1124 H St, Sparks, NV 89431

Property Description

Motivated Seller! Open to reasonable offers, located close to the freeway with easy access to USA parkway, shops, stores and restaurants. According to the city of Sparks City Planner, the lot appears to be splittable, offering for more flexibility and value add in the future and there is great potential for upside through interior improvements and rent increases! All of the properties are rented under market value with room to increase your proceeds! Plenty of off street parking for all of your tenants. 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. 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, a very attractive addition for many prospective renters. 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.