NOT LISTED FOR SALE

2240 18th St Sparks, NV 89431

North Rock Neighborhood
8 Beds
4 Baths
3,498 Sq Ft
6,970 Sq Ft Lot

Last Sold January 04, 2024

Last sale price $930,000 $266 Per Sq Ft

35 Days on Market

Highlights

  • Deck
  • Refrigerated Cooling System
  • Landscaped
  • Double Pane Windows
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

Great Investment Opportunity!!! 2240 18th St in Sparks offers exactly what an investor is looking for. A four unit building that has been very well maintained inside and out. Renovations have been completed on every single unit. Every unit is tenant occupied with leases going into 2024. If you are looking for a property that you don't have to sink a lot of money into then this is it! ALL units had a new HVAC system installed in 2018. Full exterior paint was done in 2017., Parking lot sealing was done in May of 2022. All trees around the property were trimmed May of 2023. The water heater in unit 1 was replaced in March 2022. Both downstairs units have fully fenced in backyards. 8 parking spots. Located across the street from Risley Elementary School.

Last Agent to Sell the Property

Randy Brus

BHG Drakulich Realty License #BS.145297 Listed on: 10/06/2023

BHG Drakulich Realty

Last Buyer's Agent

David Bardelli

Sierra Sotheby's Intl. Realty License #S.181853

Sierra Sotheby's Intl. Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,511

Year Built

  • Built in 1978

Lot Details

  • 6,970 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 3,498 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Laminate Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Dishwasher
  • Disposal

Parking

  • 8 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Maxwell Elementary School
  • Sparks Middle School
  • Sparks High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities
  • Assessor Parcel Number 02725105

Community Details

Overview

  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Vacancy Allowance $1,615
  • Net Operating Income $50,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,511

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Year Built: 1978
  • Property Type: Residential Income
  • Road Frontage Type: Public
  • Co List Office Mls Id: 646-o
  • Co List Office Phone: 775-685-8585
  • Directions: Sullivan Ln / Byrd Dr / 18th St
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Dishwasher, Disposal, Gas Range, Refrigerator
  • Flooring: Laminate
  • Number Of Buildings: 1
  • Other Equipment: Varies By Unit
  • Owner Pays: All Utilities
  • Window Features: Blinds, Double Pane Windows, Single Pane Windows, Varies

Exterior Features

  • Roof: Composition, Flat, Membrane, Pitched, Shingle
  • Stories: 2
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio, Deck

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Water Source: Public
  • Laundry Features: None
  • Cooling: Central Air, Electric, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 02725105
  • Fencing: Back Yard, Full
  • Lot Size Sq Ft: 6969.6
  • Zoning: Mf4

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 64620.0
  • Number Of Units Total: 4
  • Income And Expenses Vacancy Allowance: 1615
  • Income And Expenses Vacancy Allowance: 1615

Tax Info

  • Tax Annual Amount: 2511.0

MLS Schools

  • Elementary School: Maxwell
  • HighSchool: Sparks

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2024 01/04/24 Sold $930,000 -6.5% $266 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $995,000 -- $284 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Randy Brus

    Seller's Agent in 2024

    Randy Brus

    BHG Drakulich Realty

    (775) 997-5059

    2 in this area

    47 Total Sales

    Randy Brus
    Section Image
  • David Bardelli

    Buyer's Agent in 2024

    David Bardelli

    Sierra Sotheby's Intl. Realty

    (775) 772-1575

    2 in this area

    24 Total Sales

    David Bardelli
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 230011671

Northern Nevada Regional MLS

Nevada Washoe County Sparks 89431 North Rock

2240 18th St, Sparks, NV

This home is located at 2240 18th St, Sparks, NV 89431 since 06 October 2023. This property was built in 1978. 2240 18th St is a home located in Washoe County with nearby schools including Alice Maxwell Elementary School, Sparks Middle School, and Sparks High School.

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