3445-3485 Neil Road

Sold 3/28/22
Sold 3/28/22
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Sold
Last Sold Price
$3,000,000
24 beds11,692 sqft$257/sqft
3445-3485 Neil Rd, Reno, NV 89502
Multi FamilyProperty Type
0.94 acresLot Size
1965Year Built
$257/sq ftPrice per sq ft
16 carsParking Spaces

Description

Well maintained apartment complex includes carports for each unit, extra storage, private front patios and private back yards. All single level units with a security gate entrance to 2 separate court yards. 6 units share each court yard. Tenants pay for gas and electric and have access to 1 of 2 laundry rooms. There are 2 storage rooms or offices for owner or caretaker. A portion of the property includes an open dirt lot that can be used as extra storage or parking. Several of the units have beenWell maintained apartment complex includes carports for each unit, extra storage, private front patios and private back yards. All single level units with a security gate entrance to 2 separate court yards. 6 units share each court yard. Tenants pay for gas and electric and have access to 1 of 2 laundry rooms. There are 2 storage rooms or offices for owner or caretaker. A portion of the property includes an open dirt lot that can be used as extra storage or parking. Several of the units have been
  • Listed by: Chris Yochum • Coldwell Banker Select Reno
Listing closed: 03/27/2022 05:00 PM • Source: NNRMLS, MLS#: 220001858

Recent comparable sales

Median sold price

$2,650,000

Avg days on market

114

Sale-to-list ratio

98.2%

Reno, NV

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Location

Listing Courtesy of Coldwell Banker Select Reno, Chris Yochum, License #11010

Sold By Dickson Commercial Group, Trevor Richardson, License #12756

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$15,939 per month

30 year fixed, 6.71% Interest

Principal and Interest

$15,503

Property Taxes

$436

HOA Dues

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Property Information for 3445-3485 Neil Road

Property Details
  • Taxes: $5,231 / year
  • MLS Type: Multi-Family / Apartment Complex
  • County: Washoe County
  • Zoning Actual: MF30
  • Total Parking Capacity: 16
Building Information
  • Stories: 1
  • Year Built: 1965
  • Lot Size: 0.94 AC / 40,946 SF
Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.4916406115666
  • Geo Longitude: -119.780753169312
  • Geo Quality: 1.0
  • Geo Zoom Level: 17.0
  • Geo Match Code: 3
  • Geo Matched Method: 0
  • Address: 3445-3485 Neil Rd
  • County: Washoe
  • Elementary School: Smithridge
  • Middle School: Pine
  • High School: Damonte
  • Xstreet/Directions: Moana Lane/Neil Rd
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: Yes
  • Sliding Scale: No
  • Taxes $: $5,230.85
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Carport
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1965.0
  • Acreage: 0.94
  • Type of Property: Apartment Complex
  • Parcel #: 02028146
  • Complex Name: Rustic Woods Apartments
  • Gross Square Footage: 11692.0
Property and Assessments
  • Cap Rate: 5.00%
  • Documents On File: Financial Statements, Inventory
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • Assessment $: $.00
  • Associated Document Count: 4
  • LVT Date: 02-16-2022
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Central Refrig A/C, Natural Gas, Forced Air, Varies by Unit
  • Water Heater: Electric
  • Windows: Double Pane, Metal Frame, Single Pane, Varies by Unit, Vinyl 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: None
  • Unit Features: Blinds/Shades, Patio/Deck, Smoke Detector, Varies Per Unit
  • Appliances: Dishwasher, Oven/Range, Refrigerator, Varies Per Unit
  • Laundry: Common, Separate
  • Flooring: Carpet, Laminate, Varies by Unit
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Brick, Stucco, Wood Siding
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Varies by Unit, Water Meter Installed, Internet Available, Cellular Coverage Avail
  • Landscaped: Partially Landscaped, Yes-Full
  • Sprinklers: Automatic, Yes
  • Fenced: Back, Front, Full
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: 1
  • 2 Bedroom - # Units: 12
  • 2 Bedroom - SqFt/Unit: 974
  • 2 Bedroom - Avg Rent/Unit: 1308
  • 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: 2
  • # Units: 12
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $.00
  • Annual Expenses: $41,655.17
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $192,280.00
  • Net Operating Income: $150,624.83
Agent
Showing and Remarks
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 40
  • DOMLS: 40
  • Cumulative DOM: 40
  • Cumulative DOMLS: 40
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Chris Yochum
  • Contact Phone: 775-432-4020
Rental
Rent Information
  • Annual Vacancy: $3,765.60
  • Current Lease: Leases

Property History for 3445-3485 Neil Road

DateEvent & SourcePriceAppreciation
Mar 27, 2022

Sold

NNRMLS #220001858

$3,000,000—
Feb 26, 2022

In Contract

NNRMLS #220001858

—
Feb 25, 2022

Pending

NNRMLS #220001858

—
DateEvent & SourcePrice
03/27/2022

Sold

NNRMLS #220001858

$3,000,000
02/26/2022

In Contract

NNRMLS #220001858

—
02/25/2022

Pending

NNRMLS #220001858

—

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

Schools near 3445-3485 Neil Road

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Smithridge Elementary School
Public - PK to 5
E Otis Vaughn Middle School
Public - 6 to 8
Damonte Ranch High School
Public - 9 to 12
Coral Academy Elementary-Northwest
Charter - K to 5
Rating
School
Distance
Smithridge Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Damonte Ranch High School
Public9 to 12

Coral Academy Elementary-Northwest
CharterK to 5

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: 3445-3485 Neil Road, Reno, NV 89502
$3,000,000
24
11,692
40,946
3445-3448 Neil Road, Reno, NV 89502
$1,900,000
24
11,692
40,946
3445 Neil Road, Reno, NV 89502
–
–
6
5,846
17,468
3421 Neil Road, Reno, NV 89502
–
–
14
10,579
37,897
3485 Neil Road, Reno, NV 89502
–
–
6
5,846
23,392
3564 Mazzone Avenue, Reno, NV 89502
–
–
36
23,232
45,825

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Listing Courtesy of Coldwell Banker Select Reno, Chris Yochum, License #11010

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.