4,316 SqFt
4,316 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,316 sqft
Price per Sqft $196
Subdivision Prater Addition To Sparks
MLS Listing ID 250050861
Year Built 1930
Annual Tax Amount $2,760
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 0.36
Property Sub-Type Multi Family
Property Description
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.
Location
State NV
County Washoe
Community Prater Addition To Sparks
Area Prater Addition To Sparks
Zoning MUD
Direction Prater, to 12th st, to H st.
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Cooling Refrigerated, Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace No
Laundry Common Area, Washer Hookup
Exterior
Parking Features Accessible Parking, Asphalt, On Site, On Street, Parking Lot, Paved
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Available, Internet Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
View Y/N No
Roof Type Asphalt,Shingle,Tile
Garage No
Building
Lot Description Level
Story 2
Foundation Crawl Space
Water Public
Structure Type Asbestos,Asphalt,Fiberglass Siding,Wood Siding
Others
Tax ID 031-222-19
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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