FOR SALE
2150 Victorian Ave, Sparks, NV 89431
2150 Victorian Ave, Sparks, NV 89431
DESCRIPTION
Seller financing is available, and the seller would prefer to sell as a portfolio with The Townsite (250 W Commercial). With seller financing terms for both assets, the buyer would have cash flow, and the potential cash on cash could be around 8%.
Sparks Studios is a charming, retro, mid-century modern 23-unit complex located at 2150 Victorian Ave, Sparks, NV. This multi-family property offers a mix of studio and one-bedroom units ranging in size from 220 to 400 square feet, making it a cozy and efficient living space.
Conveniently located in Sparks near Victorian Square, the location provides easy access to various amenities and public transportation. Residents can enjoy the convenience of laundry facilities on site. Parking is plentiful, and various options are available to suit different needs.
A unique feature of Sparks Studios includes three travel trailers connected to utilities that can be rented for $1,300 each. There is a high demand for these (currently on a waitlist), which adds to the complex's retro charm. Five fully furnished units are also dedicated to short-term rentals, which can be rented nightly or weekly, providing flexibility and increased revenue, especially during peak times.
Seller financing is available, and the seller would like to sell along with The Townsite (250 W Commercial). Contact a listing agent for further details and investment analysis.
*This property can be sold separately or with 250 W Commercial*
PROPERTY DETAILS
Listing Status
ACTIVE
Square Footage
5,089
Gross Ann. Income
$374,570 (proforma)
Listing Price
$2,800,000
Price Per SqFt
$550
Units
23
Year Built
1943
Lot Size
0.52 AC
Type
Motel
FOR SALE
250 W Commercial Row
250 W Commercial Row
Reno, NV 89501
Listing Price: $1,800,000
Price per sqft: $487
Units: 14
Type: Motel
Year Built: 1959
Property Financials + Reports
MULTIFAMILY INVESTMENT PROPERTY ANALYSIS (MIPA)
What is a MIPA?
The MIPA is a comprehensive analysis reporting tool for multifamily investment properties that provides all the pertinent information necessary to make an informed and strategic purchase decision.
2150 Victorian (Listing Package)
What is a Listing Package?
The Listing Package is a full comprehensive summary of the listing.