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

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

©2024 Northern Nevada Regional MLS. All rights reserved.

Data last updated 1:02 AM UTC, 10/15/2024

Powered byLuxury Presence