737 16th ST new Save Request In-Person Tour Request Virtual Tour
Sparks,NV 89431
Key Details
Property Type Manufactured Home
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,074 sqft
Price per Sqft $266
Subdivision Newtown Tract
MLS Listing ID 250054980
Year Built 1938
Annual Tax Amount $2,227
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.14
Property Sub-Type Triplex
Property Description
Fully permitted triplex with a newer roof, exterior paint, and interior renovations!
Featuring a standalone 2-bed, 2-bath house in the back built in 1988 with 1,002 sq. ft., a private backyard, ample parking, in-unit laundry, and a storage shed.
On the same lot, there's a permitted duplex in the front of the parcel — each unit offering 2 bedrooms, 1 bath, and 1,037 sq. ft. apiece, also with ample parking and in-unit laundry.
Two units have been recently renovated with new flooring, paint, countertops, and more.
The top duplex unit has been recently painted and is currently rented at 1,700/month.
With achievable market rents of 2,000 for the standalone house, 1,700 for the top duplex unit, and 1,700 for the bottom duplex unit, the property pencils at a 6 cap at the asking price.
Recent upgrades include a newer roof, fresh exterior paint, interior paint, and ongoing interior improvements — making this a turnkey opportunity with strong cash flow and long-term equity growth, in a very desirable rental area.
Only 25 minutes from the Tesla Gigafactory and Semi Truck factory!
Reach out to listing agent for full cash flow analysis breakdown.
Location
State NV
County Washoe
Community Newtown Tract
Area Newtown Tract
Zoning MUD
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry In Kitchen
Exterior
Exterior Feature Rain Gutters
Parking Features Alley Access,Common,Varies by Unit
Pool None
Utilities Available Electricity Connected,Internet Available,Natural Gas Connected,Sewer Connected,Water Connected,Cellular Coverage
View Y/N No
Roof Type Asphalt,Shingle
Porch Patio
Garage No
Building
Lot Description Level
Story 1
Foundation Slab
Water Public
Structure Type HardiPlank Type,Wood Siding
Schools
Elementary Schools Mitchell
Middle Schools Sparks
High Schools Sparks
Others
Tax ID 031-351-08
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan