1947 & 1949 H St, Sparks, NV 89431

Description

Chase International is pleased to present this turnkey 6 unit multifamily investment near downtown Sparks. This fully leased, income producing rental property in the highly sought-after Reno market boasts a cap rate yield above 6.27 percent based on actuals. This six-unit multifamily property at 1947 & 1949 H Street in Sparks, Nevada features four spacious 2 bed / 1 bath units, and two 1 bed/ 1 bath units, presenting a rare opportunity to acquire a stabilized income asset with long-term redevelopment upside in a growing Northern Nevada submarket. Situated on two parcels totaling approximately 0.345 acres (±15,028 square feet), the property consists of ±4,392 square feet o...