$3,000,000

15 Gentry Way Unit 12 units Reno, NV 89502

The Grove Neighborhood

Estimated payment $17,813/month

Total Views 8,582
24 Beds
12 Baths
8,844 Sq Ft
$339 Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Patio
  • Landscaped
  • Jessie Beck Elementary School Rated A-
  • Community Barbecue Grill
  • Forced Air Heating System

About This Home

Welcome to a prime income property located in the Reno Experience District (RED), nestled between two of the city's prominent casinos. This apartment complex presents an excellent opportunity for investors, featuring modern construction. The 2 bedroom, 1-bath 12-plex was built 2020 and has been meticulously maintained by the current owners. Recently, wrought iron security fencing with three programmable gates was added to ensure health and safety compliance. Each unit offers a refrigerator, and each unit has their own washer and dryer. Please drive-by and call the listing agents to schedule a walkthrough of at least one unit.

Listing Agent

Eric Crosby

RE/MAX Gold License #B.1887

RE/MAX Gold

Co-Listing Agent

Blaine Moore

RE/MAX Gold License #S.169620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,215

Year Built

  • Built in 2020

Lot Details

  • 0.43 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

Home Design

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

Interior Spaces

  • 8,844 Sq Ft Home
  • 3-Story Property
  • Drapes & Rods
  • Blinds
  • Fire and Smoke Detector
  • Laundry in Hall

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 14 Parking Spaces
  • 1 Parking Space Included
  • Assigned Parking

Outdoor Features

  • Patio

Schools

  • Booth Elementary School
  • Vaughn Middle School
  • Wooster High School

Utilities

  • Refrigerated Cooling System
  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 01936017

Community Details

Overview

  • 12 Units
  • 15 Gentry Community

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $113,177
  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,215

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Apartment Complex
  • Automated Valuation: Yes
  • Commentary Reviews: Yes
  • Extended Remarks: Each unit offers a refrigerator, and each unit has their own washer and dryer. Please drive-by and call the listing agents to schedule a walkthrough of at least one unit.
  • Lvt Date: 02/25/2025
  • Year Built: 2020
  • Access Type: Public
  • Xstreet Directions: South Virgina to Gentry
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Oven/Range, Refrigerator
  • Water Heater: Natural Gas
  • Flooring: Carpet, Sheet Vinyl, Varies by Unit
  • Price Per Sq Ft: 339.21
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 8844

Exterior Features

  • Windows: Single Pane
  • Construction: Wood Frame
  • Exterior: Wood Siding
  • Fenced: Partial
  • Foundation: Concrete Slab
  • Landscaped: Partially Landscaped, Yes
  • Roof: Composition/Shingle, Pitched
  • Stories: 3 Story

Garage/Parking

  • Total Parking Capacity: 14
  • Parking Capacity Per Unit: 1
  • Parking Types: Designated Parking

Utilities

  • Sprinklers: Yes
  • Heating Cooling: Central Refrig A/C, Electric, Natural Gas, Forced Air
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Varies by Unit, Internet Available
  • Facility Features: Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Hall

Condo/Co-op/Association

  • Common Features: BBQ/Picnic Area, Fire Alarm
  • Complex Name: 15 Gentry

Schools

  • Elementary School: Booth
  • Middle School: Vaughn
  • High School: Wooster

Lot Info

  • Acreage: 0.43
  • Parcel Number: 01936017
  • Zoning Actual: MU

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 13215

Multi Family

  • Annual Expenses: 27502
  • Annual Vacancy: 48681
  • Gross Scheduled Income: 189360
  • Number Units: 12
  • Unit Features: Blinds/Shades, Drapes/Curtains, Patio/Deck, Smoke Detector, Varies Per Unit

MLS Schools

  • Elementary School: Booth
  • HighSchool: Wooster
  • Middle School: Vaughn

Map

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
02/25/2025 02/25/25 For Sale $3,000,000 -- $339 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250002151

Northern Nevada Regional MLS