2150 Victorian Avenue

Sparks, NV 89431

$2,800,000
Price
5
Beds
23
Baths
5,089 Sq. Ft.
$550 / Sq. Ft.
5,089
Sq. Ft.
$550
per Sq. Ft.

Description

Seller financing is available, and seller would prefer to sell as a portfolio with The Townsite (250 W Commercial). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Sparks Studios is a charming, retro, mid-century modern 23 unit complex located at 2150 Victorian Ave, Sparks, NV. This multi-family property offers a mix of studio and one-bedroom units, ranging in size from 220 to 400 square feet, making it a cozy and efficient living...Seller financing is available, and seller would prefer to sell as a portfolio with The Townsite (250 W Commercial). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Sparks Studios is a charming, retro, mid-century modern 23 unit complex located at 2150 Victorian Ave, Sparks, NV. This multi-family property offers a mix of studio and one-bedroom units, ranging in size from 220 to 400 square feet, making it a cozy and efficient living space.
  1. Listed by Trevor Richardson • Address Income
  2. Listed by Jake Andronico • Address Income

Property Details for 2150 Victorian Avenue

Zoning Actual
MUD
Total Parking Capacity
23
LISTING UPDATED: 07/02/2024 11:12 PM

Property Details for 2150 Victorian Avenue

StatusActive
MLS #240008175
Days on Compass71
Taxes$4,682 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built1943
Lot Size0.52 AC / 22,651 SF
CountyWashoe County

Building Information for 2150 Victorian Avenue

Stories1Residences-Year Built1943Building Size-Lot Size0.52 AC / 22,651 SF

Property Information for 2150 Victorian Avenue

Summary
Location and General Information
  • Geo Latitude: 39.535553
  • Geo Longitude: -119.772517
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 2150 Victorian Ave
  • Geo Primary City: Sparks
  • Geo Subdivision: NV
  • Geo Postal Code: 89431
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 2150 Victorian Ave
  • County: Washoe
  • Elementary School: Mitchell, Robert
  • Middle School: Sparks
  • High School: Sparks
  • Xstreet/Directions: Victorian Ave and 22nd St
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $4,681.96
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1943.0
  • Acreage: 0.52
  • Type of Property: Apartment Complex
  • Parcel #: 03202306
  • Complex Name: Sparks Studios
  • Gross Square Footage: 5089.0
Property and Assessments
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 06-28-2024
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Evap Cooling, Natural Gas, Wall Heater
  • Water Heater: Circulating Pump, Natural Gas
  • Windows: Double Pane, Single Pane
  • Facility Features: Primary Meter-Gas, Primary Meter-Electric, Primary Meter-Water, Central Water Heaters, Separate Heating/Cooling, Landlord Pays Utilities, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: Furnished, Smoke Detector, Varies Per Unit
  • Appliances: Refrigerator, Microwave
  • Laundry: Common
  • Flooring: Laminate
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Masonry Veneer, Stucco
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cable, City Sewer, Electricity, Natural Gas
  • Landscaped: Partially Landscaped
  • Sprinklers: None
  • Fenced: Back
Room
  • Studio - # Baths: 18
  • 1 Bedroom - # Baths: 5
  • 1 Bedroom - # Units: 5
  • 1 Bedroom - SqFt/Unit: 400
  • 1 Bedroom - Avg Rent/Unit: 1908
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 0
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 18
  • Studio - SqFt/Unit: 221
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 1395
  • # Buildings: 2
  • # Units: 23
  • Stories: 1 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $153,466.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $374,570.00
  • Net Operating Income: $221,104.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 42
  • DOMLS: 42
  • Cumulative DOM: 42
  • Cumulative DOMLS: 42
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Jake Andronico
  • Contact Phone: 415 233 1796
Rental
Rent Information
  • Annual Vacancy: $17,352.00
  • Current Lease: Leases

Property History for 2150 Victorian Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2150 Victorian Avenue

Taxable ValueLand$74,736Additions$58,676Total$133,412
Tax Record2023$4,682 ($390 / month)
Home Facts
Total Finished SqFt5,089 SqFtAbove Grade Finished SqFt5,089 SqFtStories1Lot Size22,477 SqFtStyleHotel / MotelYear Built1943ZoningMUDCountyWASHOEAPN032-023-06

Schools near 2150 Victorian Avenue

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Robert Mitchell Elementary School
PublicPK to 5

Sparks Middle School
Public6 to 8

Procter R Hug High School
Public9 to 12

High Desert Montessori Charter School
CharterPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2150 Victorian Avenue is a multi-family home for sale in Sparks, NV 89431. This property was listed for sale on June 28, 2024 by Address Income, it's currently listed at $2,800,000. It has been on the market for a total of 71 days and was last sold on March 9, 2021. This listing's school district is Washoe County School District. Nearby schools include Robert Mitchell Elementary School, Sparks Middle School and Procter R Hug High School. 2150 Victorian Avenue is a 5-bed, 23-bath, 5,089 sqft multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Address Income, Trevor Richardson, License #12756; Address Income, Jake Andronico, License #15866

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.