2580 E Street presents an opportunity to acquire a 4-plex located in central Sparks with great access to bus lines, Interstate 80, shopping, and employers. These single level large 660 sqft one bedroom, one bathroom units each have on-site parking, open floorplans with larger kitchens, The property has recent exterior paint, and has easy to maintain zero scape landscaping. Value add asset with in place below market rents for the opportunity to add upside in raising rents. The tenants are also billed back between $73 to $75 a month for sewer, water, trash. Same owner has 2549 E St listed for sale and the owner would consider selling both as a portfolio sale. Multifamily property owners continued to see rising rental rents from the shrinking supply and increased demand, and incoming major employers. Investors buying in Nevada benefit from competitive cap rates, rising rental rates, friendly landlord laws, and benefit from Nevadas lack of a state income tax.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
