$1,380,000
$1,450,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
5,040 SqFt
SOLD DATE : 01/04/2024
Key Details
Sold Price $1,380,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $273
MLS Listing ID 230011672
Sold Date 01/04/24
Year Built 1985
Annual Tax Amount $4,226
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 0.21
Property Sub-Type Multi Family
Property Description
Great Investment Opportunity!!! If you're looking for a property that you don't have to dump a lot of money into then 420 16th St in Sparks is what you're looking for! A six unit building that has been very well maintained inside and out. Renovations have been done on four of the six units. Three units had new HVAC systems installed within the past 5 years. Two units had new furnaces installed in the past 5 years. Parking lot was sealed in 2022. Full exterior paint completed in July of 2023., Two of the upstairs units have private balconies, and one of the downstairs units has a fenced in paved patio. Very large, fully fenced in BBQ area located on the side of the building. 12 Parking spaces. Possible for future rental increases to market rent for a few of the units as well.
Location
State NV
County Washoe
Zoning Mud
Direction Prater to 16th St
Interior
Heating Electric, Forced Air, Natural Gas
Cooling Central Air, Electric, Refrigerated
Flooring Vinyl
Laundry None
Exterior
Parking Features Assigned
Utilities Available Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Lot Description Landscaped
Story 2
Foundation Slab
Water Public
Structure Type Frame,Wood Siding
Others
Tax ID 03207323
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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