$802,500
$850,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
4,316 SqFt
SOLD DATE : 10/09/2025
Key Details
Sold Price $802,500
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,316 sqft
Price per Sqft $185
Subdivision Prater Addition To Sparks
MLS Listing ID 250050861
Sold Date 10/09/25
Year Built 1930
Annual Tax Amount $2,760
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 0.36
Property Sub-Type Multi Family
Property Description
Motivated Seller! Open to reasonable offers, located close to the freeway with easy access to USA parkway, shops, stores and restaurants. According to the city of Sparks City Planner, the lot appears to be splittable, offering for more flexibility and value add in the future and there is great potential for upside through interior improvements and rent increases! All of the properties are rented under market value with room to increase your proceeds! Plenty of off street parking for all of your tenants. This commercial multi-family property includes four 2-bed, 1-bath units in a two-story 4-plex with a tile roof, plus a detached 2-bed, 1-bath single-family home (note: bedrooms in the house do not have closets but is a 2 bedroom per assessor records). 4 units are tenant-occupied on month-to-month leases, offering flexibility for value-add strategies. The current owner occupies a unit in the 4-plex and will vacate at close of escrow. Two of the 4-plex units have backyards, a very attractive addition for many prospective renters. Partial updates include newer LVP flooring and painted cabinets in one unit, and painted cabinets in another. Remaining units are in original or mixed condition. Ideal for a multi-family buyer seeking immediate returns and long-term growth potential and is being sold as- is.
Location
State NV
County Washoe
Community Prater Addition To Sparks
Area Prater Addition To Sparks
Zoning MUD
Direction Prater, to 12th st, to H st.
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Cooling Refrigerated, Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace No
Laundry Common Area, Washer Hookup
Exterior
Parking Features Accessible Parking, Asphalt, On Site, On Street, Parking Lot, Paved
Utilities Available Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
View Y/N No
Roof Type Asphalt,Shingle,Tile
Garage No
Building
Lot Description Level
Story 2
Foundation Crawl Space
Water Public
Structure Type Asbestos,Asphalt,Fiberglass Siding,Wood Siding
Others
Tax ID 031-222-19
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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