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    625-627 9th Street

    Sparks, NV 89431
    • $529,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 210008272
    Price Reduced
    UPDATED: 121 min ago
    $529,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,640
      SQFT
    • $200
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare offering of a fully leased multi-family property, performing at 5%+ cap rate. There are two homes on this parcel and the garage was converted to a non-conforming one bedroom unit. 627 9th was built in 1927 with recent upgrades and 625 9th was built in 1980. Please do not disturb the tenants. Access to these properties will be granted after a ratified purchase contract. Contact Todd for the 2020 profit and loss.

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    © 2021 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NVGemme Real Estate | Lori Gemme Real Estate. Real estate listings held by brokerage firms other than NVGemme Real Estate | Lori Gemme Real Estate are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-08-01T00:19:43.4.
    www.nvgemmere.com/homes/118164811
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    625-627 9th Street Sparks, NV 89431

    • Price: $529,000
    • Status: Active
    • Updated: 121 min ago
    • MLS #: 210008272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,640
    SQFT
    $200
    $/SQFT
    1927
    Built
    Neighborhood:
    Sparks
    County:
    Washoe
    Area:
    Sparks
    Elementary School:
    Mitchell, Robert
    Middle School:
    Dilworth
    High School:
    Sparks
    Property Description
    Rare offering of a fully leased multi-family property, performing at 5%+ cap rate. There are two homes on this parcel and the garage was converted to a non-conforming one bedroom unit. 627 9th was built in 1927 with recent upgrades and 625 9th was built in 1980. Please do not disturb the tenants. Access to these properties will be granted after a ratified purchase contract. Contact Todd for the 2020 profit and loss.
    Exterior Features

    Construction Wood Frame Exterior AsbestosStucco Fenced PartialVaries Per Unit Foundation Concrete/Crawl SpaceMasonry Landscaped Partially Landscaped Parking Capacity 2 Parking Types Common Roof Composition/ShinglePitched Sprinklers None

    Interior Features

    1 Bedroom Baths 1 1 Bedroom Sq Ft 400 2 Bedroom Baths 1 2 Bedroom Sq Ft 1200 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 2 4 Bedroom Sq Ft 1040 Appliances Refrigerator Flooring CarpetCeramic TileSheet Vinyl Heating Cooling Forced AirNatural Gas Laundry None Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 1 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Varies Per Unit Water Heater Natural Gas Windows Metal FrameSingle Pane

    Property Features

    1 Bedroom Avg Rent Per Unit 600 1 Bedroom Units 1 2 Bedroom Avg Rent Per Unit 1350 2 Bedroom Units 1 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 1450 4 Bedroom Units 1 Access Public Annual Debt Service 0 Annual Expenses 8264.38 Annual Income And Expenses Actual Annual Vacancy 5 Apod Available No Common Features None Documents On File Financial StatementsRental/Leases Facility Features Landlord Pays UtilitiesSeparate Meters-ElectricSeparate Meters-WaterSeparate Water HeatersSeparated Meters-GasTenant Pays Utilities Green Features None Gross Scheduled Income 35880 Multifamily Type 2 Sfr On 1 Apn Net Operating Income 27615.62 Owners May Sell CashConventionalExchange 1031 Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City SewerCity/County WaterElectricityNatural GasTelephone Zoning Actual Duplex

    © 2021 Northern Nevada Regional MLS. All rights reserved.
    Listing provided courtesy of .

    © 2021 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NVGemme Real Estate | Lori Gemme Real Estate. Real estate listings held by brokerage firms other than NVGemme Real Estate | Lori Gemme Real Estate are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-08-01T00:19:43.4.
     
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    NVGemme Real Estate | Lori Gemme Real Estate
    200 S. Virginia Street, Suite 730
    Reno NV, 89501