1325 Prater Way Sparks NV 89431 | Keller Williams Realty

  • 1325 Prater Way 

  • Sparks, NV 89431
  • 0 bed | 0 fullbath | 0 sqft | Other
  • $795,000

  • Est. Monthly Payment: $1,232,123/mo calculator
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Angela Beard

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Description

Unique opportunity to acquire a small multi-family opportunity consisting of four 2 bedroom 1 bathroom units with upside in rents on half the units. Interior features include individual wall gas furnaces, large living room / kitchens, washer and dryer hookups, and much more. 3 out of the 4 units have been remodeled. The property has been very well maintained with new landscaping and parking asphalt. Listing Agent: Angela L Beard Email Address: [email protected] Broker: Keller Williams Realty Sparks The units have historically leased very quickly due to the close proximity to Victorian Square, which is one of the main entertainment districts for Sparks, NV. Great opportunity for an investor or an owner occupant. Do not disturb the tenants. Showings only with an accepted offer. Offering is subject to the Seller identifying an acceptable 1031 replacement property. The property is in the west Sparks sub-market, just a couple of blocks north of the Victorian Square area. The current vacancy for that sub-market for the 3rd quarter 2019 is 2.74% according to the most recent Johnson Perkins Griffin Apartment Survey. The city of Sparks is a growing suburban community and part of the ‘Biggest Little City’. Location offers a quick drive to Lake Tahoe, Pyramid Lake, and Reno Tahoe Industrial Center. Renting in Sparks offers tenants direct access to the Outlets at Legends, Victorian Square (home to the Sparks Heritage Museum), casinos, breweries, Hot August Nights, Hometown Farmers Markets, and much more. Convenience to I-80 and I-580 as well as Reno-Tahoe International Airport makes getting to and from Sparks simple and quick.

Interior Features

  • Bedrooms: 0
  • Full Baths: 0
  • SQFT: 0

Exterior Features

  • Lot Size: 34848.000519
  • Stories: 2

Utilities

Community Details

Additional Information

  • County: Washoe
  • Property Type: Other
  • Annual Taxes: 1292
  • Year Built: 1960

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