947 I St, Sparks, NV 89431
- $695,000
- 7
- BD
- 3
- BA
- 2,477
- SqFt
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 260008160
- Subdivision
- Other
- Subdivision
- Prater Addition To Sparks
- Price Change
- ▼ $30,000 1784178010
- Days on Market
- 34
- Year Built
- 1960
- Bedrooms
- 7
- Bathrooms
- 3
- Acres
- 0.21
- Living Area
- 2,477
- Lot Size
- 9,191
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
- Taxes
- $2,403
- Utilities
- Water Meter Installed, Electricity Available, Natural Gas Available, Water Available
- Roof
- Composition
- Foundation
- Crawl Space, Slab
- Garage Description
- 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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