FLIP OR COLLEGE RENTAL IN 89512!

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 Reno, NV 89512

Property Overview:

• Single Family
• 1160 sq ft
• 3 beds, 1 bath
• 1959 build
• Lot size: .123 acres

Other Info:

• COE is on or before 11/10/23.
• $3k 14-day escrow hold back is in place. Vacant on 11/26/23 at 5pm.
• Rehab: See 150+ Photos, detailed Walkthrough Video, and home inspection. Full remodel needed. Roof, windows, paint, flooring, fixtures, new kitchen and bathrooms. Big trash out.
• 10/18/23 Home Inspection Available.
• Street/neighborhood seems good, walking distance to the University, good potential for College rental.
• Larger square footage rental comps trading north of $500k.
• Buyer to assume personal property left behind by seller.
• Buyer Pays all closing costs.

Comps:

315 Bartlett, Reno, NV 89512

2/1.5/1, 1278 Sq Ft, 1956, .15 Acre Lot. 

Has been remodeled in the past. Clean condition. Backs up to the railroad tracks. Sold when market was worse.

SOLD $362,500 on 12/15/2022

90 Bartlett, Reno, NV 89512

3/1/3, 1054 Sq Ft, 1948, .18 Acre Lot. 

Probate. Bad condition. Totally original and as-is. Detached garage. Listed and sold when market was worse. 

SOLD $300,000 on 12/19/2022

515 Cranleigh, Reno, NV 89512

3/1/1, 1072 Sq Ft, 1952, .14 Acre Lot. 

Flipped. East side of Valley which typically trades for less. Listed and sold when market was worse. Slightly smaller, but has garage. 

SOLD $347,000 on 2/3/2023

75 Bisby, Reno, NV 89512

2/1/1, 932 Sq Ft, 1948, .14 Acre Lot. 

Smaller, 1 less bedroom, decent condition but definitely not flipped. Went right into contract.

PENDING $350,000

320 Bartlett, Reno, NV 89512

4/2/0, 1603 Sq Ft, 1948, .15 Acre Lot. 

Sold off market, looks like totally remodeled condition. Bigger, extra bedroom and extra bathroom. 

SOLD $445,000 on 2/28/2023

Asking Price: $230,000

Closing Date: on or before 11/10/23.