Sparks Residential Investment Property for Sale - Near Tesla
Sparks offers the closest 'critical mass' residential areas to Tesla and offers all of the everyday amenities for shopping and schools as well. Most of the multifamily properties in Sparks are along Interstate 80 (to the North) and within the McCarran Loop. While offering closer proximity to Tesla, the Sparks multifamily properties would not be able to offer the tenant the same lifestyle conveniences as Reno's downtown and midtown areas. If the urban lifestyle is not a top priority for prospective tenants, Sparks is probably the all around most convenient area to attract rental demand. For maximum demand on single family homes for rent in Sparks, you may want to consider the Spanish Springs areas as part of your investment strategy. Listings updated every 15 minutes.
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Updated four-plex near Victorian Square with 6.1% Pro-forma CAP rate. Newer tri-plex built in 2005 consists of a 2 bed 2 bath upstairs apartment, two 1 bed 1 bath downstairs apartments and a laundry. Each unit has an open floor plan and spacious bedrooms. The front house is a 2 bed 1 bath home with hardwood floor. This home has been updated over the years and retains the charm and appeal of a 1940s home. These units have been meticulously maintained and cared for. Close to 20 restaurants.
Great Investment Opportunity, 5% cap rate. Live in one unit and rent out the back home or rent out both. both units have been updated and are professionally managed. 12 month rental income and expense are uploaded under the Docs File Please Drive by Only, Call Agent for showings, currently due to the covid19 we are doing showings with approved offer contingent on Visual walkthrough with in 4 Business Days.
Multi-Family Unit is one building with two units. Upstairs unit is 1588 sq ft (2 stories, 3 bedroom, 2 baths) and the bottom unit is 813 Sq Ft (1 bed, 1 bath). Both units have been completely renovated and updated with beautiful high end materials.
Super cute Sparks investment property with newly signed leases in place. A cap rate of 6.2%, this home generates nearly $30K in gross annual income with low expenses. The front house is a 2 bed/1 bath/1 car garage, that has been totally remodeled with new interior paint, cabinets, granite counter tops, and laminate flooring throughout. The bathroom has new tub, tile walls/floor, sink, and toilet.
Great investment opportunity in Sparks with strong cap. Wonderful Duplex - each unit has 2 bedroom, 1 bath, 1 car garage, washer dryer hook-ups, and evaporative cooler. New roof replaced in 2017, new furnace in unit 455 in 2012, new wooden fence on property line built this year in March. Unit 455 has a large backyard, unit 475 has a large, private patio. Unit 455 is leased through 9/30/2020 and unit 475 is leased through 1/31/2021. Property is professionally managed and has been well maintained.
SELLER FINANCING w 25% DOWN. Pro-forma CAP rate is 7.2%. Updated triplex close to downtown. It consists of a single family home and a duplex. The single family home has recently been updated with a new kitchen, granite countertops and newer appliances. The single family home has 3 bedrooms and 2 bathrooms and was built in 1930. The duplex was built in 1996 and consists of two 1 bed 1 bath units. The rents for the 1 bed units is estimated at $900/month and the single family home at $1350/month.
Almost an acre of land in total and minutes away from 2 arterial roads, this might be a great location for a multi family build. Located in Sparks and zoned MUD, you have plenty of options and a great upside potential. Current duplex maintains constant tenancy with low vacancy rate. Included in this listing is the vacant lot adjacent to property, APN 03108156. Follow 10th street to the end and follow it around the bend to the duplex. Access to units will be granted to prospective buy upon offer acceptance.
The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than CalNeva Realty are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Listing information last updated on July 10th, 2020 at 8:11am PDT.