Description
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.
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0BEDS
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0.52ACRES
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0BATHS
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01/2 BATHS
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5,089SQFT
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$550$/SQFT
School Information
Description
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.
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