$975,000
Excellent long-term investment opportunity to own four extremely well-maintained units in one of Sparks' most walkable, in-demand neighborhoods. Owner has invested extensively in Capital Expenditures to achieve a very low maintenance property. 1230 E Street includes a newly remodeled single-family home out front and a well-maintained two-story triplex behind it. The front home is a charming, meticulously maintained 1922 two-bedroom, one-bath residence with 925 square feet. It has been fully refreshed with a newly completed remodel. The 1980-built triplex is 2,328 square feet across three units: one two-bedroom, 1.5-bath unit and two one-bedroom, 1.5-bath units. Each unit on the property has in-unit laundry and forced-air heat. All units are fully occupied. The property sits in Victorian Square in the heart of downtown Sparks. Tenants can enjoy the movie theater, Great Basin Brewing, local restaurants and coffee shops, the Nugget Casino Resort, and the seasonal Sparks Hometowne Farmers Market. The square also hosts signature events like the Best in the West Nugget Rib Cook-off and Hot August Nights. Quick access to I-80 puts tenants minutes from downtown Reno, the Sparks Marina, and Reno-Tahoe International Airport. It's also a straight shot east to the Tahoe Reno Industrial Center, home to Tesla's Gigafactory, Panasonic, and many other major employers. That steady employment base keeps rental demand high. Financial information is available on request.
6
Beds
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4
Baths
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260012185
MLS
1230 E St, Sparks
