Active
2150 Victorian Ave
Sparks NV, 89431
$2,800,000
$550.21 per sqft
Active
23 Baths
5,089 sqft
Multi-family
Built in 1943
Seller financing is available, and seller would prefer to sell as a portfolio with The Townsite (250 W Commercial). With seller financing terms for both assets, buyer would cash flow and 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 the 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 with various options available to suit different needs. A unique feature of Sparks Studios is the inclusion of three travel trailers connected to utilities that can rent for $1,300 each. There is a high demand for these (currently on a waitlist), and it adds to the retro charm of the complex. There is also the ability to add a fourth one on site for increased income. Additionally, five fully-furnished units are dedicated to short-term rentals, which can be rented nightly or weekly, providing flexibility and increased revenue, especially during peak times. For further details and investment analysis reach out to listing agent.
240008175
MLSⓇ ID
June 28, 2024
Listed
October 15, 2024
Updated
Map
2150 Victorian Ave
Sparks NV, 89431
Interior Features
Total Bathrooms
23
Half Bathrooms
5
Appliances
Refrigerator, Microwave
Laundry Description
Common
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Evap Cooling, Natural Gas, Wall Heater
Heating
Yes
Heating Description
Evap Cooling, Natural Gas, Wall Heater
Exterior/Building Features
Lot Size
0.52 Acres
Exterior Features
Masonry Veneer, Stucco
Roof
Composition/Shingle, Pitched
School Information
High School
Sparks
Elementary School
Mitchell, Robert
Other Property Details
Days on Market
5
Garage
No
Parking
Common
Parking Total
23
View
No
County
Washoe
Municipality
No
Pool
No
Zoning
MUD
Courtesy of Address Income, Trevor Richardson
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Data last updated 1:02 AM UTC, 10/15/2024