1800 Prater Way - Apartments FOR SALE


Sparks, NV 89431- Downtown Sparks
$6,100,000 USD
503-680-4638
1800 Prater Way, Sparks, NV for Sale
$6,100,000 USD
Apartments - FOR SALE
1/7
null | 4.77% Cap Rate

1800 Prater Way
Sparks, NV 89431
Downtown Sparks


HIGHLIGHTS

  • 39 Units in a well-maintained, recently upgraded property
  • New Roof and Upgraded Electrical Panel
  • All-Copper Plumbing for reduced maintenance costs
  • Interior Upgrades including new vinyl plank flooring and updated appliances in select units
  • Prime Location with easy access to major employment, shopping, and entertainment

OVERVIEW

Deer Park Apartments – 39 unit Apartment Investment Opportunity in Sparks, Nevada. Assumable debt at 3.4%, fixed until October of 2028 available to qualified investors. The Deer Park Apartments is a well-maintained and recently upgraded multi-family investment opportunity in the heart of Sparks, Nevada. This property has undergone major capital improvements, including new roofs, upgraded electrical panels, and boast all-copper plumbing, ensuring long-term durability and reduced maintenance costs for future ownership. The interiors have also received significant enhancements, with new vinyl plank flooring and updated appliances in select units, offering modern comfort and appeal to tenants. Strategically located with easy access to major employment centers, shopping, and entertainment, Deer Park Apartments provides strong rental demand in a thriving market. This is a turnkey opportunity for investors looking for a well-positioned asset with recent capital improvements and long-term value potential. For Sale by Owner. The information provided regarding the property located at 1800 Prater Way, Sparks, NV is for informational purposes only and is presented by the property owner without representation by a licensed real estate agent or broker. The seller makes no guarantees, warranties, or representations, express or implied, regarding the condition, value, or suitability of the property. Prospective buyers are encouraged to conduct their own due diligence, including but not limited to, obtaining professional inspections, reviewing public records, verifying zoning regulations, and consulting legal and financial professionals before completing a purchase. The seller assumes no liability for errors, omissions, or misstatements contained in any marketing materials, property descriptions, or verbal communications. All property information is subject to change without notice. Any agreements or negotiations related to the sale of this property shall be conducted directly between the buyer and seller. One of the owners is a licensed real estate broker in Oregon and Washington.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

39

PRICE/UNIT

$156,410

CAP RATE

4.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deer Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

MUD

APN/PARCEL ID

031-342-03

ASK ABOUT THIS PROPERTY

Grayson Pounder6105 S Macadam Ave, Portland, or 97239More Info
503-680-4638

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Grayson Pounder6105 S Macadam Ave, Portland, or 97239More Info
503-680-4638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.