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. Projected cash flow scenarios show a net earning potential of nearly $70k per year with more upgrades, or a 5.6% cap. The owner also owns the property next door which could be sold together for a larger development play.
Courtesy of Trevor Richardson and Address Income. Contact:
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Data last updated on 06/28/2017.
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