NV > Reno > Nv
Reno, NV 89501,629 Sinclair St
Reno, NV 89501,629 Sinclair St
Reno, NV 89501,629 Sinclair St
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Kristi Maxwell

Kristi Maxwell

+1(775) 342-3297
$1,095,000
Est. payment /mo
1 Bed
2 Baths
2,700 SqFt
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UPDATED:

02/18/2025 06:28 AM

Key Details

Property Type Multi-Family

Sub Type Duplex, Triplex, 4-Plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $405

Subdivision Nv

MLS Listing ID 250001710

Bedrooms 1

Year Built 1918

Lot Size 7,013 Sqft

Acres 0.161

Property Sub-Type Duplex, Triplex, 4-Plex

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

Zoning MU

Interior

Heating Baseboard, Electric, Natural Gas, Wall Heater, Varies by Unit

Cooling Baseboard, Electric, Natural Gas, Wall Heater, Varies by Unit

Flooring Carpet, Ceramic Tile, Sheet Vinyl, Varies by Unit, Wood

Appliance Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Varies Per Unit, Washer

Laundry Kitchen, Separate, Varies Per Unit

Exterior

Exterior Feature Rock, Stucco, Wood Siding

Fence Back

Utilities Available City/County Water, City Sewer, Electricity, Natural Gas

Roof Type Composition/Shingle,Pitched

Total Parking Spaces 2

Building

Story 2 Story

Foundation Basement/Unfinished, Concrete Slab, Concrete/Crawl Space, Stone

Water Electric, Natural Gas

Level or Stories 2 Story

Structure Type Wood Frame

Schools

Elementary Schools Booth

Middle Schools Vaughn

High Schools Wooster

Others

Tax ID 01123307

SqFt Source 2700

Special Listing Condition None

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agent

Kristi Maxwell

+1(775) 342-3297

Agent | License ID: S.174776

Agent License ID: S.174776

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629 Sinclair St