NOT LISTED FOR SALE

1036 Bell St Reno, NV 89503

West University Neighborhood
8 Beds
7 Baths
5,160 Sq Ft
6,970 Sq Ft Lot

Last Sold August 14, 2020

Last sale price $950,000 $184 Per Sq Ft

104 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Partially Fenced Property
  • Reno High School Rated A

About This Home

As of August 2020

Great community feel nestled close to the University area. This rare 7 unit brick exterior consists of 6 one bedrooms, and 1 two bedroom units all rented below market rates. With its desirable location, the units have rented very quickly to have low vacancy losses. Great property for the first or second time investor. Listing price reflects a 5.6cap rate. Seller willing to finance the right buyer.

Last Listed By

Batuhan Zadeh

Marmot Properties, LLC License #B.145130 Listed on: 03/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,006

Year Built

  • Built in 1973

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Frame Construction

Interior Spaces

  • 5,160 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 9 Parking Spaces
  • 1 Parking Space Included
  • Parking Lot

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Natural Gas Water Heater
  • Internet Available

Community Details

  • 7 Units
  • Laundry Facilities
  • Net Operating Income $59,040

Listing and Financial Details

  • Assessor Parcel Number 00714314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,006

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Apartment Building (up To 8 Units)
  • Lvt Date: 03/15/2020
  • Year Built: 1973
  • Access Type: Public
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies Per Unit
  • Water Heater: Natural Gas, Varies By Unit
  • Flooring: Varies By Unit
  • Price Per Sq Ft: 184.11
  • Sold Price Per Sq Ft: 184.11
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 5160

Exterior Features

  • Windows: Single Pane, Varies By Unit
  • Construction: Wood Frame
  • Exterior: Brick
  • Fenced: Partial
  • Foundation: Concrete/Crawl Space
  • Roof: Flat
  • Stories: 2 Story

Garage/Parking

  • Total Parking Capacity: 9
  • Parking Capacity Per Unit: 1
  • Parking Types: Common

Utilities

  • Heating Cooling: Forced Air
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas
  • Facility Features: Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Separate Water Heaters
  • Individually Metered: Yes
  • Laundry: Common

Lot Info

  • Acreage: 0.16
  • Parcel Number: 00714314
  • Zoning Actual: MF30

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 3005.73

Multi Family

  • Annual Expenses: 12000
  • APOD Available: Yes
  • Gross Scheduled Income: 71040
  • Number Units: 7
  • Unit Features: Varies Per Unit

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $950,000 0.0% $184 / Sq Ft
08/14/2020 08/14/20 Off Market $950,000 -- --
06/27/2020 06/27/20 Pending -- -- --
03/15/2020 03/15/20 For Sale $1,050,000 +27.3% $203 / Sq Ft
06/06/2019 06/06/19 Sold $825,000 +4.6% $160 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $789,000 0.0% $153 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $789,000 -- $153 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Batuhan Zadeh

    Seller's Agent in 2020

    Batuhan Zadeh

    Marmot Properties, LLC

    (775) 240-8051

    1 in this area

    53 Total Sales

    Batuhan Zadeh
    Section Image
  • Donal Minihan

    Buyer's Agent in 2020

    Donal Minihan

    RE/MAX

    (775) 870-5209

    2 in this area

    101 Total Sales

    Donal Minihan
    Section Image
  • Bobbi McKinnon

    Seller's Agent in 2019

    Bobbi McKinnon

    Keller Williams Group One Inc.

    (775) 313-6637

    5 in this area

    79 Total Sales

    Bobbi McKinnon
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Sabine Beach

    Keller Williams Group One Inc.

    (775) 287-9450

    2 in this area

    16 Total Sales

    Sabine Beach
    Section Image
  • Paul Dunham

    Buyer's Agent in 2019

    Paul Dunham

    eXp Realty LLC

    (775) 303-8656

    2 in this area

    229 Total Sales

    Paul Dunham
    Section Image
  • Eileen Craig

    Buyer Co-Listing Agent in 2019

    Eileen Craig

    eXp Realty LLC

    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 200003476

Northern Nevada Regional MLS

Nevada Washoe County Reno 89503 West University

1036 Bell St, Reno, NV

Homes for Sale in Reno, NV

This home is located at 1036 Bell St, Reno, NV 89503 since 15 March 2020. This property was built in 1973. 1036 Bell St is a home located in Washoe County with nearby schools including Peavine Elementary School, Archie Clayton Pre-AP Academy, and Reno High School.

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