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, or a 5.6% cap. The owner also owns the property next door which could be sold together for a larger development play.
Features
: 2
Address Map
US
NV
Washoe
Reno
Reno-Southeast
89501
Sinclair
629
0
W120° 11' 32.2''
N39° 31' 12.1''
Additional Info
Address Income
03-18-2023 19:35:32
1
03-18-2023
New
12756
12768
Trevor
Richardson
2392
2392
$0
03-18-2023 19:35:42
2 Story
MU
$0
01123307
$0
Duplex, Triplex, 4-Plex
For Sale
None
$426
0
Multi-family
629 Sinclair, Reno, Nevada 89501
0.16 Sqft
$1,150,000
Listing ID #230002390
Basic Details
Property Type : Multi-family
Listing Type :
Listing ID : 230002390
Serial Number : 230002390
Price : $1,150,000
View : Yes,mountain,golf Course
Year Built : 1918
Lot Area : 0.16 Sqft
Status : Active
Days On Market : 1
Agent info


Silver State Homes of Nevada
4600 Kietzke Lane Ste O-269, Reno, NV 89502
Contact Agent