Homes for sale - 2150 Victorian Ave, Sparks, NV 89431

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Peter Carr

petercarr.realtor@gmail.com +1(513) 253-9150

$ 2,800,000

Est. payment | -/mo

5 Beds

23 Baths

5,089 SqFt

Save

$ 2,800,000

Est. payment | -/mo

Save

5 Beds

23 Baths

5,089 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment Complex

Listing Status Active

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

Listed by Address Income

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(513) 253-9150

petercarr.realtor@gmail.com

2150 Victorian Ave Sparks, NV 89431