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Janice Schaaf

janice.schaaf@engelvoelkers.com +1(650) 208-1548

$ 1,075,000

Est. payment -/mo

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Price Dropped by $20K

629 Sinclair ST Street Reno, NV 89501

2,700 SqFt

UPDATED:

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

Acres 0.16

Lot Dimensions 0.16

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

Direction Sinclair St

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

Garage No

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

Tax ID 01123307

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Address Income

Janice Schaaf

Global Real Estate Advisor ~ Realtor | License ID: NV 185416 | CA 01768524

+1(650) 208-1548

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