955 Berrum Lane

Closed 10/30/17
Closed 10/30/17
Photo 1
Last Sold Price
$370,000
4 beds2 baths1,884 sqft$196/sqft
955 Berrum Ln, Reno, NV 89509

Description

955 Berrum Lane is a unique opportunity for an investor to buy a stabilized asset in the growing Reno/Sparks market. Both units have had the interiors completely remodeled with new appliances, new flooring, new dual pane windows, new energy efficient gas forced air heaters, and a more modern décor. Each unit is approximately 942 +/- square feet and has a 1 car garage with washer dryer hookups as well as a fenced yard area., These duplex units are leased on 1 year leases and are rented for $1,350...955 Berrum Lane is a unique opportunity for an investor to buy a stabilized asset in the growing Reno/Sparks market. Both units have had the interiors completely remodeled with new appliances, new flooring, new dual pane windows, new energy efficient gas forced air heaters, and a more modern décor. Each unit is approximately 942 +/- square feet and has a 1 car garage with washer dryer hookups as well as a fenced yard area., These duplex units are leased on 1 year leases and are rented for $1,350 and $1,400 per month. The property is professionally managed and the current manager would continue to manage the property for a new owner. Do not disturb the tenants. Showings only with an accepted offer. The property is a short distance to Anderson Elementary, Virginia Lake, The Peppermill Hotel Casino Resort, and many other shopping opportunities. According to the 2nd quarter 2017 Johnson Perkins Griffin Apartment Survey Report, vacancy in the Brinkby/Grove submarket where the property is located is 0.74%.
LISTING CLOSED: 10/30/2017 12:00 AM

  1. Listed by Kathryn Lynne Galles • Keller Williams Group One Inc.
    P: (775)-336-3800 Katie.galles@outlook.com

Property Details for 955 Berrum Lane

Status
Closed
MLS #
170011595
Days on Compass
84
Taxes
$874 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1959
Lot Size
0.16 AC / 6,969 SF
County
Washoe County
Zoning
MF-30
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Location

Listing Courtesy of Keller Williams Group One Inc., Kathryn Lynne Galles, License #11867-p

Sold By Real Estate of Reno Sparks, Kelly Richmond, License #S.63483

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Building Information for 955 Berrum Lane

Stories1Residences2Year Built1959Building Size-Lot Size0.16 AC / 6,969 SF

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$1,953 per month

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Principal and Interest

$1,881

Property Taxes

$73

HOA Dues

$0

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Property Information for 955 Berrum Lane

Summary
Location and General Information
  • Directions: Lakeside Drive
  • Address:Parcel Number: 01930319
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $874
  • Tax Legal:Tax Annual Amount: $874
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF-30
  • Tax Legal:Directions: Lakeside Drive
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: Yes
  • Parking Features: Attached, Common, Garage, Garage Door Opener
  • Parking Total: 4.0
  • Parking Information:Parking Total: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Common: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 1884.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 01930319
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1959
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Separate Water Heaters YN: No
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: No
  • Meter Information:One Primary Water Meter YN: No
Interior and Exterior Features
Exterior Features
  • Stories: 1
  • Construction Materials: Brick
  • Fencing: Partial
  • Foundation Details: Crawl Space
  • Roof: Pitched, Shake, Wood
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Double Pane Windows
  • Building:Number Of Units Total: 2.0
  • Building:Stories: 1.0
  • Construction Materials:Brick: Yes
  • Fencing:Partial: Yes
  • Foundation Details:Crawl Space: Yes
  • Roof:Pitched: Yes
  • Roof:Shake: Yes
  • Roof:Wood: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:None: Yes
  • Window Features:Blinds: Yes
  • Window Features:Double Pane Windows: Yes
Interior Features
  • Flooring: Carpet
  • Heating: Natural Gas
  • Heating YN: Yes
  • Laundry Features: Washer Hookup
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Gas Range, Refrigerator
  • Interior:Building Area Total: 1884.0
  • Interior:Building Area Source: Assessor
  • Flooring:Carpet: Yes
  • Heating:Natural Gas: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $10,289
  • Gross Scheduled Income: $33,000
  • Net Operating Income: $21,721
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Gross Scheduled Income: $33,000
  • Income and Expenses:Net Operating Income: $21,721
  • Income and Expenses:Total Annual Expenses: $10,289
  • Income and Expenses:Vacancy Allowance: $990
Multi Family Information
  • Number Of Units Total: 2

Property History for 955 Berrum Lane

DateEvent & SourcePriceAppreciation
Oct 30, 2017

Sold

NNRMLS #170011595

$370,000—
Oct 27, 2017

Sold (Public Record)

Public Record #608286861

$370,000

+64.2% / yr

Sep 18, 2017

Pending

NNRMLS #170011595

—
DateEvent & SourcePrice
10/30/2017

Sold

NNRMLS #170011595

$370,000
10/27/2017

Sold (Public Record)

Public Record #608286861

$370,000

+64.2% / yr

09/18/2017

Pending

NNRMLS #170011595

—

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

Public Records for 955 Berrum Lane

Taxable ValueLand$60,095Additions$26,757Total$86,852
Tax Record2025$1,444 ($120 / month)
Home Facts
Baths2Total Finished SqFt1,884 SqFtAbove Grade Finished SqFt1,884 SqFtStories1Lot Size6,752 SqFtStyleDuplexYear Built1959ZoningMF30CountyWASHOEAPN019-303-19Fireplace TypeHas Fireplace

Schools near 955 Berrum Lane

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Anderson Elementary School
Public - PK to 5
Darrell C Swope Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Bailey Charter School
Charter - K to 6
Rating
School
Distance
Anderson Elementary School
PublicPK to 5

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Bailey Charter School
CharterK to 6

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: 955 Berrum Lane, Reno, NV 89509
$370,000
4
2
1,884
6,969
955-957 Berrum Lane, Reno, NV 89509
$255,000
4
2
1,884
6,969
975 Berrum Lane, Reno, NV 89509
$670,000
–
2
1,748
6,752
975-977 Berrum Lane, Reno, NV 89509
$670,000
4
2
1,748
6,969
900 Eden Court, Reno, NV 89509
$600,000
–
6
4,632
6,186
950 Eden Court, Reno, NV 89509
$361,500
–
2
1,587
9,017

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Group One Inc., Kathryn Lynne Galles, License #11867-p

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.