Apt 56, 1945 4th Street
Sparks, NV 89431

$65,000

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Status Active
Listing Residential
Style Other
Year Built 1960
MLS® 180010612
Original Listing Open Link
Residential For Sale
2 beds
1 bathroom

Property Features
Called the First Greenbrae Co-Op, this beautifully maintained apartment may be the best residential value in our area. Currently, this two-bedroom one bath, one car garage unit is priced perhaps as much as $100,000 less than an equivalent sized condos in Reno or Sparks. While a great value, the particulars of co-ops remain an enigma to most. When you purchase this unit, you will be given a share of stock of that co-op, not fee-simple title as in normal real estate purchases. Also, there are no escrow or title fees, only a small transfer fee ($250). Sound too good to be true? Well, there are a few restrictions on ownership: You must “apply” to own one and be approved by the co-op Board, which requires that one owner be over 55, and that each unit be owner-occupied. When you purchase your share of stock, you must pay cash, as liens are not allowed to secure your purchase. Pets are forbidden, except for service animals, and none of the units have washers and dryers (there is a centralized laundry area). While the $350 monthly co-op fee may appear high at first impression, this fee covers your property taxes, furnace, hot water heater, and exterior property maintenance, as well as water, trash pickup and grounds keeping. Seniors with a small nest-egg looking for a nice quiet retirement community wishing to release themselves from exorbitant and continually rising monthly apartment rental expenses might want to give this residence a closer look! This is a CO-OP, not a Condo. Very well maintained complex with beautiful mature trees. This is a 55+, owner occoupant only, end unit residence in a great location close to shopping and public transportation. The carpet and laminate flooring are only 3 years old, and the double pane vinyl frame windows are only one year old. Sellers have recently installed a high tech LG 12,000 BTU wall air conditioner. This unit has a one car garage with opener and a community laundry facility. Listing Agent: Lawrence Johnston Email Address: [email protected] Broker: Chase International-Damonte
Key Features
Beds 2
Full Baths 1
House Size 850 Sq. Ft.
Property Type Residential
Year Built 1960
Style Other
Stories 2.0
Parking Spaces 1-car
Interior Features
Total Sq. Ft. 850 Sq. Ft.
Exterior Features
Roof Composition Shingle
Parking Spaces 1-car
Parking Type Garage - Detached
Street Parking No
The Neighborhood
County Washoe
Elementary School Greenbrae
Middle School Dilworth
High School Sparks

Disclaimer: Copyright © 2019 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Listing Agent
Lawrence Johnston
Chase International-Damonte
Direct: 866-471-5356
Broker: 866-471-5356
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Contact
Listing Agent
Lawrence Johnston
Chase International-Damonte
Direct: 866-471-5356
Broker: 866-471-5356
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.