For Sale
$589,000

2011 H StSparks, NV 89431

Three-unit rental portfolio in Sparks, NV.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment opportunity in Sparks, Nevada, presents a compelling case for savvy investors. The property comprises two buildings: a duplex and a single-family residence, totaling three units on a 0.138-acre lot. Built in 1940 and 1947, the property boasts a combined net rentable area of 1,264 square feet. The asking price is $589,000, translating to approximately $196,333 per unit. The property enjoys a strong 5.94% capitalization rate, generating a substantial net operating income (NOI) of $34,972. Recent upgrades include new fencing and railings, a remodeled bathroom, updated appliances, and new flooring, enhancing both the property's value and tenant appeal. Each unit features its own private, fenced yard. The property is zoned MUD and located at 2011 H St, Sparks, NV 89431, in Washoe County. Long-term tenants and solid rental income contribute to low maintenance and high return potential. The property's location in the heart of Sparks offers excellent access to amenities and transportation. This is a turnkey investment ready to generate immediate income. All information is deemed reliable but not guaranteed. APN: 031-261-02.

Highlights

  • Exceptional multifamily investment opportunity in Sparks, NV.
  • Three-unit property (duplex and single-family home) on a 0.138-acre lot.
  • 1,264 square feet of net rentable area; asking price $589,000 ($196,333 per unit).
  • 5.94% capitalization rate, $34,972 net operating income (NOI).
  • Recent upgrades include fencing, railings, bathroom remodel, appliances, and flooring; each unit has a private fenced yard.

Property Details for 2011 H St

Property type
Residential income homes
Buildings
2
Lot Size (sq. ft)
6,011 SF
Units
3

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.5405238
Longitude
-119.7708249
2011 H St, Sparks, Nevada

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2011 H St
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