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1950 A St 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 7.30% Cap Rate Sparks, NV 89431
Investment Highlights
- Close to everything, transportation, downtown Victorian Ave, stores, freeway access.
- Ample parking
- All units except one is ground floor entrance
Executive Summary
This is a 6-plex situated in the MUD zoned area of Sparks. Located just 3 blocks West of the current developments of Victorian Square in downtown Sparks in front of the Nugget. Located close to freeway access, shopping, casinos, transportation and much more.
There is a 2 bed 1 bath house and a studio up front and 4 1 bed 1 bath units in the back with off street parking alley access to the entire property along with street parking.
NV B 20127
There is a 2 bed 1 bath house and a studio up front and 4 1 bed 1 bath units in the back with off street parking alley access to the entire property along with street parking.
NV B 20127
Property Facts
| Price | $1,200,000 | Building Class | B |
| Price Per Unit | $200,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,256 SF |
| Cap Rate | 7.30% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2016 |
| Property Subtype | Apartment | Parking Ratio | 2.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MUD | ||
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 2,256 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2016 |
| Parking Ratio | 2.66/1,000 SF |
| Zoning | MUD |
Amenities
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 032-112-14 | Improvements Assessment | $23,015 |
| Land Assessment | $53,305 | Total Assessment | $76,320 |
Property Taxes
Parcel Number
032-112-14
Land Assessment
$53,305
Improvements Assessment
$23,015
Total Assessment
$76,320
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Presented by
Kristi Corporation
1950 A St
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