Description
This duplex is priced to sell based on actual in-place income rather than pro forma projections, with both units currently rented below market. Offered at nearly 200k below any other duplex in the area, this is a rare opportunity to acquire a turnkey investment with built-in upside from day one. The property is already producing steady income, with one unit operating near market and the second offering a clear value-add path. Simple cosmetic updates can unlock higher rents without the need for major renovation, allowing a new owner to increase returns while maintaining stable cash flow. Property Highlights: Turnkey two-unit investment in a high-demand rental area Below-market rents with immediate upside potential RUBS reimbursement system in place Opportunity to increase rents as-is or through light cosmetic improvements Strong long-term hold with both cash flow and appreciation potential Whether you plan to hold for reliable income, implement light upgrades to maximize yield, or both, this property presents an exceptional value compared to other duplex offerings in the market and a unique chance to secure a high-performing investment at a significant discount.
Details
| MLS # | 260000836 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 210 |
| Listing Provided By | Sierra Sotheby's International | Henry Abts V |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 900 |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | MUD |
| Acreage | 0.14 |
Interior
| Heating | Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Window Features | Double Pane Windows, Low-Emissivity Windows, Vinyl Frames |
| Appliances | Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Exterior Features | None |
| Security Features | Security Gate, Smoke Detector(s) |
| Lot Features | Landscaped, Level |
| Construction Materials | Frame, Wood Siding |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Crawl Space |
| Fencing | Partial |
Parking
| Parking Features | Common, RV Access/Parking, None |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1438 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Sparks |
| Zip Code | 89431 |
| Area | Washoe |
| Community Name | Newtown Tract |
| School District | Sparks |
| Elementary School | Smith |
| High School | Sparks |
| Listing VS Median (in Newtown Tract) | |
Price: $525,000 low | high Med: $425,000 sqft: 900 low | high Med: 1,080 $ / sqft: $583 low | high Med: $394 On site: 210 low | high Med: 35 | |
Market Activity 89431
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Sparks |
| Zip Code | 89431 |
| Area | Washoe |
| Community Name | Newtown Tract |
| School District | Sparks |
| Elementary School | Smith |
| High School | Sparks |
| Listing VS Median (in Newtown Tract) | |
Price: $525,000 low | high Med: $425,000 sqft: 900 low | high Med: 1,080 $ / sqft: $583 low | high Med: $394 On site: 210 low | high Med: 35 | |
