$119,000
Active
1940 4th Street #32
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
1.0
Baths
·
940
Sq Ft
About This Property
Wonderful upstairs unit for 50+ Co-Op complex that is well maintained. Sale is subject to buyer being approved by cooperative association board of trustees, and a background check is required. Sale is a stock certificate transfer. Buyer to verify all information. Enjoy the lush and well maintained landscaping. Close to shopping, and bus routes are right on 4th Street. Come and make some new friends!, Association fees cover water, sewer, garbage, taxes, hazard insurance, laundry facilities, snow removal, exterior and some interior maintenance, including the furnace and water heater. Lockbox is located in the stairwell.
Listed by Garret Idle — LPT Realty, LLC
Listing Details
Status
Active
MLS #
260011648
Days on Market
4
Price/Sq Ft
$127
Property History
Sep 09, 2026
Listed for sale
$119,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
940
Lot Size
3.51 acres
Stories
1
Year Built
1960
Property Type
StockCooperative
STR Jurisdiction
Washoe County
APN
028-321-01
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Detached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Common Area, Landscaped, Level
View
Park/Greenbelt, Trees/Woods
Construction
Brick
Roof
Composition, Pitched, Shingle
Foundation
Slab
Utilities & Systems
Heating
Natural Gas, Wall Furnace
Cooling
Electric, Wall/Window Unit(s)
Financial
Annual Tax
$27,348
HOA Fee
$500 / Monthly
HOA / Community
Lynwood Arms
Schools
Elementary School
Greenbrae
Middle School
Dilworth
High School
Sparks
HOA & Community
Community Amenities
Landscaping, Management
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K
typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($23,800)
Home price
$119,000
Loan details
30-yr fixed, 6.5%
