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.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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2,700SQFT
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$406$/SQFT
School Information
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.
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