521 Sinclair - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$1,925,000 USD
775-348-5226
521 Sinclair, Reno, NV for Sale
$1,925,000 USD
Apartments - FOR SALE
1/8
null | 4.77% Cap Rate

521 Sinclair
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • 5.95% ProForma Cap Rate
  • Outstanding MidTown Location & Nearby Redevelopment
  • Investor-Friendly Tax Environment
  • Strong Rental History
  • Fully Renovated

OVERVIEW

Marcus & Millichap is proud to present for sale 521 Sinclair Street, an eight-unit multifamily investment property located in the heart of MidTown. The Asset has been well-cared for by the current ownership, having undergone full renovation to match the MidTown vibe. The unit mix consists of 8 one-bed/one-bath units with new LVP flooring, recessed can lights, reclaimed wood accent walls, updated cabinets & countertops, and in-unit washer & dryers. The units feature a either a white or stainless steel kitchen appliance package, wall-unit A/Cs, and gas heater, as well as new bathroom vanities. The asset offers off-street parking, a gated courtyard, and mature landscaping.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$501 USD /SF

# OF UNITS

8

PRICE/UNIT

$240,625

CAP RATE

4.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MUSV

APN/PARCEL ID

011-193-04

ASK ABOUT THIS PROPERTY

Ryan RifeMarcus & MillichapMore Info
775-348-5226

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Ryan RifeMarcus & MillichapMore Info
775-348-5226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.