542 7Th St Sparks, NV 89431
- Commercial real estate
- 9,114 SF
- 0.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 542 7Th St
- Year built
- 2024
- Lot size
- 0.28 lot acres
- Property size
- 9,114 SF
- Property type
- Commercial real estate
- APN
- 03324214
Description
This exceptional 14-unit apartment building, completed in 2024, presents a lucrative investment opportunity in the thriving Sparks, Nevada market. Situated on a 0.28-acre lot at 542 7th St, this two-building complex boasts 9,114 square feet and offers three stories of modern living. Each of the 14 units features durable luxury vinyl plank flooring, stainless steel appliances, individual mini-split heating and cooling systems, stylish light grey shaker cabinets, and quartz countertops. Further enhancing the appeal, every unit includes its own in-unit washer and dryer. The property's prime location offers unparalleled convenience, with proximity to Sparks Marina, Legends shopping mall, Victorian Square, I-80, and downtown Reno. The property is zoned MUD and has an asking price of $4,250,000, translating to $466.32 per square foot and $303,571.43 per unit. This represents a remarkable opportunity to acquire a high-quality, newly constructed multifamily asset in a rapidly growing area. The property's modern design and desirable location are sure to attract high-quality tenants, ensuring strong rental income and a solid return on investment. The APN is 03324214.
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
- -119.7513445
- Latitude
- 39.538616
