Skip To Content

1940 Prater Way , A Through E + 1

Sparks, NV 89431
  • $999,000
  • STATUS: Active
  • ON SITE: 39 days
  • MLS #: 210008730
UPDATED: 112 min ago
$999,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,304
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

O P P O R T U N I T Y Project Currently this parcel is a low grade commercial building with 5 rentals in back. The cash flow info on the listing information is for that. However; sale includes all the Pre-Plan documents and Drawings, parking lot approvals, set backs, Fire Dept/TMWA approval to install fire hydrant; everything needed to erect a 30 unit 2 bedroom Apartment Complex. Current Owner will also participate in the demolition and some hand holding to get the buyer to the Full Plan Final Approval.

Monthly Payment Calculator

© 2021 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX 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: 2021-07-29T00:19:46.467.
www.vaulethomes.com/homes/118522550
Print Image

1940 Prater Way , A Through E + 1 Sparks, NV 89431

  • Price: $999,000
  • Status: Active
  • Updated: 112 min ago
  • MLS #: 210008730
0
Beds
0
Baths
0
½ Baths
0.74
Acres
3,304
SQFT
$302
$/SQFT
1950
Built
Neighborhood:
Sparks
County:
Washoe
Area:
Sparks
Elementary School:
Lincoln Park
Middle School:
Dilworth
High School:
Sparks
Property Description
O P P O R T U N I T Y Project Currently this parcel is a low grade commercial building with 5 rentals in back. The cash flow info on the listing information is for that. However; sale includes all the Pre-Plan documents and Drawings, parking lot approvals, set backs, Fire Dept/TMWA approval to install fire hydrant; everything needed to erect a 30 unit 2 bedroom Apartment Complex. Current Owner will also participate in the demolition and some hand holding to get the buyer to the Full Plan Final Approval.
Exterior Features

Construction Wood Frame Exterior Wood Siding Fenced Back Foundation Concrete Slab Landscaped None Parking Capacity 15 Parking Types CarportCommonDesignated Parking Roof Composition/ShinglePitched Sprinklers None

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 0 2 Bedroom Baths 1 2 Bedroom Sq Ft 0 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DryerOven/RangeRefrigeratorWasher Flooring CarpetSheet Vinyl Heating Cooling Air UnitForced AirNatural Gas Laundry Hook-UpSeparateVaries Per Unit Manager Unit Baths 1 Manager Unit Bedrooms 1 Manager Unit Sq Ft 400 Stories 1 Story Studio Baths 1 Studio Sq Ft 0 Unit Features Blinds/ShadesDrapes/CurtainsFire SprinklersFurnished Water Heater Natural Gas Windows Metal FrameSingle Pane

Property Features

1 Bedroom Avg Rent Per Unit 350 1 Bedroom Units 1 2 Bedroom Avg Rent Per Unit 675 2 Bedroom Units 2 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 4200 Annual Income And Expenses Actual Annual Vacancy 0 Apod Available Yes Common Features Alley AccessFire AlarmRv Access/ParkingStorage Shed Documents On File Financial StatementsRental/LeasesSurvey Facility Features Resident ManageSeparate Heating/CoolingSeparate Meters-ElectricSeparate Meters-WaterSeparate Water HeatersSeparated Meters-GasTenant Pays Utilities Green Features None Gross Scheduled Income 34200 HUD No Multifamily Type Apartment Complex Net Operating Income 30000 Owners May Sell CashConventionalOwner Carry 2nd Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 1 Utilities City SewerCity/County WaterElectricityInternet AvailableNatural GasTelephone Zoning Actual 400 - General Commercial

© 2021 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Call It Closed International.

© 2021 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX 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: 2021-07-29T00:19:46.467.
 
https://bt-photos.global.ssl.fastly.net/reno/orig_boomver_1_210008730-2.jpg https://bt-photos.global.ssl.fastly.net/reno/orig_boomver_1_210008730-2.jpg https://bt-photos.global.ssl.fastly.net/reno/orig_boomver_1_210008730-2.jpg
Logo
Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502