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237 University Terrace, Reno, NV 89503
$575,000
237 University Terrace, Reno, NV 89503View this property at 237 University Terrace, Reno, NV 89503
237 University TerraceRenoNV89503
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Property Description
Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary's Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno "Zoning OVERLAY." The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no repairs. Four parking spaces exist in driveway, and additional parking occurs in the unpaved right-of-way behind the house. Showings are currently limited to Monday-Thursday between 5p and 6 pm only and require 24 hours advanced approval. One seller is a licensed Nevada real estate agent. Escrow is pre-opened with a company affiliated with the listing brokerage. FOR REFERENCE: 1) There is a new PEX water-main and a new NVEnergy gas stub to the house. 2) The supply and drain plumbing are functional, mostly galvanized pipe and have for reference have been bid by a licensed plumber at $12,000 for total replacement. 3) The existing electrical panel and sub panel are functional, breakers (not fuses), and for reference a total rewire of the house has been bid by a licensed electrician at $12,000.
Full Property Details
Full Property Details for 237 University Terrace
General
- Sold For: $575,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 220016375
- Added to Site: 570 day(s) ago
Interior
- Flooring: Carpet, Vinyl Tile, Wood, Varies by Unit
Parking
- Parking: Tandem, Common
Location
- County: Washoe
- Neighborhood: Reno-Old Northwest
- Driving Directions: N Sierra & University Terr
Heating & Cooling
- Heating Fuel: Electric, Fireplace, No Heat, Varies by Unit
- Water Heater: Electric
Structural Information
- Construction: Masonry
- Exterior Const.: Masonry Veneer, Wood Siding
- Roof: Composition/Shingle, Flat, Pitched
- Disability Access: Public
- Stories/Levels: 2 Story
- Year Built: 1910
Unit Information
- Units in Building: 3
- Unit Features: Blinds/Shades, Smoke Detector, Varies Per Unit
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
Lot Features
- Zoning: MF30
Financial Considerations
- Price Per Sq. Ft.: $210.85
- Assessment Year: 1
- Assessment Amount: $1,910
Disclosures and Reports
- Documents Avail.: Appraisal
- APN: 717119
Listed and Sold by Dickson Realty - Downtown, Jeffrey Loftin (775) 468-7325
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Schools
Schools serving 237 University Terrace
School District:Washoe County School District
Rating | Name | Grades | Distance |
---|---|---|---|
855 McDonald Dr, Reno, NV 89503 | K-5 | 1.2 mi | |
1295 Wyoming Ave, Reno, NV 89503 | 6-8 | 1.5 mi | |
395 Booth St, Reno, NV 89509 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 237 University Terrace
Date
Details
Price
Change
Source
4/23/2024
Sold
$575,000
—
MLS
2/20/2024
Price Reduced
$575,000
-3.36%
MLS
11/17/2022
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
237 University Terrace, Reno, NV 89503 (MLS# 220016375) is a Multi-Family property that was sold at $575,000 on April 23, 2024. Want to learn more about 237 University Terrace? Do you have questions about finding other Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.