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Sparks,NV 89431
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,766 sqft
Price per Sqft $311
Subdivision Newtown Tract
MLS Listing ID 250050779
Year Built 1940
Annual Tax Amount $977
Lot Size 8,276 Sqft
Property Sub-Type Triplex
Property Description
Central Sparks Triplex on big lot, MUD zoned, could support more units. Alley access, stable rents. So close to downtown Sparks, all events are within 5 minutes. 3 bedroom rents for $1600, 2 bedroom rents for $1300, 1 bedroom rent is $1000. Always rented. Some TLC needed on exterior, interiors rehabbed in 2021. Landlord covers utilities, figured into APOD at 6.8% CAP Rate. 8 plex across street, commercial next door. Maximize your return with some creative planning. 3 units under 1 roof. Get rid of old garage, build more units.
Location
State NV
County Washoe
Community Newtown Tract
Area Newtown Tract
Zoning MUD
Interior
Heating Natural Gas
Flooring Laminate
Equipment Varies By Unit
Laundry Varies By Unit
Exterior
Parking Features Alley Access,Common,Parking Pad,RV Access/Parking,Tandem
Pool None
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Internet Available,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected,Cellular Coverage
View Y/N No
Roof Type Asphalt,Composition,Pitched
Building
Lot Description Landscaped,Level
Story 2
Foundation Stone,Crawl Space
Water Public
Structure Type Asbestos,Lap Siding,Wood Siding
Schools
Elementary Schools Mitchell
Middle Schools Sparks
High Schools Sparks
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,Owner May Carry,Owner May Carry 2nd,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,Owner May Carry,Owner May Carry 2nd,VA Loan