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540 W 2nd St

Reno, NV 89503
  • $1,250,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 240005321
UPDATED: 90 min ago
$1,250,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,093
    SQFT
  • $305
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1914
County:

School Information

Elementary School:
Middle School:
High School:

Description

Unique opportunity to own a newly renovated, fully furnished, 5 unit building located blocks from downtown Reno. Units have high ceilings, appliances, tasteful decor, and lots of charm. The fully landscaped outdoor space features a hot tub, artificial grass, lighting, and covered awnings. New heating and cooling systems were installed in 2017. This property has tons of historical character, with modern upgrades and finishing. The owners have meticulously curated almost every aspect of the building, and the running of their rental business. Most of the building is rented out for short term occupants, who consistently leave 5 star reviews. There is also one long term month-to-month tenant. A slew of resources are available to the next owner, if needed, including a staff who takes care of reservation and cleaning. The building has a built in hospitable reputation.

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Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-20T22:19:52.737.
www.vaulethomes.com/homes/150300730
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540 W 2nd St Reno, NV 89503

  • Price: $1,250,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 90 min ago
  • MLS #: 240005321
0
Beds
0
Baths
0
½ Baths
0.16
Acres
4,093
SQFT
$305
$/SQFT
1914
Built
Neighborhood:
Reno-Downtown Core
County:
Washoe
Area:
Reno-Downtown Core
Elementary School:
Hunter Lake
Middle School:
Swope
High School:
Reno
Property Description
Unique opportunity to own a newly renovated, fully furnished, 5 unit building located blocks from downtown Reno. Units have high ceilings, appliances, tasteful decor, and lots of charm. The fully landscaped outdoor space features a hot tub, artificial grass, lighting, and covered awnings. New heating and cooling systems were installed in 2017. This property has tons of historical character, with modern upgrades and finishing. The owners have meticulously curated almost every aspect of the building, and the running of their rental business. Most of the building is rented out for short term occupants, who consistently leave 5 star reviews. There is also one long term month-to-month tenant. A slew of resources are available to the next owner, if needed, including a staff who takes care of reservation and cleaning. The building has a built in hospitable reputation.
Exterior Features

Construction Wood Frame Exterior Vinyl Siding Fenced Back Foundation Basement/UnfinishedStone Landscaped Fully Landscaped Parking Capacity 4 Parking Types CommonDetachedGarage Roof Composition/ShinglePitched Sprinklers AutomaticDrip-BackFrontYes

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 550 2 Bedroom Baths 1 2 Bedroom Sq Ft 650 3 Bedroom Baths 2 3 Bedroom Sq Ft 2000 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DishwasherDryerOven/RangeRefrigeratorVaries Per UnitWasher Flooring CarpetLaminateSheet VinylVaries by UnitWood Heating Cooling Air UnitElectric Laundry CommonHallVaries Per Unit Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 1 Studio Sq Ft 350 Unit Features BalconyBlinds/ShadesDrapes/CurtainsFurnishedSmoke DetectorVaries Per Unit Water Heater Electric Windows Double Pane

Property Features

1 Bedroom Avg Rent Per Unit 1650 1 Bedroom Units 1 2 Bedroom Avg Rent Per Unit 2100 2 Bedroom Units 1 3 Bedroom Avg Rent Per Unit 2500 3 Bedroom Units 1 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 55440 Annual Income And Expenses Pro Forma Annual Vacancy 33600 Apod Available Yes Ccr Restrictions No Common Features BBQ/Picnic AreaSpa/Hot TubStorage Shed Documents On File Financial Statements Facility Features Central Water HeatersSeparate Heating/CoolingSeparate Meters-ElectricSeparated Meters-GasTenant Pays Utilities Green Feature Double Pane Windows Green Features None Gross Scheduled Income 168000 Multifamily Type Apartment Building (up to 8 Unit Net Operating Income 78960 Owners May Sell CashConventionalExchange 1031 Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 1200 Studio Units 2 Utilities City/County WaterCity SewerElectricityWater Meter Installed Zoning Actual MUDR

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Keller Williams Group One Inc.: .

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-20T22:19:52.737.
 
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Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502