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1850-1852 Merchant St
Sparks, NV 89431
Villagio Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Priced well below replacement costs at $155,000 per unit and $189.00 per square foot
- On site laundry rooms (2), barbeque and picnic areas
- Brand new mechanical systems and HVAC units
- Value-add opportunity; rents are well below market
- Renovations: 20 units have been completely renovated
- Balconies or patios for every unit
Property Facts
| No. Units | 40 | Building Size | 32,720 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 2.47/1,000 SF |
| Lot Size | 1.52 AC | ||
| Zoning | MUD - Mixed Use Development | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 32,720 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.47/1,000 SF |
| Zoning | MUD - Mixed Use Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,170 | 719 - 800 |
| 2+1 | 20 | $1,342 | 919 - 1,000 |
Property Taxes
| Parcel Number | 031-020-18 | Improvements Assessment | $344,381 |
| Land Assessment | $308,000 | Total Assessment | $652,381 |
Property Taxes
Parcel Number
031-020-18
Land Assessment
$308,000
Improvements Assessment
$344,381
Total Assessment
$652,381
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