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947 I St, Sparks, NV 89431

$675,000
7
BD
3
BA
2,477
SqFt
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List Price
$675,000
Status
ACTIVE UNDER CONTRACT
Days on Market
102
Price Change
▼ $20,000 1786422289
MLS#
260008160
Subtype
Residential Income
Year Built
1960
Bedrooms
7
Bathrooms
3
Living Area
2,477
Lot Size
9,191
Acres
0.21
Subdivision
Prater Addition To Sparks
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Property Description

Investment opportunity with a 6.8 percent cap rate. The property includes two separate homes on one parcel. The rear home is occupied by a long-term month-to-month tenant, providing immediate income. The front home is vacant, allowing the new owner to lease it at current market rent.The front home has been refreshed with new interior paint, a new stove, and a new dishwasher. It is move-in ready and includes a private fenced yard. The rear home also has generous yard space.Conveniently located in Sparks with a long history of strong occupancy and consistent rental demand. A straightforward investment offering current income, room for rental growth, and separate outdoor space for each residence.

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Additional Information

Interior Features
Ceiling Fans
Taxes
$2,403
Zoning
MUD
Flooring
Vinyl
Appliances
Dishwasher, Electric Range, Refrigerator
Heating
Forced Air, Natural Gas
Air Conditioning
Electric
Levels
One
Roof
Composition
Foundation
Crawl Space, Slab
Parking Features
Varies By Unit
Garage
Varies By Unit
Elementary School
Mitchell
Middle School
Dilworth
High School
Sparks
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Courtesy of Kathryn Courtney and LPT Realty, LLC. Contact:

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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