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1858 E St
Sparks, NV 89431
1858 E Street, Sparks, NV · Multifamily Property For Sale · 7 Units

PROPERTY FACTS

No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.21 AC
Building Size 2,845 SF
Average Occupancy 100%
No. Stories 1
Year Built 1946
Zoning R4

ABOUT 1858 E ST , SPARKS, NV 89431

Fully Leased Multi-Family Investment Property: Premium location near schools, park and public transportation Consisting of 4 buildings on One parcel- 6- 1 bedroom, 1 bath units 1 studio unit 1858 E Street - 1 bed/1 bath single unit building 1866 E Street - 1 bed/1 bath single unit building Triplex: 616 19th Street - studio/1 bathroom unit 618 19th Street - 1 bed/1 bath unit 620 19th Street - 1 bed/1 bath unit Duplex: 624 19th Street - 1 bed/1 bath unit 628 19th Street - 1 bed/1 bath unit (This unit is HUD certified Housing) Most units are in an active lease and rents are under market. Owner pays trash and sewer - tenants pay water and gas/electric. Recent improvements since the current owner purchased the property in 2012: The fence we had installed to give each building a separate space and rock down in all of the front and back yards. All of the windows and doors were chalked and sealed. List of improvements by unit number. 1. 1866 E St – new wall heater 2017, trimmed trees 2. 616 19th – new sidewalk to units 616 and 618, new carpet and repainted interior, new blinds, new window a/c unit 3. 618 19th – new wall heater, carpet, repainted interior, new blinds, window a/c unit 4. 620 19th – new carpet, repainted interior, new blinds 5. 624 19th – new wall heater 2016, new carpet in the living room and bedroom, new vinyl plank flooring in the kitchen, new blinds, repainted interior, new bathroom (toilet, shower, flooring, sink w/cabinet), trimmed trees 6. 628 19th – new wall heater 2016, new carpet in the living room and bedroom, new vinyl plank flooring in the kitchen, repainted interior, new blinds, new water heater, window a/c unit

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 $542.50 350 - 560
1+1 6 $625.00 540 - 560

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031-341-16
Land Assessment
$61,915
Improvements Assessment
$34,666
Total Assessment
$96,581
  • Listing ID: 8699702

  • Date on Market: 8/16/2017

  • Last Updated:

  • Address: 1858 E St, Sparks, NV 89431

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