630 Sinclair St - Apartments FOR SALE


Reno, NV 89501- Midtown Reno
$1,750,000 USD
775-348-5226
630 Sinclair St, Reno, NV for Sale
$1,750,000 USD
Apartments - FOR SALE
1/16
null | 4.87% Cap Rate

630 Sinclair St
Reno, NV 89501
Midtown Reno


HIGHLIGHTS

  • Outstanding MidTown Location & Nearby Redevelopment
  • Luxury, Modern Finishes
  • Upgraded Appliances, Granite Countertops, & Cabinets
  • New Bathroom Vanities & Shower Surrounds

OVERVIEW

Marcus & Millichap is proud to present for sale 630 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 studio apartments with new LVP flooring, light fixtures, reclaimed wood accent walls, updated cabinets & stone countertops, undermount sinks, and in-unit washer & dryers. The units feature a full stainless-steel kitchen appliance package, wall-unit A/Cs, and gas heater, as well as new bathroom vanities and shower surrounds. The asset offers off-street parking, a fence-in courtyard, mature landscaping, and vibrant murals on the western face and eastern fencing.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

4.87%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

MUSV

APN/PARCEL ID

011-235-23

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.