Tim Koskinen - Reno Real Estate Agent - 775-303- 2614
Reno Condo ManiaMLS: 250052194 $420,000 2 Beds /2 Baths
MLS #: 250052194 Status: ACTIVE List Price: $420,000 Price SQFT: $364 City: SPARKS
Beds: 2 Baths: 2 SqFt: 1155 Year: 1980 Zip: 89434
Listing Remarks
This cash-flowing rental brings in 2,050/month with a solid tenant already in place. Investors are increasingly looking for homes like this—occupied, stabilized, and producing income on day one. It's a smart alternative to vacant listings and lease-up timelines. Features include 2 bedrooms, 2 bathrooms, 1,155 sqft, a newer roof, and fresh exterior paint. Lease active through July 1, 2026. 5 Cap on current, actual rents. Maintained with annual inspections, prompt maintenance, and verified rent history. Available individually or as part of a nearby three-home portfolio including 1069 Palmwood Dr and 1544 Woodhaven Ln, for 1,295,000 for all three properties combined. Drive by only. Do not disturb tenants. Contact the listing agent for full financials.
Address: 1218 JUNCTION DRIVE SPARKS NV 89434
Listing Courtesy of ADDRESS INCOME
Listing Photos
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Last Updated: 2025-10-22
