2150 Victorian Ave Sparks, NV 89431-4129
Property profile & analytics
2150 Victorian Ave Sparks, NV 89431-4129
- Motels
- 5,089 SF
- 0.52 lot acres
Property ID
US62-0254589
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- J B Rentals / Hotel & Motel
- The Sparks Studios / Apartment Complex / Hotel
- Passive Real Estate Fund / Financial Advisor
Property Details for 2150 Victorian Ave
- Year built
- 1943
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 5,089 SF
- Zone code
- MUD
- Property type
- Motels
- APN
- 032-023-06
- APU
- 3202306
Description
This exceptional 23-unit apartment complex, known as Sparks Studios, presents a compelling investment opportunity. Located at 2150 Victorian Ave, Sparks, NV 89431, this multifamily property boasts a total of 5,089 square feet situated on a 0.52-acre lot. Built in 1943 and extensively renovated in 2021, the property comprises two one-story buildings and offers a mix of studio and one-bedroom units ranging from 220 to 400 square feet. The property features on-site laundry facilities and ample parking. Adding to its unique appeal are three rentable travel trailers, currently generating $1,300 each per month and operating with a waiting list, and five fully furnished units dedicated to short-term rentals, providing additional revenue streams. Recent renovations include a new roof, water heaters, electrical upgrades, gas and sewer line repairs, new flooring, paint, and kitchenettes. The property's strong financial performance is reflected in its $2,800,000 asking price, a $550.21 price per square foot, a 7.90% cap rate, and a net operating income (NOI) of $221,104. The property is zoned MUD and has a Washoe County APN of 032-023-06. Seller financing is available. Detailed financial information, including a rent roll, is available upon request. This property offers a blend of stable long-term rental income and the potential for increased revenue through short-term rentals and the unique travel trailer units. The convenient Sparks location near Victorian Square provides easy access to amenities and public transportation.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.772
- Latitude
- 39.5356
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,682
$74,736
$58,676
$133,412
-
$213,532
$167,647
$381,179
