$1,050,000
Estimated Payment$4,959/mo
Multi-Family For SaleUnder Contract

1101 N Sierra St, Reno, NV 89503

1-Story Multi-Family Home In West University

1101 N. Sierra St. presents an opportunity to acquire a 4-unit student housing investment less than 2 blocks from the west end of the main campus of the University of Nevada, Reno and across the street from the university dorms. These popular rental units dont stay vacant for very long. The property has a diverse unit mix which consists of a 2 bed, 1 bath unit, two 1 bed, 1 bath units, and a studio unit. Prior inspections available. Rents have recently been increased to market rates. 5.25% cap +/-.

1101 N Sierra St is a multi family-home located in Washoe, the 89503 ZIP Code, and the Elmcrest Elementary School, Archie Clayton Pre-Ap Academy, and Reno High School attendance zones.

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1101 N Sierra St
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Location
1101 N Sierra St Reno, NV 89503
Home Details

Listing Details

General

  • Total Number of Units: 4

    Interior Details

    General

    • Appliances: Dishwasher, Dryer, Oven Range, Refrigerator, Varies Per Unit, Washer
    • Flooring: Ceramic Tile, Laminate, Varies by Unit
    • Window Features: Double Pane
    • Interior Features: Electric

    Utilities

    • Heating Details: Air Unit, Baseboard, Electric, Natural Gas, Varies by Unit, Wall Heater
    • Cooling Details: Air Unit, Baseboard, Electric, Natural Gas, Varies by Unit, Wall Heater
    • Utilities: City Sewer, City County Water, Electricity, Natural Gas

    Financial Details

    Tax Details

    • Zoning: MF30

      Property Details

      General

      • Laundry Features: Kitchen, Varies Per Unit
      • Stories: 117089416
      • Fencing: Partial

      Construction Details

      • Foundation Details: Concrete Crawl Space
      • Construction Materials: Wood Frame, Wood Siding
      • Roof: Asphalt, Pitched

      Parking

      • Parking Features: Common, Public
      • Other Parking: Common

      Location Details

      Region

      • City/Region: Reno Old Northwest

        MLS Details

        General

        • Days on Homes.com: 71
        • MLS Number: 220008109
        • Listed: 6/7/2022
        • Last Updated: 8/14/2022
        • Offered By: Re/Max Gold - Reno
        • Listing Source: Northern Nevada Regional Mls
        Monthly Payment Calculator

        $4,959

        Estimated Mortgage
        Principal & Interest
        $3,541
        Insurance
        $368
        Taxes
        $1,050
        Mortgage Insurance
        $0
        i
        Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Price History
        • DateEventPrice
        • 07/19/2022$45,000$1,050,000
          Source: Northern Nevada Regional MLS
        • 06/07/2022listed$1,095,000
          Source: Northern Nevada Regional MLS
        Nearby Schools
        School data provided by GreatSchools
        i
        The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
        Points of Interest

        Airports

        Distance
        • Reno–Tahoe International
          7.4 mi

        Colleges

        Distance
        • University of Nevada
          1.1 mi
        • Truckee Meadows, Dandini
          4.3 mi
        • Truckee Meadows, IGT
          5.4 mi

        Parks and Recreation

        Distance
        • Fleischmann Planetarium & Science Center
          0.6 mi
        • W.M. Keck Museum
          0.7 mi
        • University of Nevada Arboretum
          0.7 mi
        • May Arboretum and Botanical Garden
          2.4 mi
        • Rancho San Rafael Park
          1.4 mi

        Shopping Centers

        Distance
        • Sportsman Corner
          1.1 mi
        • Sterling Village
          1.2 mi
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        Listing Agent
        Re/Max Gold - Reno
        RE/MAX Gold - Reno
        Reno, NV
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        $1,050,000

        1101 N Sierra St

        Reno, NV 89503

        Re/Max Gold - Reno
        RE/MAX Gold - Reno