1050 West 2nd Street

Reno, NV 89503

$1,250,000
Price
6
Beds
3
Baths
4,998 Sq. Ft.
$250 / Sq. Ft.
4,998
Sq. Ft.
$250
per Sq. Ft.

Description

Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential.Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential.
  1. Listed by Laura Kirsch • Marmot Properties, LLC • 775-391-9076

Property Details for 1050 West 2nd Street

Zoning Actual
GC
Total Parking Capacity
0
LISTING UPDATED: 12/16/2024 10:33 AM

Property Details for 1050 West 2nd Street

StatusBack On Market
MLS #240011335
Days on Compass104
Taxes$2,161 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1932
Lot Size0.07 AC / 3,049 SF
CountyWashoe County

Building Information for 1050 West 2nd Street

Stories3Residences-Year Built1932Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1050 West 2nd Street

Summary
Location and General Information
  • Geo Latitude: 39.524085
  • Geo Longitude: -119.826988
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 1050 W 2nd St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89503
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 1050 W 2nd St
  • County: Washoe
  • Xstreet/Directions: Keyston
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Taxes $: $2,161.49
Parking
  • Parking Capacity per Unit: 0
  • Parking Types: None
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1932.0
  • Acreage: 0.07
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 01004634
  • Complex Name: 1050 APTS
  • Gross Square Footage: 4998.0
Property and Assessments
  • Documents On File: Financial Statements
  • ADA Compliant: No
  • APOD Available: No
  • Construction: Rock
  • Automated Valuation: Yes
  • Associated Document Count: 1
  • LVT Date: 09-04-2024
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas, Forced Air
  • Water Heater: Natural Gas
  • Windows: Combo/Varies, Double Pane, Single Pane
  • Facility Features: Separate Meters-Electric, Separate Meters-Water, Separate Water Heaters, Separated Meters-Gas
  • Common Features: None
  • Unit Features: Blinds/Shades, Smoke Detector, Vaulted Cathedral Ceiling, Varies Per Unit
  • Appliances: Refrigerator
  • Laundry: Common
  • Flooring: Varies by Unit, Vinyl Tile, Wood
  • Green Features: None
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Brick
  • Roof: Composition/Shingle, Pitched
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas
  • Landscaped: Yes
  • Sprinklers: Drip-Full
  • Fenced: Back
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 4
  • 1 Bedroom - SqFt/Unit: 833
  • 1 Bedroom - Avg Rent/Unit: 1350
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 1432
  • 2 Bedroom - Avg Rent/Unit: 1700
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 5
  • Stories: 3 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $16,651.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $85,200.00
  • Net Operating Income: $68,549.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 103
  • DOMLS: 103
  • Cumulative DOM: 103
  • Cumulative DOMLS: 103
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Laura
  • Contact Phone: 775-391-9076
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 1050 West 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1050 West 2nd Street

Taxable ValueLand$56,000Additions$39,864Total$95,864
Tax Record2023$1,991 ($166 / month)
Home Facts
Baths5Total Finished SqFt3,332 SqFtAbove Grade Finished SqFt3,332 SqFtUnfinished Basement SqFt1,666 SqFtStories2Lot Size3,350 SqFtStyleMulti-Family Dwelling (2-4)Year Built1932ZoningGCCountyWASHOEAPN010-046-34

Schools near 1050 West 2nd Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hunter Lake Elementary School
PublicK to 6

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Innovations High School - 16510
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1050 West 2nd Street is a multi-family home for sale in Reno, NV 89503. This property was listed for sale on September 4, 2024 by Marmot Properties, LLC, it's currently listed at $1,250,000. It has been on the market for a total of 104 days and was last sold on November 17, 2021. This listing's school district is Washoe County School District. Nearby schools include Hunter Lake Elementary School, Darrell C Swope Middle School and Reno High School. 1050 West 2nd Street is a 6-bed, 3-bath, 4,998 sqft multi-family home built in 1932.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marmot Properties, LLC, Laura Kirsch, License #10355

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.