500 North Center Street

Sold 9/17/18
Sold 9/17/18
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Sold
Last Sold Price
$1,665,000
1 bed6,807 sqft$245/sqft
500 N Center St, Reno, NV 89501
Multi FamilyProperty Type
8,276 sq ftLot Size
1966Year Built
$245/sq ftPrice per sq ft
17 carsParking Spaces

Description

Another beautiful Haberae project. Tiny modern downtown apartments in a classic Reno Midcentury building. All tenants are on long term leases. All new windows, new solid birch doors, 22 new silent heating and cooling units, custom window shades, custom tile and lighting. New refrigerator/freezers, cabinets and microwaves. New interior and exterior paint. Resurfaced and striped parking lot. One 1-bedroom unit with full kitchen and 20 efficiency units. 6 reserved carport spaces. Onsite coin-op laundry.Another beautiful Haberae project. Tiny modern downtown apartments in a classic Reno Midcentury building. All tenants are on long term leases. All new windows, new solid birch doors, 22 new silent heating and cooling units, custom window shades, custom tile and lighting. New refrigerator/freezers, cabinets and microwaves. New interior and exterior paint. Resurfaced and striped parking lot. One 1-bedroom unit with full kitchen and 20 efficiency units. 6 reserved carport spaces. Onsite coin-op laundry.
  • Listed by: Barrie Lynn • Ferrari-Lund Real Estate Reno
Listing closed: 09/16/2018 05:00 PM • Source: NNRMLS, MLS#: 180009976

Recent comparable sales

Median sold price

$1,345,000

Avg days on market

214

Sale-to-list ratio

94.2%

Reno, NV

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Location

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

Sold By PEAK Real Estate, Alan Saunders, License #428

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$8,803 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,463

Property Taxes

$340

HOA Dues

$0

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Property Information for 500 North Center Street

Property Details
  • Taxes: $4,083 / year
  • MLS Type: Multi-Family / Apartment Complex
  • County: Washoe County
  • Zoning Actual: MUDR
  • Total Parking Capacity: 17
Building Information
  • Stories: 2
  • Year Built: 1966
  • Lot Size: 0.19 AC / 8,276 SF
Summary
Location and General Information
  • Area: Reno-Downtown Core
  • Zip: 89501
  • Geo Latitude: 39.531684
  • Geo Longitude: -119.813004
  • Geo Quality: 0.95
  • Geo Zoom Level: 16.0
  • Geo Address Line: 500 N Center St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89501
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 500 N Center Street
  • County: Washoe
  • Xstreet/Directions: 5th Street
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: Yes
  • Sliding Scale: No
  • Taxes $: $4,082.89
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Carport, Common, Varies Per Unit
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1966.0
  • Acreage: 0.19
  • Type of Property: Apartment Complex
  • Parcel #: 00750107
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: 21 on Center
  • Gross Square Footage: 6807.0
Property and Assessments
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00750107
  • Construction: Masonry
  • Assessment $: $.00
  • Associated Document Count: 0
  • LVT Date: 07-11-2018
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Forced Air, Natural Gas
  • Water Heater: Natural Gas
  • Windows: Double Pane, Vinyl Frame
  • Facility Features: Central Water Heaters, Landlord Pays Utilities, Master Meter-Electric, Master Meter-Gas, Master Meter-Water, Separate Heating/Cooling
  • Common Features: None
  • Unit Features: Balcony, Blinds/Shades, Keyless Entry, Smoke Detector
  • Appliances: Microwave, Refrigerator, Varies Per Unit
  • Laundry: Common
  • Flooring: Ceramic Tile, Concrete
  • Green Features: None
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Masonry Veneer
  • Roof: Asphalt, Flat
  • Utilities: City Sewer, City/County Water, Electricity, Natural Gas, Water Meter Installed
  • Landscaped: None
  • Sprinklers: None
  • Fenced: Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 0
  • 1 Bedroom - # Units: 1
  • 1 Bedroom - SqFt/Unit: 700
  • 1 Bedroom - Avg Rent/Unit: 700
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 0
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 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: 20
  • Studio - SqFt/Unit: 253
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 709
  • # Buildings: 1
  • # Units: 21
  • Stories: 2 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $.00
  • Annual Expenses: $33,504.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $178,680.00
  • Net Operating Income: $139,812.00
Agent
Showing and Remarks
  • Days to Contract: 1
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 69
  • DOMLS: 68
  • Cumulative DOM: 69
  • Cumulative DOMLS: 68
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Listing agent
  • Contact Phone: 775-544-6744
Rental
Rent Information
  • Annual Vacancy: $5,364.00
  • Current Lease: Leases

Property History for 500 North Center Street

DateEvent & SourcePriceAppreciation
Sep 16, 2018

Sold

NNRMLS #180009976

$1,665,000—
Jul 10, 2018

Pending

NNRMLS #180009976

—
Jul 9, 2018

Listed (Active)

NNRMLS #180009976

$1,665,000—
DateEvent & SourcePrice
09/16/2018

Sold

NNRMLS #180009976

$1,665,000
07/10/2018

Pending

NNRMLS #180009976

—
07/09/2018

Listed (Active)

NNRMLS #180009976

$1,665,000

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

Public Records for 500 North Center Street

Taxable ValueLand$41,160Additions$83,266Total$124,426
Tax Record2021$5,234 ($436 / month)
Home Facts
Total Finished SqFt6,807 SqFtAbove Grade Finished SqFt6,807 SqFtStories2Lot Size8,400 SqFtStyleHotel / MotelYear Built1966ZoningMDEDCountyWASHOEAPN007-501-07

Schools near 500 North Center Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Libby C Booth Elementary School
Public - PK to 5
E Otis Vaughn Middle School
Public - 6 to 8
Earl Wooster High School
Public - 9 to 12
Marvin Picollo School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 500 North Center Street, Reno, NV 89501
$1,665,000
1
–
6,807
8,276
500 University Way, Reno, NV 89501
$1,665,000
–
–
6,807
8,400
501 Lake Street, Reno, NV 89501
$450,000
–
–
7,622
9,100
520 University Way, Reno, NV 89501
$2,790,000
–
–
9,492
12,600
530 University Way, Reno, NV 89501
$540,000
–
–
–
7,000
505 North Center Street, Reno, NV 89501
–
–
–
–
7,500

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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.