Mixed Use Portfolio w Strong CAP FOR SALE


Sparks, NV - Downtown Sparks
$2,085,000 USD
775-420-7547
, Sparks, NV for Sale
$2,085,000 USD
FOR SALE
1/22
null | 7.69% Cap Rate

Mixed Use Portfolio w Strong CAP
Sparks, NV
Downtown Sparks


HIGHLIGHTS

  • The convenience store is centrally located around schools, office buildings, and two senior citizen apartment buildings.
  • Residential units offered at a 6.3% CAP.
  • Ideal offering for an owner/user with diversified incomes sources.
  • Portfolio Sale (all on same parcel)

OVERVIEW

NOTE: FINANCIALS HAVE BEEN UPDATED WITH STRONG 2024 SALES AND RENTAL INCOME RESULTS. Portfolio Sale (all on same parcel): Includes 1 triplex ((1) 2+1 and (2) 1+1), 1 single-family home, 1 commercial building and 1 retail/convenience store business (operated in the commercial building). Tri-plex and Single-family home combined are offered at a 6.3% CAP rate. Commercial building AND business are offered at a 8.7% CAP rate. Blended CAP rate for the portfolio is 7.7%. For questions about Nemo's Market (the business), contact the business owners. Call listing agent for owners contact information. Additional information about the real property can be seen as follows: Triplex/single family listing is in the NNRMLS under MLS # 240014209. Commercial building is in the NNRMLS under MLS # 240014208. *** List Price is for all real property (Triplex, Single Family, Commercial building) PLUS the business (which will be negotiated and sold BY THE OWNERS and simultaneous with the real property). *** This offering is ideal for an owner/operator. If you want an investment that offers strong income and at the same time diversity for portfolio safety, this could be what you are looking for. Recurring, contractual and growing income can be realized from residential leases for the tri-plex and the single-family properties, while at the same time collecting retail sales income from the continued operation of a community convenience store, Nemo's Market in Sparks, NV. Gross Square Footage (5207sf) on this listing is the sum of the commercial building (1440sf) and the two rentals. Triplex is 1612sf & the single family is 2155sf (1147sf main floor + 1008sf in finished basement). Property taxes is for all real property on the single parcel. To see the Washoe County NV records for this offering, search for 431 Wright Way.

ASK ABOUT THIS PROPERTY

Burt MyersRealty One Group EminenceMore Info
775-420-7547

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

Burt MyersRealty One Group EminenceMore Info
775-420-7547

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