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, Sparks. 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. Location, location, location… Close to 20 restaurants.....
325 15th St. is located in Sparks, Nevada and is steps away from Victorian Square. This 4-plex features townhouse style two bedroom one bathroom units, small fenced yards, with stack able washer dryer hook ups. Property has upside with below market rents. Showings only with an accepted offer. PLEASE DO NOT DISTURB THE TENANTS.
If you are looking for a Great investment property in Sparks you just found it. This property has two single family homes on one parcel and is ideal for Investors or owner occupiers. Close to Schools, shopping and more. 1811 H Street was remodeled in 2019. Upstairs has 2 BR/1 Bath, kitchen and living room. Basement has 2 BR/1 bath, laundry room and living room. Square footage of 1811 H Street includes a finished basement of 768 sq ft. 1811 1/2 H Street was built in 2005 with 2 bedrooms and 1.5 bath.
Multi-Family Unit is one building with two units. Upstairs unit is 1588 sq ft (3 bed, 2 baths) and the basement is 813 Sq Ft (1 bed, 1 bath). Both units have been completely renovated and updated with beautiful high end materials. Lots of options with this one, use the upstairs unit as main living with downstairs being used as next generation/ investment or rent out both units.
Offering 2 income properties: 102 + 122 18th Street. Properties have 2 points of access (two side roads and alley access) for easy construction. Both properties have recently had sewer lines replaced. As there is a total of 6,200 square feet of land, could be used to build a multi-family complex. Both properties have been consistently tenant-occupied and professionally managed for the last 20 years.
SELLER FINANCING w 25% DOWN @ 4.5%. 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. Pro-forma CAP rate is 6.8%.
Investor Opportunity! 6% cap rate for an adorable duplex in sparks. The Tyler side has a month to month tenant at $1,200 a month and the Logan Way side is currently not rented and is in the rehab process. Just need to refinish the gorgeous original hardwood floors and you have a solid income generating property. Open house on Friday March 6th from 4pm-6pm and Saturday March 7th from 11-2. All meters separate except for water. Perfect for frist time home buyer, investor, or flipper.
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.
Ideal investment opportunity! Each unit has its own attached one car garage, laundry, and small private yard/patio. Front unit 2 bed/1 bath; back unit 2 bed/2 bath. Both units have been updated with newer flooring, newer appliances in front unit, newer furnaces, water heaters, roof. Both units are occupied and renting month-to-month. Current rents (approx $900/unit monthly) are below market value as both have been occupied for many years, but still provide a great return as-is. Agents, see private remarks.
Walk a block to elementary & high schools & only 5 blocks to middle school. One block to public transportation & close to freeway, shopping, parks & library. Front unit (A) is a single story, 1005sf , 2 bed/1 bath house & tenant is responsible for maintaining landscaping. The back unit (B) is 2 story, 726sf, 2 bed/1 bath. Both have a storage shed. Leases have reverted to month-to-month. The front tenant has been there 4 years, the back tenant 7 years, and both would like to stay.
Bring me a back up offer, just in case. 1907 BUILT DUPLEX, NEW ROOF, EXTERIOR PAINT, MAY HAVE ROOM FOR ANOTHER UNIT IN THE REAR, EACH UNIT HAS A WASHER AND DRYER, FRIG, AND 2 ACCESSES. NEWER CARPET AND INTERIOR PAINT TOO. SIDE A WAS JUST VACATED BY THE OWNER. LOCK BOX IS ON THE DOOR. UNIT B IS VERY SIMILAR AND CAN BE SEEN AFTER AN ACCEPTED OFFER. UNIT B HAS A PORTABLE DISHWASHER AND A GREAT TENANT THAT IS ON A MONTH TO MONTH. BOTH UNITS HAVE WINDOW A/C.
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Listing information last updated on March 28th, 2020 at 7:12am PDT.