820 Spokane Street

Sold 5/16/17
Sold 5/16/17
Gallery Image 1
Last Sold Price
$700,000
7 beds4,665 sqft$150/sqft
820 Spokane St, Reno, NV 89512

Description

Excellent investment opportunity at a 6.5% Cap Rate. North Spokane Street near the Reno Fairgrounds and in the path of UNR's expansion. Long-term, low maintenance tenants with Reno Housing Authority. 1 Studio at ~$470, 6 1-bedrooms at $635/mo and One 1-Bedroom at $725 (tenant has apartment and office rented out). Additional Income includes the 2-car garage rented at $200/mo and laundry at ~$200/mo. Tremendous opportunity to build out garage into one or two more units for added income and value.Excellent investment opportunity at a 6.5% Cap Rate. North Spokane Street near the Reno Fairgrounds and in the path of UNR's expansion. Long-term, low maintenance tenants with Reno Housing Authority. 1 Studio at ~$470, 6 1-bedrooms at $635/mo and One 1-Bedroom at $725 (tenant has apartment and office rented out). Additional Income includes the 2-car garage rented at $200/mo and laundry at ~$200/mo. Tremendous opportunity to build out garage into one or two more units for added income and value.
LISTING CLOSED: 05/15/2017 05:00 PM

  1. Listed by Riley Harrison • RE/MAX Premier Properties

Property Details for 820 Spokane Street

Status
Sold
MLS #
170000114
Days on Compass
133
Taxes
$2,271 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family / Apartment Building (up to 8 Units)
Year Built
1961
Lot Size
0.24 AC / 10,454 SF
County
Washoe County
Zoning Actual
MUUN
Total Parking Capacity
5

Recent comparable sales

Median sold price

$780,000

Avg days on market

188

Sale-to-list ratio

88.4%

Reno, NV

9 comparable properties found

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Acres

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1022 Haskell Street, Reno, NV 89509

$640,000 | 2285 Patton Drive, Reno, NV 89512
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1555 Nixon Avenue, Reno, NV 89509

$1,025,000 | 416 Roberts Street, Reno, NV 89502
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Bedrooms
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Location

Listing Courtesy of RE/MAX Premier Properties, Riley Harrison, License #9775

Sold By Dickson Realty - Damonte Ranch, Joseph Wieczorek, License #8469

Add your commute

Building Information for 820 Spokane Street

Stories2Residences-Year Built1961Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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$3,747 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,558

Property Taxes

$189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 820 Spokane Street

Summary
Location and General Information
  • Area: Reno-North
  • Zip: 89512
  • Geo Latitude: 39.5376167297363
  • Geo Longitude: -119.800422668457
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 820 Spokane St
  • Geo Primary City: Reno
  • Geo Secondary City: Washoe Co.
  • Geo Subdivision: NV
  • Geo Postal Code: 89512
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 820 Spokane St
  • County: Washoe
  • Xstreet/Directions: N Wells Ave, Right on E 9th St, Right on Spokane
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $2,270.73
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1961.0
  • Acreage: 0.24
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 00816426
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: Spokane Apartments
  • Gross Square Footage: 4665.0
Property and Assessments
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00816426
  • Construction: Wood Frame
  • Assessment $: $.00
  • HUD: No
  • Associated Document Count: 2
  • LVT Date: 01-03-2017
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Electric, Forced Air, Natural Gas, Wall Heater
  • Water Heater: Natural Gas
  • Windows: Double Pane, Metal Frame
  • Facility Features: Landlord Pays Utilities, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: Alley Access
  • Unit Features: Blinds/Shades
  • Appliances: Oven/Range, Refrigerator
  • Laundry: Common
  • Flooring: Carpet, Laminate, Sheet Vinyl
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Vinyl Siding, Wood Siding
  • Roof: Asphalt, Composition/Shingle, Flat, Pitched
  • Utilities: City Sewer, City/County Water, Electricity, Natural Gas, Telephone, Water Meter Installed
  • Landscaped: None
  • Sprinklers: None
  • Fenced: Front, Partial
Room
  • Studio - # Baths: 1
  • 1 Bedroom - # Baths: 7
  • 1 Bedroom - # Units: 7
  • 1 Bedroom - SqFt/Unit: 620
  • 1 Bedroom - Avg Rent/Unit: 657
  • 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: 1
  • Studio - SqFt/Unit: 325
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 470
  • # Buildings: 1
  • # Units: 8
  • Stories: 2 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Expenses: $16,158.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $65,640.00
  • Net Operating Income: $49,482.00
Agent
Showing and Remarks
  • Days to Contract: 89
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 133
  • DOMLS: 133
  • Cumulative DOM: 133
  • Cumulative DOMLS: 133
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Riley Harrison
  • Contact Phone: 530.718.6929
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 820 Spokane Street

DateEvent & SourcePriceAppreciation
May 15, 2017

Sold

NNRMLS #170000114

$700,000—
May 13, 2017

Sold (Public Record)

Public Record #596813389

$700,000

+41.7% / yr

Apr 18, 2017

Pending

NNRMLS #170000114

—
DateEvent & SourcePrice
05/15/2017

Sold

NNRMLS #170000114

$700,000
05/13/2017

Sold (Public Record)

Public Record #596813389

$700,000

+41.7% / yr

04/18/2017

Pending

NNRMLS #170000114

—

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

Public Records for 820 Spokane Street

Taxable ValueLand$77,000Additions$41,866Total$118,866
Tax Record2025$2,368 ($197 / month)
Home Facts
Baths8.5Total Finished SqFt4,665 SqFtAbove Grade Finished SqFt4,665 SqFtStories2Lot Size10,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961Year Renovated1974ZoningMUCountyWASHOEAPN008-164-26

Schools near 820 Spokane Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Glenn Duncan Elementary School
Public - PK to 5
Fred W Traner Middle School
Public - 6 to 8
Procter R Hug High School
Public - 9 to 12
Coral Academy Middle School
Charter - 5 to 8
Rating
School
Distance
Glenn Duncan Elementary School
PublicPK to 5

Fred W Traner Middle School
Public6 to 8

Procter R Hug 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 820 Spokane Street, Reno, NV 89512
$700,000
7
4,665
10,454
820 Spokane Street, Unit 8, Reno, NV 89512
$395,000
3
4,655
455,376,240
826 Spokane Street, Reno, NV 89512
$484,000
–
6
4,704
7,000
826 Spokane Street, Unit 6, Reno, NV 89512
$484,000
12
4,705
6,969
800 Spokane Street, Reno, NV 89512
$230,000
3
1,044
7,840
836 Spokane Street, Reno, NV 89512
–
2
1
1,039
7,318

Explore Nearby Homes

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Listing Courtesy of RE/MAX Premier Properties, Riley Harrison, License #9775

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.