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MULTI_FAMILY - Sparks, NV
Central Sparks Triplex on big lot, MUD zoned, could support more units. Alley access, stable rents. So close to downtown Sparks, all events are within 5 minutes. 3 bedroom rents for $1600, 2 bedroom rents for $1300, 1 bedroom rent is $1000. Always rented. Some TLC needed on exterior, interiors rehabbed in 2021. Landlord covers utilities, figured into APOD at 6.8% CAP Rate. 8 plex across street, commercial next door. Maximize your return with some creative planning. 3 units under 1 roof. Get rid of old garage, build more units.
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