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Cory L Coombes

coryl.coombes@engelvoelkers.com +1(775) 225-8914

$ 995,000

Est. payment -/mo

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Price Dropped by $80K

629 Sinclair ST Reno, NV 89501

2,700 SqFt

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $368

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 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

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

Fireplace No

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

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 011-233-07

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Address Income

Cory L Coombes

Office Manager

+1(775) 225-8914

Cory L Coombes

629 Sinclair ST Reno, NV 89501

Key Details

Location

Interior

Exterior

Building

Schools

Others

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629 Sinclair ST