218 3rd Street

Sparks, NV 89431

$709,000
Last Sold Price
4
Beds
1
Bath
2,580 Sq. Ft.
$275 / Sq. Ft.
2,580
Sq. Ft.
$275
per Sq. Ft.

Description

This property is a two story 4-plex located one block from Victorian Ave in Sparks. Close to shopping, public transportation on the corner. Block construction allows for low maintenance costs. Property is fully occupied and is a proven money maker. Please call listing agent for current APOD Property is occupied so please do not disturb the tenants.This property is a two story 4-plex located one block from Victorian Ave in Sparks. Close to shopping, public transportation on the corner. Block construction allows for low maintenance costs. Property is fully occupied and is a proven money maker. Please call listing agent for current APOD Property is occupied so please do not disturb the tenants.
  1. Listed by Russell Langella • Reno Country Properties

Property Details for 218 3rd Street

Zoning Actual
MUD
Total Parking Capacity
4

Location

Listing Courtesy of Reno Country Properties, Russell Langella, License #4592

Sold By Reno Country Properties, Russell Langella, License #4592

Add your commute
LISTING UPDATED: 10/26/2022 01:11 PM

Property Details for 218 3rd Street

StatusSold
MLS #220001493
Days on Compass101
Taxes$1,950 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1972
Lot Size0.09 AC / 3,920 SF
CountyWashoe County

Location

Listing Courtesy of Reno Country Properties, Russell Langella, License #4592

Sold By Reno Country Properties, Russell Langella, License #4592

Add your commute

Building Information for 218 3rd Street

Stories2Residences-Year Built1972Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$4,032 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,869

Property Taxes

$163

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 3rd Street

Summary
Location and General Information
  • Area: Sparks
  • Zip: 89431
  • Geo Latitude: 39.53523
  • Geo Longitude: -119.746679
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 218 3rd St
  • Geo Primary City: Sparks
  • Geo Subdivision: NV
  • Geo Postal Code: 89431
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 218 3rd, Sparks
  • County: Washoe
  • Xstreet/Directions: Victorian
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: Yes
  • Sliding Scale: No
  • Taxes $: $1,950.00
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Designated Parking, None, Tandem
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1972.0
  • Acreage: 0.09
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 03331412
  • Complex Name: 218 3rd
  • Gross Square Footage: 2580.0
Property and Assessments
  • Cap Rate: 371.00%
  • Documents On File: None
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Masonry
  • Assessment $: $.00
  • Associated Document Count: 0
  • LVT Date: 02-08-2022
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Electric, Natural Gas, Wall Heater
  • Water Heater: Electric
  • Windows: Double Pane, Metal Frame
  • Facility Features: Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: None
  • Appliances: Disposal, Oven/Range, Refrigerator
  • Laundry: Common
  • Flooring: Carpet, Sheet Vinyl
  • Green Features: None
Exterior Features
  • Foundation: Basement/Unfinished
  • Exterior: Brick, Masonry Veneer
  • Roof: Pitched
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed
  • Landscaped: None
  • Sprinklers: None
  • Fenced: None
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 4
  • 1 Bedroom - SqFt/Unit: 650
  • 1 Bedroom - Avg Rent/Unit: 944
  • 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: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 4
  • Stories: 2 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Debt Service: $.00
  • Annual Expenses: $10,400.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $45,300.00
  • Net Operating Income: $34,676.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 101
  • DOMLS: 101
  • Cumulative DOM: 101
  • Cumulative DOMLS: 101
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Russell Langella
  • Contact Phone: 775-233-7878
Rental
Rent Information
  • Annual Vacancy: $944.00
  • Current Lease: Leases

Property History for 218 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 218 3rd Street

Taxable ValueLand$41,675Additions$26,794Total$68,469
Tax Record2023$2,173 ($181 / month)
Home Facts
Baths4Total Finished SqFt2,772 SqFtAbove Grade Finished SqFt2,580 SqFtFinished Basement SqFt192 SqFtUnfinished Basement SqFt360 SqFtStories2Lot Size4,008 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972ZoningMUDCountyWASHOEAPN033-314-12

Schools near 218 3rd Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Park Elementary School
PublicPK to 6

George L Dilworth Middle School
Public6 to 8

Sparks High School
Public9 to 12

Academy Of Art Careers And Technology
Public9 to 12

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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reno Country Properties, Russell Langella, License #4592

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.