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629 Sinclair St

Reno, NV 89501
  • $1,150,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 220014441
UPDATED: 86 min ago
$1,150,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $426
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1918
County:

School Information

Elementary School:
Middle School:
High School:

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. Projected cash flow scenarios show a net earning potential of nearly $70k per year with more upgrades. The owner also owns the property next door which could be sold together for a larger development play.

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Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Home NV. Real estate listings held by brokerage firms other than Home NV are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-07T00:19:42.813.
www.movetoreno.com/homes/133530719
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629 Sinclair St Reno, NV 89501

  • Price: $1,150,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 86 min ago
  • MLS #: 220014441
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,700
SQFT
$426
$/SQFT
1918
Built
Neighborhood:
Reno-Southeast
County:
Washoe
Area:
Reno-Southeast
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
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. Projected cash flow scenarios show a net earning potential of nearly $70k per year with more upgrades. The owner also owns the property next door which could be sold together for a larger development play.
Exterior Features

Construction Wood Frame Exterior RockStuccoWood Siding Fenced Back Foundation Basement/UnfinishedConcrete SlabConcrete/Crawl SpaceStone Landscaped None Parking Capacity 2 Parking Types Designated Parking Roof Composition/ShinglePitched Sprinklers None

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 600 2 Bedroom Baths 0 2 Bedroom Sq Ft 0 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DishwasherDryerMicrowaveOven/RangeRefrigeratorVaries Per UnitWasher Flooring CarpetCeramic TileSheet VinylVaries By UnitWood Heating Cooling BaseboardElectricNatural GasWall HeaterVaries By Unit Laundry KitchenSeparateVaries Per Unit Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 1 Studio Sq Ft 450 Unit Features Blinds/ShadesSmoke Detector Water Heater ElectricNatural Gas Windows Double PaneSingle PaneVaries By UnitVinyl Frame

Property Features

1 Bedroom Avg Rent Per Unit 1250 1 Bedroom Units 3 2 Bedroom Avg Rent Per Unit 0 2 Bedroom Units 0 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 17308 Annual Income And Expenses Actual Annual Vacancy 2070 Apod Available Yes Common Features Alley Access Documents On File Rental/Leases Facility Features Central Water HeatersLandlord Pays UtilitiesMaster Meter-ElectricMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparate Water HeatersSeparated Meters-GasTenant Pays Utilities Green Feature Double Pane Windows Gross Scheduled Income 69000 HUD No Multifamily Type DuplexTriplex4-Plex Net Operating Income 49622 Owners May Sell CashConventional Special Condition Of Sale None Studio Avg Rent Per Unit 988 Studio Units 2 Utilities City/County WaterCity SewerElectricityNatural Gas Zoning Actual Mu

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Dickson Commercial Group: [IDXCONTACTINFORMATION].

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Home NV. Real estate listings held by brokerage firms other than Home NV are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-07T00:19:42.813.
 
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321 S Arlington Ave.
Reno NV, 89501