1071 & 1073 Tyler Way Sparks, NV 89431-2177

Spacious duplex located in Sparks with one side recently updated in October 2021 including all new flooring and stainless steel appliances. This duplex has two large 864 sq ft units with 2 bed, 1 bath, backyard, garage and parking. Walking distance to the shops, restaurants, cafes and quick access to highways. The property is turn key As-Is and has the potential for some value add. Both units are rented. Estimated market rents for the duplex with garage is $3,450 per month. The pro-forma CAP rate is 5.65%. Both units are rented. The back unit is rented below market and is month-to-month. The building is set back off the street and the rear unit has a large yard. 1071 Tyler Way was Recently Updated in 2021. Updates include the following: New stainless steel appliances – Refrigerator, range, range hood & dishwasher; New Luxury Vinyl Plank - The Mission Collection – Foundation Wide Plank Deep Canyon (Installed in all areas except bedrooms); New carpet in both Bedrooms; Fresh interior paint; Resurface kitchen countertops, kitchen sink and bathtub; New garbage disposal; New kitchen faucet; New kitchen knobs & handles; New bathroom vanity & faucet; New blinds. *Rents and some expenses are list as estimates. CAP rate is a pro-forma CAP rate. ** Current rent includes rent and utility chargeback. Showings are Drive-by only. Do not disturb tenants. Showing on accepted offer only. Seller is a licensed North Carolina Real Estate Broker