1355 Carlin St

    Reno, NV 89503
    • $1,300,000
    • STATUS: Closed
    • ON SITE: 103 days
    • MLS #: 180011230
    Sold - 10/23/2018
    $1,300,000
    SOLD - 10/23/2018
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,220
      SQFT
    • $209
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    1355 Carlin St is a stable operation with increased rents and substantial renovations throughout. The current market rents show there is the potential to increase rents by up to $150 per unit with a pro forma CAP rate of 7.16%. The substantial renovations include updating 6 or the 8 units, new broiler, new water heater, new flooring, upgraded bathrooms, upgraded appliances, community laundry rooms, and a newly paved parking lot. Located just west of University of Nevada Reno and close to downtown & shops.

    Monthly Payment Calculator

    © 2018 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Dickson Realty. Real estate listings held by brokerage firms other than Dickson Realty 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: 2018-11-13T23:19:54.37.
    www.homeisnevada.com/homes/86151447

    1355 Carlin St Reno, NV 89503

    • Price: $1,330,000
    • Status: Closed
    • Updated: 30 min ago
    • MLS #: 180011230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,220
    SQFT
    $209
    $/SQFT
    1963
    Built
    Neighborhood:
    Reno-Old Northwest
    County:
    Washoe
    Area:
    Reno-Old Northwest
    Property Description
    1355 Carlin St is a stable operation with increased rents and substantial renovations throughout. The current market rents show there is the potential to increase rents by up to $150 per unit with a pro forma CAP rate of 7.16%. The substantial renovations include updating 6 or the 8 units, new broiler, new water heater, new flooring, upgraded bathrooms, upgraded appliances, community laundry rooms, and a newly paved parking lot. Located just west of University of Nevada Reno and close to downtown & shops.
    Exterior Features

    Construction Wood Frame Exterior Masonry VeneerFiber Cement Siding Fenced Partial Foundation Basement/FinishedConcrete/Crawl Space Landscaped Partially Landscaped Parking Capacity 6 Parking Types Common Roof FlatMembrane Sprinklers None

    Interior Features

    1 Bedroom Baths 0 1 Bedroom Sq Ft 0 2 Bedroom Baths 1 2 Bedroom Sq Ft 777 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorOven/RangeDishwasher Flooring CarpetSheet VinylVinyl TileVaries By Unit Heating Cooling Air UnitBaseboardElectricNatural GasVaries By Unit Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Blinds/ShadesPatio/DeckSmoke Detector Water Heater Natural Gas Windows Double PaneMetal FrameVinyl FrameVaries By Unit

    Property Features

    1 Bedroom Avg Rent Per Unit 0 1 Bedroom Units 0 2 Bedroom Avg Rent Per Unit 1225 2 Bedroom Units 8 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 Expenses 20557 Annual Income And Expenses Pro Forma Annual Vacancy 2352 Apod Available Yes Common Features None Documents On File Financial StatementsRental/Leases Down Payment Assistance No Facility Features Separated Meters-GasSeparate Meters-ElectricMaster Meter-WaterCentral Water HeatersSeparate Heating/CoolingMaster Heating/CoolingLandlord Pays UtilitiesTenant Pays Utilities Green Feature Double Pane WindowsFiber Cement Siding Gross Scheduled Income 118200 Multifamily Type Apartment Building (Up To 8 Unit Net Operating Income 95291 Owners May Sell Exchange 1031ConventionalCash Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities CableCity/County WaterCity SewerElectricityNatural GasTelephoneWater Meter Installed Zoning Actual Mf30

    Listing provided courtesy of Re/Max Professionals. © 2013 of Northern Nevada Regional MLS. All Rights Reserved.
    © 2018 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Dickson Realty. Real estate listings held by brokerage firms other than Dickson Realty 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: 2018-11-13T23:19:54.37.
     
    Dickson Realty
    500 Damonte Ranch Pkwy #625
    Reno NV, 89521