Sparks, NV 89431,737 16th ST
Sparks, NV 89431,737 16th ST
Sparks, NV 89431,737 16th ST
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$820,000
Est. payment /mo
3,074 SqFt
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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


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agent

Hadley Faught

+1(775) 217-3890

Broker Associate | License ID: BS.0146658

Broker Associate License ID: BS.0146658

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