234 18th ST new Save Request In-Person Tour Request Virtual Tour
Sparks,NV 89431
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,575 sqft
Price per Sqft $278
Subdivision Newtown Tract
MLS Listing ID 250058430
Year Built 1960
Annual Tax Amount $1,976
Lot Size 5,967 Sqft
Property Sub-Type Quadruplex
Property Description
Investor Alert! This 4-unit charming brick multifamily property is an exceptional opportunity to secure a strong, income-producing asset. All four units feature 2 bedrooms and 1 bathroom, 1 car garage per unit offering highly desirable layouts for long-term tenants. Two units are currently rented with 1-year leases already in place, providing immediate and stable cash flow. The property includes a community coin-operated washer and dryer for tenant convenience, adding additional income potential. Each unit has been upgraded with Airport Authority windows, and the roof has also been updated, offering peace of mind and reduced future maintenance costs, conveniently located near, highway, dining, bus lines and Sparks community entertainment, small area for dogs to play. Cashflow documents and financials are available upon request. Don't miss your chance to add this well-maintained, turnkey investment to your portfolio or occupy 1 unit and rent the rest qualifying for owner occupancy lending !
Location
State NV
County Washoe
Community Newtown Tract
Area Newtown Tract
Zoning MUD
Interior
Heating Electric,Wall Furnace
Flooring Vinyl
Laundry Common Area
Exterior
Exterior Feature Dog Run,Rain Gutters
Parking Features Alley Access,Assigned,Attached,Garage
Pool None
Utilities Available Electricity Connected,Sewer Connected,Water Connected,Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Lot Description Landscaped
Story 1
Foundation Crawl Space
Water Public
Structure Type Brick Veneer
Schools
Elementary Schools Mitchell
Middle Schools Sparks
High Schools Sparks
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA