947 I ST, Sparks, NV 89431
947 I ST, Sparks, NV 89431,Video Tour
947 I ST, Sparks, NV 89431
16
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$695,000
Est. payment /mo
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7 Beds
3 Baths
2,477 SqFt
Price Dropped by $30K

947 I ST Sparks, NV 89431

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Kyle Krch

Kyle Krch

+1(775) 276-5858

UPDATED:

Key Details

Property Type Commercial

Sub Type Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,477 sqft

Price per Sqft $280

Subdivision Prater Addition To Sparks

MLS Listing ID 260008160

Bedrooms 7

Year Built 1960

Annual Tax Amount $2,403

Lot Size 9,191 Sqft

Acres 0.21

Lot Dimensions 0.21

Property Sub-Type Income

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.

Location

State NV

County Washoe

Community Prater Addition To Sparks

Area Prater Addition To Sparks

Zoning MUD

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Natural Gas

Cooling Electric

Flooring Luxury Vinyl

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Laundry In Hall, Washer Hookup

Exterior

Exterior Feature None

Parking Features Varies by Unit

Pool None

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected, Water Meter Installed

View Y/N No

Roof Type Composition

Garage No

Building

Lot Description Other

Story 1

Foundation Slab, Crawl Space

Water Public

Structure Type Brick Veneer,Frame,HardiPlank Type

Schools

Elementary Schools Mitchell

Middle Schools Dilworth

High Schools Sparks

Others

Tax ID 031-232-37

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/cd464314-8266-4b2a-819c-1f81f6649039?wl=true&setAttribution=mls&initialViewType=pano

Listed by LPT Realty, LLC

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Kyle Krch

Kyle Krch

Broker Associate | License ID: 56206

+1(775) 276-5858

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947 I ST