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Multifamily

629 Sinclair Portfolio

629 Sinclair St, Reno, NV 89501

Listing Price: $1,500,000

Cap Rate
5.87%
Number of Units
7
GRM
12.63
Occupancy
95.0%
Price/Unit
$214,286
Price/Gross SF
$356.63
Gross SF
4,206

Investment Overview

Marcus & Millichap is proud to present an exciting opportunity with the 629 Sinclair St Portfolio. This exceptional collection of adjacent parcels offers a range of residences with diverse unit mixes, providing
unparalleled flexibility and maximizing your return on investment. With seven structures in total,
including ample living space and covered storage areas, this portfolio promises both comfort and convenience.

Situated on the vibrant North end of Midtown, this prime location ensures easy access to the bustling social scene of downtown Reno, as well as the myriad of restaurants and activities that define Midtown's charm. For frequent travelers, the proximity to the airport offers added convenience without sacrificing peace and tranquility.

While each property within the portfolio may be available individually, there is a unique advantage in bundling both properties together. Don't miss out on this incredible opportunity to invest in one of Reno's most sought-after neighborhoods, where the potential for growth and prosperity is limitless.

Investment Highlights

  • Strategic Location – Nestled in the heart of Reno, this property provides convenient access to main thoroughfares and is within walking distance of Midtown and downtown Reno's various activities.
  • Diverse Unit Mix – The Sinclair Portfolio provides seven unique units that offer flexibility for investment returns or personal use.
  • Two Historic Properties – These two adjacent parcels have been upgraded, but still keep their bones of the historic area. The surrounding neighborhood has been kept up and maintains a strong appeal.

Exclusively Listed By

Multifamily

629 Sinclair Portfolio

Listing Price: $1,500,000

Cap Rate
5.87%
Number of Units
7
GRM
12.63
Occupancy
95.0%
Price/Unit
$214,286
Price/Gross SF
$356.63
Gross SF
4,206

Investment Highlights

  • Strategic Location – Nestled in the heart of Reno, this property provides convenient access to main thoroughfares and is within walking distance of Midtown and downtown Reno's various activities.
  • Diverse Unit Mix – The Sinclair Portfolio provides seven unique units that offer flexibility for investment returns or personal use.
  • Two Historic Properties – These two adjacent parcels have been upgraded, but still keep their bones of the historic area. The surrounding neighborhood has been kept up and maintains a strong appeal.

Investment Overview

Marcus & Millichap is proud to present an exciting opportunity with the 629 Sinclair St Portfolio. This exceptional collection of adjacent parcels offers a range of residences with diverse unit mixes, providing unparalleled flexibility and maximizing your return on investment. With seven structures in total, including ample living space and covered storage areas, this portfolio promises both comfort and convenience. Situated on the vibrant North end of Midtown, this prime location ensures easy access to the bustling social scene of downtown Reno, as well as the myriad of restaurants and activities that define Midtown's charm. For frequent travelers, the proximity to the airport offers added convenience without sacrificing peace and tranquility. While each property within the portfolio may be available individually, there is a unique advantage in bundling both properties together. Don't miss out on this incredible opportunity to invest in one of Reno's most sought-after neighborhoods, where the potential for growth and prosperity is limitless.

Exclusively Listed By

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