$975,000
$995,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
629 Sinclair ST Reno, NV 89501
2,700 SqFt
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $361
Subdivision New Southside Addition
MLS Listing ID 250001710
Year Built 1918
Annual Tax Amount $1,706
Lot Size 7,013 Sqft
Property Sub-Type Quadruplex
Property Description
629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offer charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units at the highest rates in Reno. Three of the five units have been renovated in recent years. With an adjustment in rental rates, the property could have an address income net monthly income of 5,323 dollars per mo with an Annual Return cap of 6.42 percent. This assumes the market is 7 percent for full property management. Please request a complete financial analysis of this investment. If the property were renovated, the investor could possibly receive a 13 percent 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
Exterior Feature None
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP