629 Sinclair St Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89501
Key Details
Property Type Multi-Family
Sub Type Duplex, Triplex, 4-Plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $405
Subdivision Nv
MLS Listing ID 250001710
Bedrooms 1
Year Built 1918
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Duplex, Triplex, 4-Plex
Property Description
629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offers charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units near the highest rates in Reno. 3 of the 5 units have been renovated in recent years. With an adjustment in rental rates the property could have an address income (net monthly income) of $4,961/mo with an Annual Return (cap) of 5.83%. This assumes the market 7% for full property management. Please request a complete financial analysis of this investment. If the property was renovated the investor could possibly receive a 13% upside from the current cash flow.
Location
State NV
County Washoe
Zoning MU
Interior
Heating Baseboard,Electric,Natural Gas,Wall Heater,Varies by Unit
Cooling Baseboard,Electric,Natural Gas,Wall Heater,Varies by Unit
Flooring Carpet,Ceramic Tile,Sheet Vinyl,Varies by Unit,Wood
Appliance Dishwasher,Dryer,Microwave,Oven/Range,Refrigerator,Varies Per Unit,Washer
Laundry Kitchen,Separate,Varies Per Unit
Exterior
Exterior Feature Rock,Stucco,Wood Siding
Fence Back
Utilities Available City/County Water,City Sewer,Electricity,Natural Gas
Roof Type Composition/Shingle,Pitched
Total Parking Spaces 2
Building
Story 2 Story
Foundation Basement/Unfinished,Concrete Slab,Concrete/Crawl Space,Stone
Water Electric,Natural Gas
Level or Stories 2 Story
Structure Type Wood Frame
Schools
Elementary Schools Booth
Middle Schools Vaughn
High Schools Wooster
Others
Tax ID 01123307
SqFt Source 2700
Special Listing Condition None