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Multifamily

442 11th St

442 11th St, Sparks, NV 89431

Listing Price: $1,500,000

Cap Rate
4.92%
Number of Units
8
GRM
13.33
Occupancy
95.0%
Price/Unit
$187,500
Price/Gross SF
$288.46
Gross SF
5,200

Investment Overview

Marcus & Millichap is excited to introduce 442 11th St, featuring a total of 8 units between two buildings, comprising a balanced mix of 1-bedroom and 2-bedroom units. The property has been meticulously maintained over the years, evident in its consistently high occupancy rates. Whether you're considering a value-added investment strategy or seeking stable cash flow without immediate heavy investment, this property offers both options.

Strategically situated in downtown Sparks, this property enjoys proximity to a plethora of activities and events within walking distance, creating a vibrant atmosphere. Additionally, its central location provides convenient access to major thoroughfares, allowing you to traverse the city in 20 minutes or less.

Investment Highlights

  • Prime Location – Within walking distance of Victorian Square, offering a host of year-round activities and events that truly energize the area.
  • Varied Unit Configuration – A balanced mix of 1-bedroom and 2-bedroom units, providing versatility.
  • Operational Adaptability – This property offers a solid foundation for either a value-added investment approach or maintaining current operations with minimal capital improvements needed.

Exclusively Listed By

Multifamily

442 11th St

Listing Price: $1,500,000

Cap Rate
4.92%
Number of Units
8
GRM
13.33
Occupancy
95.0%
Price/Unit
$187,500
Price/Gross SF
$288.46
Gross SF
5,200

Investment Highlights

  • Prime Location – Within walking distance of Victorian Square, offering a host of year-round activities and events that truly energize the area.
  • Varied Unit Configuration – A balanced mix of 1-bedroom and 2-bedroom units, providing versatility.
  • Operational Adaptability – This property offers a solid foundation for either a value-added investment approach or maintaining current operations with minimal capital improvements needed.

Investment Overview

Marcus & Millichap is excited to introduce 442 11th St, featuring a total of 8 units between two buildings, comprising a balanced mix of 1-bedroom and 2-bedroom units. The property has been meticulously maintained over the years, evident in its consistently high occupancy rates. Whether you're considering a value-added investment strategy or seeking stable cash flow without immediate heavy investment, this property offers both options. Strategically situated in downtown Sparks, this property enjoys proximity to a plethora of activities and events within walking distance, creating a vibrant atmosphere. Additionally, its central location provides convenient access to major thoroughfares, allowing you to traverse the city in 20 minutes or less.

Exclusively Listed By

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