770 Montello St

Reno, NV 89512

$550,000
Last Sold Price
5
Beds
2,050 Sq. Ft.
$268 / Sq. Ft.
2,050
Sq. Ft.
$268
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 12/1/21
Sold 12/1/21
a front view of a house with a yard
a kitchen with granite countertop a refrigerator a sink and a stove
a view of a room with wooden floor and window
a bathroom with a sink a toilet and bathtub
a kitchen with a stove a refrigerator and a sink
a view of a kitchen with wooden floor and refrigerator
an empty room with wooden floor and windows
a bathroom with a toilet and a tub
a view of an empty room with wooden floor
a view of a room with wooden floor and window

Description

Great investment opportunity in a cul-da-sac. With a 6%cap rate. Long term tenants. 4 units on 1 year lease, 1 unit month to month. Close to bus lines and freeway. Close to downtown Reno and Sparks. These affordable rentals always are in high demand and never sit vacant long. Rents are currently lower than market average. 4 of 5 have been fully remodeled. Do not disturb tenants. All showings will be made with an accepted offer. Owner is a licensed real estate agent.Great investment opportunity in a cul-da-sac. With a 6%cap rate. Long term tenants. 4 units on 1 year lease, 1 unit month to month. Close to bus lines and freeway. Close to downtown Reno and Sparks. These affordable rentals always are in high demand and never sit vacant long. Rents are currently lower than market average. 4 of 5 have been fully remodeled. Do not disturb tenants. All showings will be made with an accepted offer. Owner is a licensed real estate agent.
  1. Listed by Rod O'Connor • Realty World Ballard Company

Property Details for 770 Montello Street

Zoning Actual
MUE4
Total Parking Capacity
5
LISTING UPDATED: 12/01/2021 05:33 PM

Property Details for 770 Montello Street

StatusSold
MLS #210010910
Days on Compass66
Taxes$1,074 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1948
Lot Size0.15 AC / 6,534 SF
CountyWashoe County
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Location

Listing Courtesy of Realty World Ballard Company, Rod O'Connor, License #10580

Sold By Keller Williams Group One Inc., Gayle Heron Wilson, License #7454

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Building Information for 770 Montello Street

Stories1Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

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$2,859 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,770

Property Taxes

$90

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 770 Montello Street

Summary
Location and General Information
  • Area: Reno-Downtown Core
  • Zip: 89512
  • Geo Latitude: 39.536164
  • Geo Longitude: -119.794948
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 770 Montello St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89512
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 770 Montello
  • County: Washoe
  • Elementary School: Booth
  • Middle School: Traner
  • High School: Wooster
  • Xstreet/Directions: Sutro, 7th, Montello
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $1,074.00
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Varies Per Unit
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1948.0
  • Acreage: 0.15
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 00833209
  • Complex Name: not named
  • Gross Square Footage: 2050.0
Property and Assessments
  • Cap Rate: 6.00%
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00833209
  • Construction: Wood Frame
  • Assessment $: $.00
  • Associated Document Count: 2
  • LVT Date: 07-26-2021
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Wall Heater
  • Water Heater: Natural Gas
  • Windows: Double Pane, 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, Smoke Detector
  • Appliances: Microwave, Oven/Range, Refrigerator, Varies Per Unit
  • Laundry: None
  • Flooring: Laminate, Varies by Unit, Vinyl Tile
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Asbestos, Wood Siding
  • Roof: Composition/Shingle, Pitched
  • Utilities: City Sewer, Electricity, Natural Gas, Internet Available
  • Landscaped: Partially Landscaped
  • Sprinklers: Automatic, Front, Yes
  • Fenced: Back
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 5
  • 1 Bedroom - # Units: 5
  • 1 Bedroom - SqFt/Unit: 410
  • 1 Bedroom - Avg Rent/Unit: 750
  • 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: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 5
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $13,884.00
  • Annual Expenses: $8,538.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $46,500.00
  • Net Operating Income: $37,962.00
Agent
Showing and Remarks
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 66
  • DOMLS: 66
  • Cumulative DOM: 66
  • Cumulative DOMLS: 66
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Roderick O'Connor
  • Contact Phone: 775-772-8655
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 770 Montello Street

DateEvent & SourcePriceAppreciation
Nov 30, 2021

Sold

NNRMLS #210010910

$550,000—
Nov 29, 2021

Sold (Public Record)

Public Record #1478119916

$550,000

+15.9% / yr

Sep 29, 2021

Expired

NNRMLS #210010910

—
Sep 20, 2021

Pending

NNRMLS #210010910

—
Sep 20, 2021

In Contract

NNRMLS #210010910

—
Aug 4, 2021

Price Change

NNRMLS #210010910

$600,000—
Jul 25, 2021

Listed (Active)

NNRMLS #210010910

$650,000—
Mar 17, 2017

Sold (Public Record)

Public Record #591203008

$275,000

+0.8% / yr

Mar 16, 2017

Sold

NNRMLS #160015005

$275,000—
Jan 30, 2017

Pending

NNRMLS #160015005

—
Oct 5, 2016

Listed (Active)

NNRMLS #160015005

$325,000—
Mar 7, 2005

Sold (Public Record)

Public Record #153339538

$250,000—
DateEvent & SourcePrice
11/30/2021

Sold

NNRMLS #210010910

$550,000
11/29/2021

Sold (Public Record)

Public Record #1478119916

$550,000

+15.9% / yr

09/29/2021

Expired

NNRMLS #210010910

—
09/20/2021

Pending

NNRMLS #210010910

—
09/20/2021

In Contract

NNRMLS #210010910

—
08/04/2021

Price Change

NNRMLS #210010910

$600,000
07/25/2021

Listed (Active)

NNRMLS #210010910

$650,000
03/17/2017

Sold (Public Record)

Public Record #591203008

$275,000

+0.8% / yr

03/16/2017

Sold

NNRMLS #160015005

$275,000
01/30/2017

Pending

NNRMLS #160015005

—
10/05/2016

Listed (Active)

NNRMLS #160015005

$325,000
03/07/2005

Sold (Public Record)

Public Record #153339538

$250,000

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

Public Records for 770 Montello Street

Taxable ValueLand$44,625Additions$16,932Total$61,557
Tax Record2025$1,318 ($110 / month)
Home Facts
Baths5Total Finished SqFt2,050 SqFtAbove Grade Finished SqFt2,050 SqFtStories1Lot Size6,793 SqFtStyleMulti-Family Dwelling (2-4)Year Built1948ZoningMUCountyWASHOEAPN008-332-09

Schools near 770 Montello 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
Coral Academy Middle School
Charter - 5 to 8
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

Coral Academy Middle School
Charter5 to 8

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty World Ballard Company, Rod O'Connor, License #10580

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.