2150 Victorian Ave Back on Market Save Request In-Person Tour Request Virtual Tour
Sparks,NV 89431
Key Details
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Back on Market
Purchase Type For Sale
Square Footage 5,089 sqft
Price per Sqft $550
Subdivision Nv
MLS Listing ID 240008175
Bedrooms 5
Year Built 1943
Lot Size 0.520 Acres
Acres 0.52
Property Description
Seller financing is available, and seller would prefer to sell as a portfolio with The Townsite (250 W Commercial). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Sparks Studios is a charming, retro, mid-century modern 23 unit complex located at 2150 Victorian Ave, Sparks, NV. This multi-family property offers a mix of studio and one-bedroom units, ranging in size from 220 to 400 square feet, making it a cozy and efficient living space. Conveniently located in Sparks near the Victorian Square, the location provides easy access to various amenities and public transportation. Residents can enjoy the convenience of laundry facilities on site. Parking is plentiful with various options available to suit different needs. A unique feature of Sparks Studios is the inclusion of three travel trailers connected to utilities that can rent for $1,300 each. There is a high demand for these (currently on a waitlist), and it adds to the retro charm of the complex. There is also the ability to add a fourth one on site for increased income. Additionally, five fully-furnished units are dedicated to short-term rentals, which can be rented nightly or weekly, providing flexibility and increased revenue, especially during peak times. For further details and investment analysis reach out to listing agent.
Location
State NV
County Washoe
Zoning MUD
Interior
Heating Evap Cooling,Natural Gas,Wall Heater
Cooling Evap Cooling,Natural Gas,Wall Heater
Flooring Laminate
Appliance Microwave,Refrigerator
Laundry Common
Exterior
Exterior Feature Masonry Veneer,Stucco
Fence Back
Utilities Available Cable,City Sewer,Electricity,Natural Gas
Roof Type Composition/Shingle,Pitched
Total Parking Spaces 23
Building
Story 1 Story
Foundation Concrete Slab
Water Circulating Pump,Natural Gas
Level or Stories 1 Story
Structure Type Wood Frame
Schools
Elementary Schools Mitchell, Robert
Middle Schools Sparks
High Schools Sparks
Others
Tax ID 03202306
SqFt Source 5089
Special Listing Condition None