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    770 Montello

    Reno, NV 89512
    • $550,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 210010910
    UPDATED: 10 min ago
    $550,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,050
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Great investment opportunity in a cul-da-sac. With a 6%cap rate. Long term tenants. 4 units on 1 year lease, 1 unit month to month. Close to bus lines and freeway. Close to downtown Reno and Sparks. These affordable rentals always are in high demand and never sit vacant long. Rents are currently lower than market average. 4 of 5 have been fully remodeled. Do not disturb tenants. All showings will be made with an accepted offer. Owner is a licensed real estate agent.

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    © 2021 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: 2021-09-18T19:19:42.71.
    www.vaulethomes.com/homes/119736249
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    770 Montello Reno, NV 89512

    • Price: $550,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 210010910
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,050
    SQFT
    $268
    $/SQFT
    1948
    Built
    Neighborhood:
    Reno-Downtown Core
    County:
    Washoe
    Area:
    Reno-Downtown Core
    Elementary School:
    Booth
    Middle School:
    Traner
    High School:
    Wooster
    Property Description
    Great investment opportunity in a cul-da-sac. With a 6%cap rate. Long term tenants. 4 units on 1 year lease, 1 unit month to month. Close to bus lines and freeway. Close to downtown Reno and Sparks. These affordable rentals always are in high demand and never sit vacant long. Rents are currently lower than market average. 4 of 5 have been fully remodeled. Do not disturb tenants. All showings will be made with an accepted offer. Owner is a licensed real estate agent.
    Exterior Features

    Construction Wood Frame Exterior AsbestosWood Siding Fenced Back Foundation Concrete/Crawl Space Landscaped Partially Landscaped Parking Capacity 5 Parking Types Varies Per Unit Roof Composition/ShinglePitched Sprinklers AutomaticFrontYes

    Interior Features

    1 Bedroom Baths 5 1 Bedroom Sq Ft 410 2 Bedroom Baths 0 2 Bedroom Sq Ft 0 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances MicrowaveOven/RangeRefrigeratorVaries Per Unit Flooring LaminateVaries By UnitVinyl Tile Heating Cooling Wall Heater Laundry None Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 1 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Blinds/ShadesSmoke Detector Water Heater Natural Gas Windows Double PaneVinyl Frame

    Property Features

    1 Bedroom Avg Rent Per Unit 750 1 Bedroom Units 5 2 Bedroom Avg Rent Per Unit 0 2 Bedroom Units 0 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 13884 Annual Expenses 8538 Annual Income And Expenses Pro Forma Annual Vacancy 0 Apod Available Yes Common Features None Documents On File Rental/Leases Facility Features Landlord Pays UtilitiesMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparate Water HeatersSeparated Meters-GasTenant Pays Utilities Green Feature Double Pane Windows Green Features None Gross Scheduled Income 46500 Multifamily Type Apartment Building (Up To 8 Unit Net Operating Income 37962 Owners May Sell ConventionalExchange 1031 Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City SewerElectricityNatural GasInternet Available Zoning Actual Mue4

    © 2021 Northern Nevada Regional MLS. All rights reserved.
    Listing provided courtesy of Realty World Ballard Company.

    © 2021 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: 2021-09-18T19:19:42.71.
     
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    Vaulet Group Real Estate at RE/MAX
    5905 S. Virginia St. Suite 300
    Reno NV, 89502