Property Description
Investment opportunity with a solid six 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.
Features
- UTILITIES:
- Water Meter Installed, Electricity Connected, Water Connected, Natural Gas Connected
- EXTERIOR FEATURES:
- No
Address Map
- Country:
- US
- State:
- NV
- County:
- Washoe
- City:
- Sparks
- Area:
- Prater Addition To Sparks
- Zipcode:
- 89431
- Street:
- I
- Street Number:
- 947
- Floor Number:
- 0
- Longitude:
- W120° 14' 41.5''
- Latitude:
- N39° 32' 33.6''
Neighborhood
- Elementary School:
- Mitchell
- High School:
- Sparks
- Middle School:
- Dilworth
Additional Info
- Office Name:
- LPT Realty, LLC
- Agent Name:
- Kathryn Courtney
- PhotoTimestamp:
- 06-25-2026 19:37:05
- Status Detail:
- Active
- Status Date:
- 06-25-2026
- Agent ID:
- 10215
- Listing Office 1:
- 2713-o
- Contract Date:
- 06-10-2026
- Sold Price:
- $0
- Update Date:
- 06-26-2026 17:04:39
- Stories:
- 1
- CIC Dues:
- $0
- Parcel #:
- 031-232-37
- Search Price:
- $0
- Price Per SQFT:
- $0
- UnBranded Virtual Tour:
- https://www.zillow.com/view-imx/cd464314-8266-4b2a-819c-1f81f6649039?wl=true&setAttribution=mls&
Residential Income Residential
947 I, Sparks, Nevada 89431
7 Bedrooms
3 Bathrooms
0.21 Acre
$740,000
Listing ID #260008160
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- Residential
- Listing ID :
- 260008160
- Serial Number :
- 20260622213354435051000000
- Price :
- $740,000
- View :
- Trees
- Bedrooms :
- 7
- Bathrooms :
- 3
- Year Built :
- 1960
- Lot Area :
- 0.21 Acre
- Status :
- Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent