NOT LISTED FOR SALE

1120 Parkview St Reno, NV 89502

Smithridge Neighborhood
8 Beds
-- Bath
3,360 Sq Ft
6,534 Sq Ft Lot

Last Sold August 12, 2022

Last sale price $670,000 $199 Per Sq Ft

21 Days on Market

Highlights

  • Double Pane Windows
  • Refrigerated and Evaporative Cooling System
  • Wood Siding
  • Damonte Ranch High School Rated A-
  • Ceramic Tile Flooring
  • 5-minute walk to Miguel Ribera Park

About This Home

As of August 2022

Parkview 4 at 1120 Parkview Street presents an opportunity to acquire a 4-unit multi-family investment property located in Reno, NV, with great access to bus lines, Interstate 80, shopping, and employers. These two bedroom, one bathroom units each have in unit washer and dryers, large kitchens, newer cabinets, granite countertops and backsplash, tile flooring, on-site parking, and approximately 840 +_sq ft of living space. The building has new exterior paint just completed in June 2022., The property is priced below recent area comparable sales. Multifamily property owners continue to see rising rental rents from the shrinking supply and increased demand, and incoming major employers. Investors buying in Nevada benefit from competitive cap rates, rising rental rates, landlord-friendly laws, and benefit from Nevada’s lack of a state income tax.

Last Agent to Sell the Property

Angela Beard

RE/MAX Gold License #S.48237 Listed on: 06/22/2022

RE/MAX Gold

Last Buyer's Agent

Non MLS Agent

Non MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,685

Year Built

  • Built in 1979

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Common or Shared Parking

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $31,613

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities
  • Assessor Parcel Number 02031223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,685

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Year Built: 1979
  • Property Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: Neil Rd
  • Has Cooling?: Yes
  • Tax Legal Zoning4: MF30
  • Building Stories5: 2
  • Cooling Evaporative Cooling: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Heater Gas5: Yes
  • Construction Materials Frame: Yes
  • Lot Lot Size Acres4: 0.15
  • Lot Lot Size Square Feet4: 6534.0
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 1684.63
  • Incomeand Expenses Net Operating Income: 31613.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 4.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Oven, Dishwasher, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Number Of Buildings: 1
  • Owner Pays: All Utilities
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Laundry Features In Kitchen: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Vinyl: Yes
  • Interior Building Area Total3: 3360.0

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Crawl Space
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common
  • Total Parking Spaces: 8.0
  • Parking Information Parking Total4: 8.0
  • Parking Features Common: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Kitchen
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Owner Pays All Utilities: Yes

Lot Info

  • Parcel Number: 02031223
  • Fencing: None
  • Lot Size Sq Ft: 6534.0
  • Zoning: MF30

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 44377.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1684.63

Range of Values:

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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
08/12/2022 08/12/22 Sold $670,000 -7.6% $199 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $725,000 -- $216 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angela Beard

    Seller's Agent in 2022

    Angela Beard

    RE/MAX

    (775) 722-5868

    4 in this area

    188 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    Non MLS Agent

    Non MLS Office

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Map

Source: Northern Nevada Regional MLS

MLS Number: 220009060

Northern Nevada Regional MLS

Nevada Washoe County Reno 89502 Smithridge

1120 Parkview St, Reno, NV

This home is located at 1120 Parkview St, Reno, NV 89502 since 22 June 2022. This property was built in 1979. 1120 Parkview St is a home located in Washoe County with nearby schools including Smithridge Elementary School, Edward L Pine Middle School, and Damonte Ranch High School.

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