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530 Moran St

5 Unit Block of Flats £1,066,513 (£213,303/Unit) 4.62% Net Initial Yield Reno, NV 89502

Investment Highlights

  • Off Wells ave - in the 'MidTown' zone of influence.
  • Main house is a charming cottage with garage, basement, back yard. 4 plex has assigned parking, patios/balconies.
  • Short distance to MidTown, Downtown, UNR, Renown Hospital

Executive Summary

DO NOT DISTURB TENANTS. Fully occupied 5 plex. vintage cottage in front. 4plex in back accessed by alley. Cottage has an unfinished basement, garage and driveway parking. 4 plex is 2 story. Upstairs units have balconies. Downstairs units have small, fenced yards. 4 plex has 1 parking spot for each unit. All units have w/d. Located in 'midtown adjacent', Wells Ave district, central Reno. Showings only after offer submitted contingent upon satisfactory viewing. Listing agent is also property manager.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,066,513 Building Class C
Price Per Unit £213,303 Lot Size 0.16 AC
Sale Type Investment Building Size 3,100 SF
Net Initial Yield 4.62% Average Occupancy 100%
No. Units 5 Number of Floors 2
Property Type Residential Year Built 1934
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 1.94/1,000 SF
Apartment Style Low Rise
Price £1,066,513
Price Per Unit £213,303
Sale Type Investment
Net Initial Yield 4.62%
No. Units 5
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,100 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1934
Parking Ratio 1.94/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Wooden Floors
  • Refrigerator
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Yard
  • Basement
  • Double Pane Windows
  • Smoke Free

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £869.01 550
2+1 1 £1,576 900
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 013-095-03 Total Assessment £93,151 (2024)
Land Assessment £53,159 (2024) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £39,992 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
013-095-03
Land Assessment
£53,159 (2024)
Improvements Assessment
£39,992 (2024)
Total Assessment
£93,151 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code MF14
MF14
(775) 250-8914

  • Listing ID: 33286877

  • Date on Market: 24/09/2024

  • Last Updated:

  • Address: 530 Moran St, Reno, NV 89502

The Downtown Residential Property at 530 Moran St, Reno, NV 89502 is currently available. Contact RE/MAX Professional for more information.

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530 Moran St
(775) 250-8914 x

530 Moran St

Jan Mackenzie

(775) 250-8914

(775) 250-8914

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