1000 Virbel Lane

Reno, NV 89502

$1,600,000
Price
14
Beds
6
Baths
5,795 Sq. Ft.
$276 / Sq. Ft.
5,795
Sq. Ft.
$276
per Sq. Ft.

Description

Virbel Lane apartments represents a great opportunity to acquire multifamily in Reno. This 5 unit complex consists of One (1) Single family home that is a 3bd/2bth/2 car garage remodeled 1691 Square foot home, property also has another detached single family home comprised 2bd/2bth/2 car garage remodeled, 1030 Sq. Ft. built in 1992. In the back of the property you have triplex with One (1) 2bd/2bth remodeled, 784 sq. ft. apartment,Virbel Lane apartments represents a great opportunity to acquire multifamily in Reno. This 5 unit complex consists of One (1) Single family home that is a 3bd/2bth/2 car garage remodeled 1691 Square foot home, property also has another detached single family home comprised 2bd/2bth/2 car garage remodeled, 1030 Sq. Ft. built in 1992. In the back of the property you have triplex with One (1) 2bd/2bth remodeled, 784 sq. ft. apartment,
  1. Listed by Erin Villalobos • Chase International-Sparks

Property Details for 1000 Virbel Lane

Zoning Actual
Mf30
Total Parking Capacity
7

Location

Listing Courtesy of Chase International-Sparks, Erin Villalobos, License #11084
Add your commute
LISTING UPDATED: 04/19/2024 11:11 PM

Property Details for 1000 Virbel Lane

StatusActive
MLS #240004042
Days on Compass15
Taxes$3,556 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1962
Lot Size0.39 AC / 16,988 SF
CountyWashoe County

Location

Listing Courtesy of Chase International-Sparks, Erin Villalobos, License #11084
Add your commute

Building Information for 1000 Virbel Lane

Stories1Residences-Year Built1962Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

$9,028 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1000 Virbel Lane

Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502-6806
  • Geo Latitude: 39.489744
  • Geo Longitude: -119.782906
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 1000 Virbel Ln
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 1000 Virbel Ln
  • County: Washoe
  • Xstreet/Directions: Neil
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $3,556.40
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Garage, Carport, Varies Per Unit
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1962.0
  • Acreage: 0.39
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 02031304
  • Complex Name: 1000 Virbel Apartments
  • Gross Square Footage: 5795.0
Property and Assessments
  • Cap Rate: 5.00%
  • Documents On File: None
  • ADA Compliant: No
  • APOD Available: No
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 04-15-2024
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Varies by Unit
  • Water Heater: Natural Gas
  • Windows: Varies by Unit
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Separate Meters-Water, Primary Meter-Water, Separate Water Heaters, Separate Heating/Cooling, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: Blinds/Shades, Drapes/Curtains, Garage Door Opener, Smoke Detector, Varies Per Unit
  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Varies Per Unit
  • Laundry: Varies Per Unit
  • Flooring: Varies by Unit
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Wood Siding
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Varies by Unit, Water Meter Installed
  • Landscaped: Partially Landscaped, Yes
  • Sprinklers: None
  • Fenced: Back, Varies Per Unit
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: 2
  • 2 Bedroom - # Units: 2
  • 2 Bedroom - SqFt/Unit: 1040
  • 2 Bedroom - Avg Rent/Unit: 1600
  • 3 Bedroom - # Baths: 2
  • 3 Bedroom - # Units: 2
  • 3 Bedroom - SqFt/Unit: 1345
  • 3 Bedroom - Avg Rent/Unit: 1800
  • 4+ Bedroom - # Baths: 2
  • 4+ Bedroom - # Units: 1
  • 4+ Bedroom - SqFt/Unit: 1290
  • 4+Bedroom - Avg Rent/Unit: 1850
  • 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: 3
  • # Units: 5
  • Stories: 1 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $12,169.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $103,220.00
  • Net Operating Income: $89,451.00
Agent
Showing and Remarks
  • Showing Instructions: Other
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 5
  • DOMLS: 5
  • Cumulative DOM: 5
  • Cumulative DOMLS: 5
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Joshua
  • Contact Phone: 775-830-2804
Rental
Rent Information
  • Annual Vacancy: $1,600.00
  • Current Lease: Leases

Property History for 1000 Virbel Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1000 Virbel Lane

Taxable ValueLand$61,250Additions$137,241Total$198,491
Tax Record2023$3,556 ($296 / month)
Home Facts
Baths10Total Finished SqFt2,426 SqFtAbove Grade Finished SqFt2,426 SqFtStories1Lot Size16,945 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978ZoningMF30CountyWASHOEAPN020-313-04

Schools near 1000 Virbel Lane

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 5
Rating
School
Distance
Smithridge Elementary School
PublicPK to 5

Edward L Pine Middle School
Public6 to 8

Damonte Ranch High School
Public9 to 12

Mariposa Academy Charter School
CharterPK 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.

Similar Homes

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Similar Sold Homes

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1000 Virbel Lane is a multi-family home for sale in Reno, NV 89502. This property was listed for sale on April 15, 2024 by Chase International-Sparks, it's currently listed at $1,600,000. It has been on the market for a total of 15 days and was last sold on August 26, 2016. This listing's school district is Washoe County School District. Nearby schools include Smithridge Elementary School, Edward L Pine Middle School and Damonte Ranch High School. 1000 Virbel Lane is a 14-bed, 6-bath, 5,795 sqft multi-family home built in 1962.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chase International-Sparks, Erin Villalobos, License #11084

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.