UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,738 sqft
Price per Sqft $327
Subdivision Prater Addition To Sparks
MLS Listing ID 250052217
Year Built 1952
Annual Tax Amount $1,147
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 0.13
Property Sub-Type Duplex
Property Description
This fully remodeled duplex features two detached homes on a single lot, ideally located within walking distance of Victoria Square in Sparks. The front home is a spacious 3-bedroom, 1-bath residence offering numerous upgrades including new windows, new stucco siding, a completely renovated kitchen and bathroom, new LVP flooring, fresh paint, and a brand-new heat pump HVAC system. Enjoy private front and backyard spaces perfect for outdoor living.
The rear home is a charming 1-bedroom, 1-bath unit with an updated kitchen, newer appliances, new windows, new light fixtures, fresh interior paint, an evaporative cooler, and its own private front yard.
Both homes offer private off-street parking and are fully rented with term leases in place, providing immediate cash flow. With strong rental demand and an estimated CAP rate of 5.7%, this property is a turnkey, income-producing asset in a desirable location.
Location
State NV
County Washoe
Community Prater Addition To Sparks
Area Prater Addition To Sparks
Zoning Mud
Interior
Heating Forced Air, Heat Pump, Wall Furnace
Cooling Evaporative Cooling, Heat Pump
Flooring Tile
Fireplace No
Laundry In Unit, Washer Hookup
Exterior
Exterior Feature None
Parking Features Assigned
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Pitched,Shingle
Porch Patio
Garage No
Building
Lot Description Other
Story 1
Foundation Crawl Space
Water Public
Structure Type Attic/Crawl Hatchway(s) Insulated,Stucco,Wood Siding
Schools
Elementary Schools Mitchell
Middle Schools Dilworth
High Schools Sparks
Others
Tax ID 03122233
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA