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$550,000
Est. payment /mo
0.29 Acres Lot
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Prater Addition To Sparks
MLS Listing ID 260010991
Annual Tax Amount $725
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 0.29
Property Description
RARE, SHOVEL-READY MULTIFAMILY DEVELOPMENT OPPORTUNITY! Skip the lengthy planning and entitlement process and step into a project that is planned, approved, permitted, and ready to build. This property offers the opportunity to develop a brand-new 10-unit apartment project featuring ten 1-bedroom units, each designed with its own private laundry room, along with dedicated on-site parking for every unit. The property is being sold for LAND VALUE ONLY, and the existing residence is considered a tear-down to make way for the approved development. For a builder, developer, or investor looking to move quickly, much of the difficult upfront work has already been completed. With plans and permits in place, this is an opportunity to take an approved project and move directly toward construction of a thoughtfully designed 10-plex and future income-producing asset.
Location
State NV
County Washoe
Community Prater Addition To Sparks
Area Prater Addition To Sparks
Zoning Mud
Exterior
Utilities Available Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available
View Y/N No
Building
Lot Description Corner Lot
Water Public
Schools
Elementary Schools Mitchell
Middle Schools Dilworth
High Schools Sparks
Others
Tax ID 031-371-11
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition Agent Owned
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Listed by Dickson Realty - Downtown
Nearby Locations
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