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Address Income - For Sale Signs (8)-1
737 16th St
Sparks, NV 89431
$820,000
3 Units
Multifamily

$4,108/mo

Address Income

This is the propertie's net monthly income after collected rents and expenses, known and estimated. 

6.01%

Annual Return (Cap Rate)

The Capitilization Rate or "Cap Rate" is the Net Operating Income divided by the Purchase Price. 

Investment Analysis

Download a full Multifamily Investment Property Analysis (MIPA)

Details

Status Active
MLS #  250054980
Taxes $2,227 / year
Type Multifamily
Year Built 1938
Lot Size 0.138 AC / 6,011 SF
County Washoe County

Unit Mix

Unit Type # Units Average SF
Studio    
1 BR    
2 BR 3  1,019
3 BR    
4 BR    
Total 3 3,074

About

Fully permitted triplex with a newer roof, exterior paint, and interior renovations! Featuring a standalone 2-bed, 2-bath house in the back built in 1988 with 1,002 sq. ft., a private backyard, ample parking, in-unit laundry, and a storage shed. On the same lot, there's a permitted duplex in the front of the parcel — each unit offering 2 bedrooms, 1 bath, and 1,037 sq. ft. apiece, also with ample parking and in-unit laundry. Two units have been recently renovated with new flooring, paint, countertops, and more. The top duplex unit has been recently painted and is currently rented at 1,700/month. With achievable market rents of 2,000 for the standalone house, 1,700 for the top duplex unit, and 1,700 for the bottom duplex unit, the property pencils at a 6 cap at the asking price. Recent upgrades include a newer roof, fresh exterior paint, interior paint, and ongoing interior improvements — making this a turnkey opportunity with strong cash flow and long-term equity growth, in a very desirable rental area. Only 25 minutes from the Tesla Gigafactory and Semi Truck factory! Reach out to listing agent for full cash flow analysis breakdown

Interactive Investor Map (34)
Website Agent Profile
Listing Agent
Jake Andronico
Investment Specialist Agent
 
P. 415.233.1796
L. S200197