629 Sinclair ST Street Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89501
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $398
Subdivision New Southside Addition
MLS Listing ID 250001710
Year Built 1918
Annual Tax Amount $1,706
Lot Size 7,013 Sqft
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
Community New Southside Addition
Area New Southside Addition
Zoning MU
Interior
Heating Baseboard,Electric,Natural Gas,Wall Furnace,Varies By Unit
Cooling Electric,Varies By Unit
Flooring Ceramic Tile
Equipment Varies By Unit
Laundry In Kitchen,In Unit,Varies By Unit
Exterior
Parking Features Alley Access,Assigned
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Story 2
Foundation Slab,Stone,Crawl Space
Water Public
Structure Type Frame,Stone,Stucco,Wood Siding
Schools
Elementary Schools Booth
Middle Schools Vaughn
High Schools Wooster
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional