USANVSparksPrater Addition to Sparks1124 H St
1124 H St, Home with 0 bedrooms, 0 bathrooms and 8 parking in Sparks NV | Image 1
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$850,000

1124 H St, Sparks, NV

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $2,761
Days Active 51
Approx. Age 1930
MLS® Number 250050861

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Motivated Seller! Open to reasonable offers, located close to the freeway with easy access to USA parkway, shops, stores and restaurants. According to the city of Sparks City Planner, the lot appears to be splittable, offering for more flexibility and value add in the future. 1124/1126 H St. Property is at an impressive 7% cap rate (with the proforma of the owner's rent amount of $1, 100) and there is great potential for upside through interior improvements and rent increases! All of the properties are rented under market value with room to increase your proceeds! Plenty of off street parking for all of your tenants. This commercial multi-family property includes four 2-bed, 1-bath units in a two-story 4-plex with a tile roof, plus a detached 2-bed, 1-bath single-family home (note: bedrooms in the house do not have closets but is a 2 bedroom per assessor records). 4 units are tenant-occupied on month-to-month leases, offering flexibility for value-add strategies. The current owner occupies a unit in the 4-plex and will vacate at close of escrow. Two of the 4-plex units have backyards, a very attractive addition for many prospective renters. Partial updates include newer LVP flooring and painted cabinets in one unit, and painted cabinets in another. Remaining units are in original or mixed condition. Ideal for a multi-family buyer seeking immediate returns and long-term growth potential and is being sold as- is.Show Description
MLS® Number250050861
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Washer Hookup
Exposure
Exterior
GarageNo
Approx. Age1930
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas, Wall Furnace
A/CRefrigerated, Wall/Window Unit(s)
Heating Fuel

Extras

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