B
Seller's Agent in 2024
Brandon Hapin
Ferrari-Lund Real Estate Reno
(775) 400-5338
1 in this area
10 Total Sales
540 W 2nd St Reno, NV 89503
Riverwalk Neighborhood
4
Beds
6
Baths
4,093
Sq Ft
6,970
Sq Ft Lot
Highlights
- Wood Flooring
- Balcony
- Cooling System Mounted To A Wall/Window
- Hunter Lake Elementary School Rated A-
- Double Pane Windows
- 4-minute walk to Bicentennial Park
About This Home
As of October 2024Unique opportunity to own a newly renovated, fully furnished, 4 unit building located blocks from downtown Reno. Units have high ceilings, appliances, tasteful decor, and lots of charm. The fully landscaped outdoor space features a hot tub, artificial grass, lighting, and covered awnings. New heating and cooling systems were installed in 2017. This property has tons of historical character, with modern upgrades and finishing., The owners have meticulously curated almost every aspect of the building, and the running of their rental business. Most of the building is rented out for short term occupants, who consistently leave 5 star reviews. There is also one long term month-to-month tenant. A slew of resources are available to the next owner, if needed, including a staff who takes care of reservation and cleaning. The building has a built in hospitable reputation.
Last Agent to Sell the Property
Ferrari-Lund Real Estate Reno License #S.199414 Listed on: 05/08/2024
Co-Listed By
Gloria Hapin
Keller Williams Group One Inc. License #S.184485
Last Buyer's Agent
Unrepresented Buyer or Seller
Non MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,134
Year Built
- Built in 1914
Lot Details
- 6,970 Sq Ft Lot
- Back Yard Fenced
- Drip System Landscaping
- Front Yard Sprinklers
- Sprinklers on Timer
Home Design
- Quadruplex
- Stone Foundation
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 4,093 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Drapes & Rods
- Blinds
- Fire and Smoke Detector
Kitchen
- Oven
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Laundry
- Laundry Room
- Laundry in Hall
- Dryer
- Washer
Parking
- 4 Car Garage
- Common or Shared Parking
Outdoor Features
- Balcony
- Shed
Schools
- Hunter Lake Elementary School
- Swope Middle School
- Reno High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Separate Meters
- Individual Gas Meter
- Central Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 01102217
Community Details
Building Details
- Vacancy Allowance $33,600
- Net Operating Income $78,960
Additional Features
- 4 Units
- Community Barbecue Grill
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $1,170,000 | -6.4% | $286 / Sq Ft |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 05/30/2024 05/30/24 | Price Changed | $1,250,000 | -7.4% | $305 / Sq Ft |
| 05/07/2024 05/07/24 | For Sale | $1,350,000 | -- | $330 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $2,523 | $116,808 | $58,625 | $58,183 |
| 2024 | $3,338 | $123,806 | $65,333 | $58,473 |
| 2023 | $3,134 | $116,798 | $65,333 | $51,465 |
| 2022 | $2,855 | $97,823 | $56,000 | $41,823 |
| 2021 | $2,609 | $83,164 | $41,125 | $42,039 |
| 2020 | $2,470 | $81,201 | $38,745 | $42,456 |
| 2019 | $2,348 | $76,666 | $37,030 | $39,636 |
| 2018 | $2,029 | $64,805 | $30,555 | $34,250 |
| 2017 | $1,653 | $62,410 | $28,350 | $34,060 |
| 2016 | $1,647 | $61,611 | $28,350 | $33,261 |
| 2015 | $476 | $56,907 | $23,730 | $33,177 |
| 2014 | $1,615 | $41,814 | $14,763 | $27,051 |
| 2013 | -- | $41,661 | $13,860 | $27,801 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Hapin
-
G
Seller Co-Listing Agent in 2024
Gloria Hapin
Keller Williams Group One Inc.
-
U
Buyer's Agent in 2024
Unrepresented Buyer or Seller
Non MLS Office
Map
Source: Northern Nevada Regional MLS
MLS Number: 240005321
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