  • Total Parking Capacity: 8
Building Information
  • Stories: 2
  • Year Built: 1984
  • Lot Size: 0.35 AC / 15,246 SF
Summary
Location and General Information
  • Area: Reno-North
  • Zip: 89512
  • Geo Latitude: 39.564021
  • Geo Longitude: -119.786751
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 3395 Scottsdale Rd
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89512
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 3395 Scottsdale Rd
  • County: Washoe
  • Xstreet/Directions: Clear Acre Ln/Scottsdale Rd
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: Yes
  • Sliding Scale: No
  • Taxes $: $4,071.26
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1984.0
  • Acreage: 0.35
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 03515001
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: 3395 Scottsdale
  • Gross Square Footage: 6712.0
Property and Assessments
  • Documents On File: Financial Statements
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 03515001
  • Construction: Wood Frame
  • Assessment $: $.00
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 09-12-2018
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas, Forced Air
  • Water Heater: Natural Gas
  • Windows: Double Pane, Metal Frame
  • Facility Features: Landlord Pays Utilities, Separate Heating/Cooling, Separate Meters-Electric, Separate Meters-Water, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: Balcony, Patio/Deck
  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range, Refrigerator, Washer
  • Laundry: Kitchen, Varies Per Unit
  • Flooring: Carpet, Sheet Vinyl
  • Green Features: None
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Wood Siding
  • Roof: Composition/Shingle, Pitched
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Water Meter Installed
  • Landscaped: Yes-Full
  • Sprinklers: Automatic, Yes
  • Fenced: Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 4
  • 1 Bedroom - SqFt/Unit: 689
  • 1 Bedroom - Avg Rent/Unit: 650
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 4
  • 2 Bedroom - SqFt/Unit: 989
  • 2 Bedroom - Avg Rent/Unit: 825
  • 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
Income & Expenses
  • Annual Expenses: $22,915.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $86,400.00
  • Net Operating Income: $61,757.00
Agent
Showing and Remarks
  • Days to Contract: 67
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 128
  • DOMLS: 128
  • Cumulative DOM: 128
  • Cumulative DOMLS: 128
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Donal Minihan
  • Contact Phone: 775-800-3809
Rental
Rent Information
  • Annual Vacancy: $1,728.00
  • Current Lease: Leases

Property History for 3395 Scottsdale Road

DateEvent & SourcePriceAppreciation
Jan 17, 2019

Sold

NNRMLS #180013743

$965,000—
Jan 11, 2019

Sold (Public Record)

Public Record #637853432

$965,000

+3.0% / yr

Nov 19, 2018

Pending

NNRMLS #180013743

—
DateEvent & SourcePrice
01/17/2019

Sold

NNRMLS #180013743

$965,000
01/11/2019

Sold (Public Record)

Public Record #637853432

$965,000

+3.0% / yr

11/19/2018

Pending

NNRMLS #180013743

—

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

Public Records for 3395 Scottsdale Road

Taxable ValueLand$66,220Additions$87,310Total$153,530
Tax Record2025$3,946 ($329 / month)
Home Facts
Baths8Total Finished SqFt6,712 SqFtAbove Grade Finished SqFt6,712 SqFtStories2Lot Size15,246 SqFtStyleMulti-Family Dwelling (2-4)Year Built1984Year Renovated1984ZoningMF30CountyWASHOEAPN035-150-01

Schools near 3395 Scottsdale Road

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Lois Allen Elementary School
Public - PK to 5
Desert Skies Middle School
Public - 6 to 8
Procter R Hug High School
Public - 9 to 12
Tmcc Magnet High School
Public - 10 to 12
Rating
School
Distance
Lois Allen Elementary School
PublicPK to 5

Desert Skies Middle School
Public6 to 8

Procter R Hug High School
Public9 to 12

Tmcc Magnet High School
Public10 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3395 Scottsdale Road, Reno, NV 89512
$965,000
12
6,712
15,246
3385 Scottsdale Road, Reno, NV 89512
$975,000
–
4
3,480
7,405
3405 Scottsdale Road, Reno, NV 89512
$396,000
3
1,418
12,632
3365 Scottsdale Road, Reno, NV 89512
$149,000
8
16
3,480
4,356
2371 Melody Lane, Reno, NV 89512
–
4
2
1,720
11,021
2365 Melody Lane, Reno, NV 89512
$158,000
3
1,366
–

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Listing Courtesy of RE/MAX Professionals, Donal Minihan, License #9572; RE/MAX Professionals, Brent Vaulet, License #10770

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.