2011 H St Sparks, NV 89431
- Residential income homes
- 0.14 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2011 H St
- Lot size
- 0.14 lot acres
- Property type
- Residential income homes
- APN
- 031-261-02
Description
This exceptional multifamily investment opportunity in Sparks, Nevada, presents a compelling case for savvy investors. The property comprises two buildings: a duplex and a single-family residence, totaling three units on a 0.138-acre lot. Built in 1940 and 1947, the property boasts a combined net rentable area of 1,264 square feet. The asking price is $589,000, translating to approximately $196,333 per unit. The property enjoys a strong 5.94% capitalization rate, generating a substantial net operating income (NOI) of $34,972. Recent upgrades include new fencing and railings, a remodeled bathroom, updated appliances, and new flooring, enhancing both the property's value and tenant appeal. Each unit features its own private, fenced yard. The property is zoned MUD and located at 2011 H St, Sparks, NV 89431, in Washoe County. Long-term tenants and solid rental income contribute to low maintenance and high return potential. The property's location in the heart of Sparks offers excellent access to amenities and transportation. This is a turnkey investment ready to generate immediate income. All information is deemed reliable but not guaranteed. APN: 031-261-02.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.7708249
- Latitude
- 39.5405238
