237 University Terrace

Reno, NV 89503

$575,000
Last Sold Price
7
Beds
4
Baths
2,727 Sq. Ft.
$211 / Sq. Ft.
2,727
Sq. Ft.
$211
per Sq. Ft.

Description

Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary’s Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno “Zoning OVERLAY.” The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no...Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary’s Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno “Zoning OVERLAY.” The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no repairs.
  1. Listed by Jeffrey Loftin • Dickson Realty - Downtown

Property Details for 237 University Terrace

Zoning Actual
MF30
Total Parking Capacity
5

Location

Listing Courtesy of Dickson Realty - Downtown, Jeffrey Loftin, License #12119

Sold By Dickson Realty - Downtown, Jeffrey Loftin, License #12119

Add your commute
LISTING UPDATED: 04/24/2024 02:32 PM

Property Details for 237 University Terrace

StatusSold
MLS #220016375
Days on Compass491
Taxes$1,727 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex/ Triplex/ 4-Plex
Year Built1910
Lot Size0.13 AC / 5,662 SF
CountyWashoe County

Location

Listing Courtesy of Dickson Realty - Downtown, Jeffrey Loftin, License #12119

Sold By Dickson Realty - Downtown, Jeffrey Loftin, License #12119

Add your commute

Building Information for 237 University Terrace

Stories2Residences-Year Built1910Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$3,282 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$144

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 University Terrace

Summary
Location and General Information
  • Area: Reno-Old Northwest
  • Zip: 89503
  • Geo Latitude: 39.535156
  • Geo Longitude: -119.819695
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 237 University Ter
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89503
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 237 University Terrace
  • County: Washoe
  • Xstreet/Directions: N Sierra & University Terr
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $1,727.05
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Tandem, Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1910.0
  • Acreage: 0.13
  • Type of Property: Duplex Triplex 4-Plex
  • Parcel #: 00717119
  • Complex Name: 237 University Terrace
  • Gross Square Footage: 2727.0
Property and Assessments
  • Cap Rate: 5.00%
  • Documents On File: Appraisal
  • ADA Compliant: No
  • APOD Available: No
  • Construction: Masonry
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 11-17-2022
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Electric, Fireplace, No Heat, Varies by Unit
  • Water Heater: Electric
  • Windows: Single Pane, Varies by Unit
  • Facility Features: Primary Meter-Gas, Primary Meter-Electric, Primary Meter-Water, Central Water Heaters
  • Common Features: Alley Access, Storage Shed
  • Unit Features: Blinds/Shades, Smoke Detector, Varies Per Unit
  • Appliances: Varies Per Unit
  • Laundry: Hook-Up, Varies Per Unit
  • Flooring: Carpet, Vinyl Tile, Wood, Varies by Unit
Exterior Features
  • Foundation: Basement/Unfinished
  • Exterior: Masonry Veneer, Wood Siding
  • Roof: Composition/Shingle, Flat, Pitched
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed, Internet Available, Cellular Coverage Avail
  • Landscaped: Partially Landscaped, Yes
  • Sprinklers: Drip-Front
  • Fenced: Partial, Varies Per Unit
Room
  • Studio - # Baths: 1
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 1
  • 1 Bedroom - SqFt/Unit: 300
  • 1 Bedroom - Avg Rent/Unit: 780
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 1104
  • 2 Bedroom - Avg Rent/Unit: 2500
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 1
  • 4+ Bedroom - # Units: 1
  • 4+ Bedroom - SqFt/Unit: 1104
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 1
  • Studio - SqFt/Unit: 219
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 600
  • # Buildings: 1
  • # Units: 3
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $6,221.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $46,560.00
  • Net Operating Income: $38,011.00
Agent
Showing and Remarks
  • Days to Contract: 467
  • Showing Instructions: ShowingTime
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 491
  • DOMLS: 491
  • Cumulative DOM: 515
  • Cumulative DOMLS: 515
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Jeffrey Loftin
  • Contact Phone: 775-468-7325
Rental
Rent Information
  • Annual Vacancy: $2,328.00
  • Current Lease: Month to Month

Property History for 237 University Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 237 University Terrace

Taxable ValueLand$61,250Additions$27,766Total$89,016
Tax Record2023$1,864 ($155 / month)
Home Facts
Baths2Total Finished SqFt2,727 SqFtAbove Grade Finished SqFt1,623 SqFtFinished Basement SqFt1,104 SqFtStories1Lot Size5,750 SqFtStyleTriplexYear Built1910ZoningMF30CountyWASHOEAPN007-171-19

Schools near 237 University Terrace

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

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Washoe Innovations Academy
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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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 Dickson Realty - Downtown, Jeffrey Loftin, License #12119

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.