635 Plumas Street

Reno, NV 89509

$2,700,000
Price
8
Beds
1
Bath
4,212 Sq. Ft.
$641 / Sq. Ft.
4,212
Sq. Ft.
$641
per Sq. Ft.

Description

The Mod Midtown is a rare opportunity to purchase a completely renovated 8-plex located in Reno’s premium apartment rental market, Midtown Reno. The extensive floor to ceiling renovation was completed in 2021 to include new modern upgrades including kitchens, bathrooms, flooring, highly valuable mini split heating and AC units in each apartment and other smart features including smart locks. Please request a full marketing package from the listing agent for all the details.The Mod Midtown is a rare opportunity to purchase a completely renovated 8-plex located in Reno’s premium apartment rental market, Midtown Reno. The extensive floor to ceiling renovation was completed in 2021 to include new modern upgrades including kitchens, bathrooms, flooring, highly valuable mini split heating and AC units in each apartment and other smart features including smart locks. Please request a full marketing package from the listing agent for all the details.

Property Details for 635 Plumas Street

Zoning Actual
MU-RES
Total Parking Capacity
8

Location

Listing Courtesy of Address Income, Trevor Richardson, License #12756
Add your commute
LISTING UPDATED: 05/08/2024 11:11 PM

Property Details for 635 Plumas Street

StatusActive
MLS #240005127
Days on Compass27
Taxes$4,774 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1980
Lot Size0.16 AC / 6,969 SF
CountyWashoe County

Location

Listing Courtesy of Address Income, Trevor Richardson, License #12756
Add your commute

Building Information for 635 Plumas Street

Stories2Residences-Year Built1980Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$15,133 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$398

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 635 Plumas Street

Summary
Location and General Information
  • Area: Reno-Old Southwest
  • Zip: 89509
  • Geo Latitude: 39.518343
  • Geo Longitude: -119.813068
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 635 Plumas St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89509
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 635 Plumas St
  • County: Washoe
  • Elementary School: Mount Rose
  • Middle School: Swope
  • High School: Reno
  • Xstreet/Directions: St. Lawrence
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: Yes
  • Taxes $: $4,773.85
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1980.0
  • Acreage: 0.16
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 01122206
  • Complex Name: The Mod Midtown
  • Gross Square Footage: 4212.0
Property and Assessments
  • Cap Rate: 4.00%
  • Documents On File: Financial Statements
  • ADA Compliant: Yes
  • APOD Available: Yes
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 05-04-2024
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Central Refrig A/C, Natural Gas, Forced Air, Wall Heater
  • Water Heater: Varies by Unit
  • Windows: Double Pane
  • Facility Features: Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas
  • Common Features: Alley Access
  • Unit Features: Blinds/Shades, Varies Per Unit
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Varies Per Unit, Washer
  • Laundry: Varies Per Unit
  • Flooring: Laminate
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Wood Siding
  • Roof: Pitched
  • Utilities: City/County Water, Natural Gas
  • Landscaped: Yes
  • Sprinklers: None
  • Fenced: Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 8
  • 1 Bedroom - SqFt/Unit: 526
  • 1 Bedroom - Avg Rent/Unit: 1420
  • 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: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 8
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $29,335.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $136,320.00
  • Net Operating Income: $111,176.00
Agent
Showing and Remarks
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 5
  • DOMLS: 5
  • Cumulative DOM: 5
  • Cumulative DOMLS: 5
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Trevor Richardson
  • Contact Phone: 775 233 0754
Rental
Rent Information
  • Annual Vacancy: $4,090.00
  • Current Lease: Leases

Property History for 635 Plumas Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 635 Plumas Street

Taxable ValueLand$113,750Additions$56,514Total$170,264
Tax Record2023$4,774 ($398 / month)
Home Facts
Baths8Total Finished SqFt4,706 SqFtAbove Grade Finished SqFt4,212 SqFtFinished Basement SqFt494 SqFtStories2Lot Size7,013 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980ZoningMURESCountyWASHOEAPN011-222-06

Schools near 635 Plumas Street

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

Darrell C Swope 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.

Similar Homes

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Similar Sold Homes

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635 Plumas Street is a multi-family home for sale in Reno, NV 89509. This property was listed for sale on May 4, 2024 by Address Income, it's currently listed at $2,700,000. It has been on the market for a total of 27 days and was last sold on July 6, 2020. This listing's school district is Washoe County School District. Nearby schools include Mount Rose Elementary School, Darrell C Swope Middle School and Reno High School. 635 Plumas Street is a 8-bed, 1-bath, 4,212 sqft multi-family home built in 1980.

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 Address Income, Trevor Richardson, License #12756

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.