Property Description

1124/1126 H St. Property is at a 6.5% cap rate (with the proforma of the owner’s rent amount of $1,100) and there is great potential for upside through interior improvements and
rent increases. All of the properties are rented under market value.

This commercial multi-family property includes four 2-bed, 1-bath units in a two-story 4-plex with a tile roof, plus a detached 2-bed, 1-bath single-family home
(note: bedrooms in the house do not have closets but is a 2 bedroom per assessor records). 4 units are tenant-occupied on month-to-month leases, offering flexibility for value-add
strategies and one of the 4-plex units will be delivered vacant as of June 30th. The current owner occupies a unit in the 4-plex and will vacate at close of escrow. Two of the 4-plex
units have backyards.

Partial updates include newer LVP flooring and painted cabinets in one unit, and painted cabinets in another. Remaining units are in original or mixed
condition. Ideal for a multi-family buyer seeking immediate returns and long-term growth potential and is being sold as- is.

Features
: Internet Available, Water Meter Installed, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Phone Available, Electricity Connected, Sewer Connected, Water Connected, Internet Connected, Natural Gas Connected
Address Map
US
NV
Washoe
Sparks
Prater Addition To Sparks
89431
H
1124
0
W120° 14' 32.3''
N39° 32' 30.4''
Additional Info
Coldwell Banker Select Mt Rose
Whitney Myer
06-04-2025 03:49:21
Active
06-04-2025
13943
806-o
05-20-2025
$0
06-04-2025 03:56:04
2
$0
031-222-19
$0
$0

Commercial Sale Residential

1124 H, Sparks, Nevada 89431

0.36 Acre
$925,000
Listing ID #250050861
Basic Details
Property Type : Commercial Sale
Listing Type : Residential
Listing ID : 250050861
Serial Number : 20250603232134384809000000
Price : $925,000
View : Trees
Year Built : 1930
Lot Area : 0.36 Acre
Status : Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent