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Marcus & Millichap is proud to present the opportunity to acquire Driftwood Manor, a well-built, well-maintained 12-unit multifamily asset ideally situated in a quiet
neighborhood in Sparks, Nevada. Located near both Victorian Square and the Sparks Marina, the property offers residents a convenient location to enjoy the frequent
concerts and events that occur year-round, also offering ease of access being 5-minutes to Interstate-80 and within 20-minutes to numerous employment centers
including the Tahoe-Reno Industrial Center (TRI-Center) that supports the dozens of employers and thousands of jobs.
Driftwood Manor was originally built in 1963 and constructed of masonry framing, concrete block exteriors, and a stone façade at the entrance. The unit mix consists of
all one-bedroom / one-bath units with an average square footage of 643sf per unit. A majority of the units have received consistent upgrades featuring a full kitchen
appliance package including refrigerator, stove, microwave & dishwasher, new cabinetry and hardware, luxury vinyl plank flooring, LED light fixtures, ceiling fans in the
bedrooms, kitchen and bathroom faucets, and full interior paint. There are few remaining, unrenovated units have an approximate $150 rent delta compared to the
upgraded units. Additionally, current ownership has painted the asset, installed new exterior lighting, and replaced the sewer main along with numerous interior
upgrades. The property offers off-street parking, on-site laundry, and easy-to-care for landscaping.