531 Mill St.

    Reno, NV 89502
    • $489,000
    • STATUS: Active Under Contract
    • ON SITE: 65 days
    • MLS #: 190009161
    Under Contract
    UPDATED: 41 min ago
    $489,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,548
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    Significant value-add opportunity! Built in 1932, this charming multifamily asset is in a rapidly changing and gentrifying area near downtown Reno. Comprised of three, two bedroom/one bath units, it offers an on-site laundry room, on-site and street parking and basement storage for every tenant. Major renovations were completed in 2015 including new windows, new doors, carpet, paint, blinds, as well as enclosing in the windows with brick. **OFFER "SUBJECT TO VIEWING UNITS" REQUIRED TO TOUR THE PROPERTY**

    Monthly Payment Calculator

    © 2019 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Wood Team with RE/MAX Realty Affiliates. Real estate listings held by brokerage firms other than The Mike Wood Team with RE/MAX Realty Affiliates 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: 2019-08-23T16:19:53.14.
    www.renohousingmarket.com/homes/96050998

    531 Mill St. Reno, NV 89502

    • Price: $489,000
    • Status: Active Under Contract
    • Updated: 41 min ago
    • MLS #: 190009161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,548
    SQFT
    $192
    $/SQFT
    1932
    Built
    Neighborhood:
    Reno-Southeast
    County:
    Washoe
    Area:
    Reno-Southeast
    Property Description
    Significant value-add opportunity! Built in 1932, this charming multifamily asset is in a rapidly changing and gentrifying area near downtown Reno. Comprised of three, two bedroom/one bath units, it offers an on-site laundry room, on-site and street parking and basement storage for every tenant. Major renovations were completed in 2015 including new windows, new doors, carpet, paint, blinds, as well as enclosing in the windows with brick. **OFFER "SUBJECT TO VIEWING UNITS" REQUIRED TO TOUR THE PROPERTY**
    Exterior Features

    Construction Masonry Exterior Masonry Veneer Fenced Partial Foundation Concrete/Crawl Space Landscaped Partially Landscaped Parking Capacity 3 Parking Types Common Roof Composition/ShinglePitched Sprinklers None

    Interior Features

    1 Bedroom Baths 0 1 Bedroom Sq Ft 0 2 Bedroom Baths 1 2 Bedroom Sq Ft 850 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorOven/Range Flooring Carpet Heating Cooling Natural GasForced Air Laundry Separate 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/Shades Water Heater Natural Gas Windows Single PaneVinyl Frame

    Property Features

    1 Bedroom Avg Rent Per Unit 0 1 Bedroom Units 0 2 Bedroom Avg Rent Per Unit 1125 2 Bedroom Units 3 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 24631 Annual Expenses 8898 Annual Income And Expenses Actual Annual Vacancy 1215 Apod Available Yes Common Features Alley AccessStorage Shed Documents On File None Down Payment Assistance No Facility Features Separated Meters-GasSeparate Meters-ElectricSeparate Meters-WaterSeparate Water HeatersSeparate Heating/Cooling Gross Scheduled Income 40500 Multifamily Type DuplexTriplex4-Plex Net Operating Income 30387 Owners May Sell Exchange 1031ConventionalCash Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities CableCity/County WaterCity SewerElectricityNatural Gas Zoning Actual Mudr

    © 2019 Northern Nevada Regional MLS. All rights reserved.
    Listing provided courtesy of Dl Realty.

    © 2019 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Wood Team with RE/MAX Realty Affiliates. Real estate listings held by brokerage firms other than The Mike Wood Team with RE/MAX Realty Affiliates 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: 2019-08-23T16:19:53.14.
     
    The Mike Wood Team with RE/MAX Realty Affiliates
    10795 Double R Blvd
    Reno NV, 89521