630 Sinclair
Multifamily | 8 Units | Midtown Location
Marketing description
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.
Investment highlights
- Outstanding Location & Nearby Redevelopment - Residents of 630 Sinclair benefit from its location and proximity to major redevelopments, and the ease of access to the amenities, jobs, and lifestyle that Northern Nevada has to offer. The location is within walking distance of both Reno's MidTown & Wells Avenue Districts that offer dining, nightlife, and boutique shopping experiences for the entire City.
- Strong Economic Drivers - The Reno-Sparks region has seen robust economic growth driven by the expansion of numerous nationally recognized companies such as Tesla, Apple, Google, Amazon, Panasonic, Switch Digital, and Blockchain LLC, as well as dozens of lesser-known employers that are creating thousands of jobs in the market.
- Outdoor Lifestyle & Recreation - 630 Sinclair is ideally situated for residents seeking an active lifestyle, offering quick access to premier outdoor destinations with a 45-minute drive to Lake Tahoe offering world-class skiing, beaches, hiking, and mountain biking.
- Investor-Friendly Tax Environment - Nevada's favorable tax structure enhances the asset's investment appeal. The state levies no personal income tax, corporate tax, franchise tax, inventory tax, or gift tax. Additionally, the property is located within a federally designated Opportunity Zone and is being offered free and clear of existing debt.
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