NOT LISTED FOR SALE

2312 Wedekind Rd Unit 1-8 Reno, NV 89512

Northeast Reno Neighborhood
8 Beds
8 Baths
4,536 Sq Ft
0.33 Acres

Last Sold July 17, 2019

Last sale price $925,000 $204 Per Sq Ft

383 Days on Market

Highlights

  • 0.33 Acre Lot
  • Ceramic Tile Flooring
  • Landscaped
  • Forced Air Heating and Cooling System

About This Home

As of July 2019

In contract but taking back up offers at this time. This meticulously maintained apartment building is tucked away in its own little, quite community. Only 5 minutes from downtown Reno and UNR college. 25-30 min from Tesla/Panasonic, switch, Zulilly and many more large companies housed in the Industrial park in Sparks, NV. Next to bus lines, the HWY, lots of shopping and many town events within minutes of this location. Once renters move in they love the area so much

Last Listed By

Monica Taylor

eXp Realty License #S.178279 Listed on: 03/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,365

Year Built

  • Built in 1987

Lot Details

  • 0.33 Acre Lot
  • Back Yard Fenced
  • Landscaped
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Metal Siding

Interior Spaces

  • 4,536 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Aluminum Window Frames
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • 1 Parking Space Included
  • Parking Lot
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 8 Units
  • Net Operating Income $70,409

Listing and Financial Details

  • Assessor Parcel Number 02680104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,365

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Apartment Building (up to 8 Units)
  • Extended Remarks: many brand new windows, new security gates. 3 units were upgraded with granite counter tops. Tile bathroom floors and showers, laminate kitchen floors, carpet in the living areas and much more. 50 year old roof, very nice siding and all units are in great condition. Tenants pay for utilities. Individually metered gas and electric. Tenants are amazing and keep there units very nice and the owner keeps up on all repairs and maintenance Long term tenants on month to month leases so the new owner can get them in a contract with what works for them. Rents increased February 2019 and will increase again April 2019. Solid Investment opportunity and 100% occupied. High Cap Rate. Skies the limit on the earnings you can make on this 8 unit apartment building. Reno/Sparks has a vacancy shortage and the demand is high for housing. Reno/ Sparks is # 1 in the nation for job growth. #1 in the nation in population growth. #1 in the nation in property value increases and rental price increases. This is a Recipe for major growth for you as an investor. This building has its own Gated private parking for the tenants. Property is located in the same driveway as 2300 Wedekind Dr. Drive all the way to the back of the parking lot and this complex is the very last building. We have the market to support your goals of an income property.
  • Lvt Date: 03/16/2018
  • Year Built: 1987
  • Access Type: Public
  • Xstreet Directions: Silverada
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Dishwasher, Oven/Range, Refrigerator, Washer
  • Water Heater: Natural Gas
  • Flooring: Ceramic Tile, Carpet
  • Price Per Sq Ft: 203.92
  • Sold Price Per Sq Ft: 203.92
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 4536

Exterior Features

  • Windows: Metal Frame, Single Pane
  • Construction: Wood Frame
  • Exterior: Metal Siding
  • Fenced: Back
  • Foundation: Concrete/Crawl Space
  • Landscaped: Fully Landscaped
  • Roof: Composition/Shingle
  • Stories: 2 Story

Garage/Parking

  • Total Parking Capacity: 8
  • Parking Capacity Per Unit: 1
  • Parking Types: Common, Designated Parking

Utilities

  • Sprinklers: Full Sprinklers
  • Heating Cooling: Air Unit, Natural Gas, Wall Heater
  • Internet: Yes
  • Utilities: Cable, City/County Water, City Sewer, map to 20, Electricity, Natural Gas, Telephone
  • Facility Features: Separate Meters-Electric, Separated Meters-Gas, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Hall

Lot Info

  • Acreage: 0.33
  • Parcel Number: 02680104
  • Zoning Actual: MF30

Rental Info

  • Current Lease: Month to Month

Tax Info

  • Taxes Dollar: 3365.02

Multi Family

  • Annual Expenses: 19879.26
  • Annual Vacancy: 912
  • APOD Available: Yes
  • Gross Scheduled Income: 91200
  • Number Units: 8
  • Unit Features: Blinds/Shades, Smoke Detector

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
07/17/2019 07/17/19 Sold $925,000 0.0% $204 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
04/01/2019 04/01/19 Price Changed $925,000 -2.6% $204 / Sq Ft
11/07/2018 11/07/18 For Sale $950,000 0.0% $209 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $950,000 -- $209 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Monica Taylor

    Seller's Agent in 2019

    Monica Taylor

    eXp Realty

    Section Image
  • Ryan Ward

    Buyer's Agent in 2019

    Ryan Ward

    ERA - Realty Central

    (775) 450-6392

    1 in this area

    20 Total Sales

    Ryan Ward
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 180003368

Northern Nevada Regional MLS

Nevada Washoe County Reno 89512 Northeast Reno

2312 Wedekind Rd Unit 1-8, Reno, NV

Homes for Sale in Reno, NV

This home is located at 2312 Wedekind Rd Unit 1-8, Reno, NV 89512 since 16 March 2018. This property was built in 1987. 2312 Wedekind Rd Unit 1-8 is a home located in Washoe County with nearby schools including Rita Cannan Elementary School, Fred W. Traner Middle School, and Procter R. Hug High School.

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