301 East Grove Street, Unit 2

Reno, NV 89502

$345,000
Last Sold Price
5
Beds
2
Baths
1,765 Sq. Ft.
$195 / Sq. Ft.
1,765
Sq. Ft.
$195
per Sq. Ft.

Description

Centrally located investment property with development potential. Corner lot makes access additional units very easy. Three bedroom, one bath unit has a one year lease at $2000 per month. Back unit leased at $1500 per month. Seller pays water garbage and sewer. Please do not disturb tenant. This is an " as is " property . Needs a little love. The pictures in MLS are of the back unit only.Centrally located investment property with development potential. Corner lot makes access additional units very easy. Three bedroom, one bath unit has a one year lease at $2000 per month. Back unit leased at $1500 per month. Seller pays water garbage and sewer. Please do not disturb tenant. This is an " as is " property . Needs a little love. The pictures in MLS are of the back unit only.
  1. Listed by Marie Stewart • ERA - Realty Central

Property Details for 301 East Grove Street, Unit 2

Zoning Actual
MF30
Total Parking Capacity
2

Location

Listing Courtesy of ERA - Realty Central, Marie Stewart, License #2631

Sold By Reno Real Estate, Victor Corona, License #15840

Add your commute
LISTING UPDATED: 02/29/2024 04:34 PM

Property Details for 301 East Grove Street, Unit 2

StatusSold
MLS #230006130
Days on Compass265
Taxes$635 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex/ Triplex/ 4-Plex
Year Built1936
Lot Size0.17 AC / 7,405 SF
CountyWashoe County

Location

Listing Courtesy of ERA - Realty Central, Marie Stewart, License #2631

Sold By Reno Real Estate, Victor Corona, License #15840

Add your commute

Building Information for 301 East Grove Street, Unit 2

Stories1Residences-Year Built1936Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$1,936 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,883

Property Taxes

$53

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 301 East Grove Street, Unit 2

Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.50114
  • Geo Longitude: -119.793453
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 301 E Grove St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 301 E Grove
  • County: Washoe
  • Elementary School: Loder
  • Middle School: Vaughn
  • High School: Wooster
  • Xstreet/Directions: Kietzke to Grove
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: Yes
  • Sliding Scale: No
  • Taxes $: $635.00
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: None
Virtual Tour
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1936.0
  • Acreage: 0.17
  • Type of Property: Duplex Triplex 4-Plex
  • Parcel #: 01528158
  • Complex Name: na
  • Gross Square Footage: 1765.0
Property and Assessments
  • Cap Rate: 10.00%
  • Documents On File: None
  • ADA Compliant: No
  • APOD Available: No
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 06-09-2023
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas, Wall Heater
  • Water Heater: Electric
  • Windows: Varies by Unit
  • Facility Features: Separate Meters-Electric, Separate Water Heaters
  • Common Features: None, Fire Alarm
  • Unit Features: None
  • Appliances: Oven/Range, Refrigerator
  • Laundry: Varies Per Unit
  • Flooring: Varies by Unit
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Asbestos, Masonry Veneer
  • Roof: Composition/Shingle, Pitched
  • Utilities: City Sewer, Electricity, Natural Gas
  • Landscaped: None
  • Sprinklers: None
  • Fenced: None
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: 1
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 785
  • 2 Bedroom - Avg Rent/Unit: 1500
  • 3 Bedroom - # Baths: 1
  • 3 Bedroom - # Units: 1
  • 3 Bedroom - SqFt/Unit: 980
  • 3 Bedroom - Avg Rent/Unit: 2000
  • 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: 2
  • Stories: 1 Story
  • Unit #: 2
Income & Expenses
  • Annual Debt Service: $7,522.00
  • Annual Expenses: $3,550.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $42,000.00
  • Net Operating Income: $36,350.00
Agent
Showing and Remarks
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 265
  • DOMLS: 265
  • Cumulative DOM: 265
  • Cumulative DOMLS: 265
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Marie Stewart
  • Contact Phone: 7757623477
Rental
Rent Information
  • Annual Vacancy: $2,100.00
  • Current Lease: Leases

Property History for 301 East Grove Street, Unit 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 301 East Grove Street, Unit 2

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
Charter - K to 6
Rating
School
Distance
Echo Loder Elementary School
PublicPK to 6

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster 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.

Similar Homes

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Similar Sold Homes

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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 ERA - Realty Central, Marie Stewart, License #2631

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.