431 Wright Way

Sparks, NV 89431

$1,590,000
Price
8
Beds
5
Baths
5,207 Sq. Ft.
$305 / Sq. Ft.
5,207
Sq. Ft.
$305
per Sq. Ft.

Description

Excellent opportunity with instant Cash-Flow. Hybrid of three income properties on one lot. The Tri-plex has one two bed, one bath unit and two one bed one bath units - 1612 sq ft. One Convenience Store "Nemo's Market" - 1440 sq ft. Commercial building plus the current business and one single family home consisting of five bedrooms and 2 bathrooms- 1147 sq ft with 1008 sq.ft. finished basement.Excellent opportunity with instant Cash-Flow. Hybrid of three income properties on one lot. The Tri-plex has one two bed, one bath unit and two one bed one bath units - 1612 sq ft. One Convenience Store "Nemo's Market" - 1440 sq ft. Commercial building plus the current business and one single family home consisting of five bedrooms and 2 bathrooms- 1147 sq ft with 1008 sq.ft. finished basement.
  1. Listed by Simon Bradbury • Realty One Group Eminence
  2. Listed by Thomas Myers III • Realty One Group Eminence

Property Details for 431 Wright Way

Zoning Actual
MUD
Total Parking Capacity
8
LISTING UPDATED: 11/26/2024 08:49 AM

Property Details for 431 Wright Way

StatusActive
MLS #240014209
Days on Compass39
Taxes$3,007 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex/ Triplex/ 4-Plex
Year Built1950
Lot Size0.21 AC / 9,147 SF
CountyWashoe County

Building Information for 431 Wright Way

Stories1Residences-Year Built1950Building Size-Lot Size0.21 AC / 9,147 SF

Property Information for 431 Wright Way

Summary
Location and General Information
  • Geo Latitude: 39.539613
  • Geo Longitude: -119.748854
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 431 Wright Way
  • Geo Primary City: Sparks
  • Geo Subdivision: NV
  • Geo Postal Code: 89431
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 431 Wright Way
  • County: Washoe
  • Elementary School: Lincoln Park
  • Middle School: Dilworth
  • High School: Sparks
  • Xstreet/Directions: Prater Way - 6th Street
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Taxes $: $3,006.83
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1950.0
  • Acreage: 0.21
  • Type of Property: Duplex Triplex 4-Plex
  • Parcel #: 03318701
  • Complex Name: Nemo's Market
  • Gross Square Footage: 5207.0
Property and Assessments
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • HUD: No
  • Automated Valuation: No
  • Associated Document Count: 1
  • LVT Date: 11-08-2024
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Central Refrig A/C, Evap Cooling, Natural Gas, Fireplace, Forced Air, Wall Heater, Varies by Unit
  • Water Heater: Natural Gas
  • Windows: Varies by Unit
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Landlord Pays Utilities, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: Blinds/Shades
  • Appliances: Refrigerator, Oven/Range, Dishwasher, Varies Per Unit
  • Laundry: Varies Per Unit
  • Flooring: Carpet, Sheet Vinyl
  • Green Features: None
Exterior Features
  • Foundation: Basement/Finished, Concrete Slab
  • Exterior: Wood Siding, Brick
  • Roof: Asphalt, Composition/Shingle, Flat, Pitched
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Internet Available, Cellular Coverage Avail
  • Landscaped: Partially Landscaped
  • Sprinklers: None
  • Fenced: Partial
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 2
  • 1 Bedroom - SqFt/Unit: 537
  • 1 Bedroom - Avg Rent/Unit: 1250
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 537
  • 2 Bedroom - Avg Rent/Unit: 1395
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 2
  • 4+ Bedroom - # Units: 1
  • 4+ Bedroom - SqFt/Unit: 1147
  • 4+Bedroom - Avg Rent/Unit: 2900
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 3
  • # Units: 5
  • Stories: 1 Story
Income & Expenses
  • Annual Debt Service: $17,033.00
  • Annual Expenses: $15,341.19
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $81,540.00
  • Net Operating Income: $62,847.85
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 38
  • DOMLS: 38
  • Cumulative DOM: 38
  • Cumulative DOMLS: 38
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Simon Bradbury
  • Contact Phone: (775) 686-9621
Rental
Rent Information
  • Annual Vacancy: $3,350.96
  • Current Lease: Leases

Property History for 431 Wright Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 431 Wright Way

Taxable ValueLand$23,670Additions$51,055Total$74,725
Tax Record2023$2,594 ($216 / month)
Home Facts
Baths5Total Finished SqFt1,612 SqFtAbove Grade Finished SqFt1,612 SqFtStories1Lot Size9,017 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950ZoningMUDCountyWASHOEAPN033-187-01Fireplace TypeHas Fireplace

Schools near 431 Wright Way

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
Lincoln Park Elementary School
PublicPK to 5

George L Dilworth Middle School
Public6 to 8

Sparks 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.

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431 Wright Way is a multi-family home for sale in Sparks, NV 89431. This property was listed for sale on November 8, 2024 by Realty One Group Eminence, it's currently listed at $1,590,000. It has been on the market for a total of 39 days and was last sold on June 15, 2020. This listing's school district is Washoe County School District. Nearby schools include Lincoln Park Elementary School, George L Dilworth Middle School and Sparks High School. 431 Wright Way is a 8-bed, 5-bath, 5,207 sqft multi-family home built in 1950.

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 Realty One Group Eminence, Simon Bradbury, License #9921; Realty One Group Eminence, Thomas Myers III, License #11702

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.