629 Sinclair St - Multi-Family FOR SALE


Reno, NV 89501- Midtown Reno
$1,095,000 USD
775-233-0754
629 Sinclair St, Reno, NV for Sale
$1,095,000 USD
Multi-Family - FOR SALE
1/25
null | 5.85% Cap Rate

629 Sinclair St
Reno, NV 89501
Midtown Reno


HIGHLIGHTS

  • Located in Midtown Reno
  • Premium Multifamily Rental Area
  • 100% Occupied

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$464 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,000

CAP RATE

5.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MU-MC

APN/PARCEL ID

011-233-07

ASK ABOUT THIS PROPERTY

Trevor RichardsonAddress IncomeMore Info
775-233-0754

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Trevor RichardsonAddress IncomeMore Info
775-233-0754

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.