23 Units including Managers quarters and shop.. Apartment cash flow Is very strong with the potential for addition rental income. This is a very established business with a loyal clientele and is almost always full with long term tenants. Directly across the street from Rail City Casino on heavily traveled Victorian Ave., which is proudly part of the Sparks Downtown Redevelopment District. Next to and visible From I-80 these very unique apartment studios are fully furnished and include full amenities such as, in room kitchen areas equipped with kitchen sinks, counter tops, cupboards, gas oven/ranges, and full size refrigerators. This complex also has property wide wifi, a coin op laundry facility, and a secured single entrance/exit drive with the remainder of the property 100% gated with a 24hrs full HD surveillance system. There are 18 fully furnished studio apartments, two 1 bedroom apartments, and 4 trailers spaces with one bedroom mobiles included that add an additional $3,000 in monthly income. All units are wire ready with cable and phone service. In addition, the property also has a 500 sq ft storage/shop building plumbed with electricity, gas, and sewer utilities and a 100 sq ft separate area that is used as a tool room/supply room. area. Remodeling completed in 2016 included upgraded water delivery system, hot water heating system, 100% rewiring with new metal conduit, load centers, and sub panels. This Properties has mature landscaping maintained by an automated watering system. 8 evaporative coolers make up the properties cooling system, and 50% complete, and still ongoing, is the upgrading of the heating system from gas radiant heating to vent free 99.99% efficient individual radiant gas heater units. When complete it will represent a total savings of over 900,000 in BTU's usage.
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