Sparks, NV 89431,1124 H ST Street
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Sparks, NV 89431,1124 H ST Street
Sparks, NV 89431,1124 H ST Street
Sparks, NV 89431,1124 H ST Street
Sparks, NV 89431,1124 H ST Street
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Valarie Jackson

Valarie Jackson

Valarie Jackson LLC

+1(816) 808-9894
$ 925,000
Est. payment /mo
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Active

1124 H ST Street Sparks, NV 89431

4,316 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,316 sqft

Price per Sqft $214

Subdivision Prater Addition To Sparks

MLS Listing ID 250050861

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

1124/1126 H St. Property is at a 6.5% cap rate (with the proforma of the owner's rent amount of $1,100) and there is great potential for upside through interior improvements and
rent increases. All of the properties are rented under market value.

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 and one of the 4-plex units will be delivered vacant as of June 30th. 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.

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, Electricity Connected, Internet Available, Internet Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed

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


Listed by Coldwell Banker Select Mt Rose

GET MORE INFORMATION

Name

Phone*

Message

Valarie Jackson

+1(816) 808-9894

val@investingreno.com

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1124 H ST Street