520 Sinclair Street

Closed 3/17/21
Closed 3/17/21
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Last Sold Price
$470,000
2 beds920 sqft$511/sqft
520 Sinclair StReno, NV89501

Description

Amazing business opportunity to own and operate a profitable income producing property with strong earning history. Tastefully remodeled Victorian style duplex has been set up as a vacation rental utilizing AirBnB and is situated on a trendy block of MidTown which has been completely transformed. Property is nestled amongst a cluster of very high end, trendy properties and consists of two studio units equipped with on-demand water heater and super efficient Split-System heating and cooling., The...Amazing business opportunity to own and operate a profitable income producing property with strong earning history. Tastefully remodeled Victorian style duplex has been set up as a vacation rental utilizing AirBnB and is situated on a trendy block of MidTown which has been completely transformed. Property is nestled amongst a cluster of very high end, trendy properties and consists of two studio units equipped with on-demand water heater and super efficient Split-System heating and cooling., The remodel was just completed a year ago and it comes fully furnished with creative, executive style decor and includes kitchenette with microwave, refrigerator, toaster oven and electric kettle. Also includes art from local street artists promoting the Reno/Tahoe scene. Walking distance from the Discovery Museum, Innevation center and dozens of shops and restaurants in MidTown and Downtown. The guests have given this property experience rave reviews on AirbnB and several have returned for multiple stays. At the current income rate and considering self-management you can earn a Cap rate of 6.0%. Common laundry facility on site used primarily for handy turnover cleanings.
LISTING CLOSED: 03/17/2021 12:00 AM

  1. Listed by Greg Rea • RE/MAX Professionals-Reno
    P: (775)-750-2793 RenoReaTeam@gmail.com

Property Details for 520 Sinclair Street

Status
Closed
MLS #
210000942
Days on Compass
51
Taxes
$625 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1922
Lot Size
0.05 AC / 2,178 SF
County
Washoe County
Zoning
MUDR
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Location

Listing Courtesy of RE/MAX Professionals-Reno, Greg Rea, License #S.170742

Sold By Dickson Realty - Sparks, Kayla Dalton, License #S.182071

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Building Information for 520 Sinclair Street

Stories1Residences2Year Built1922Building Size-Lot Size0.05 AC / 2,178 SF

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$2,441 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,389

Property Taxes

$52

HOA Dues

$0

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Property Information for 520 Sinclair Street

Summary
Location and General Information
  • Directions: Between Moran and Stewart
  • Address:Parcel Number: 01167110
Taxes and HOA
  • Association Amenities: Barbecue
  • Association Fee: $0
  • Tax Annual Amount: $625
  • Tax Legal:Elementary School: Mt. Rose
  • Tax Legal:Middle Or Junior School: Vaughn
  • Tax Legal:High School: Wooster
  • Tax Legal:Tax Annual Amount: $625
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MUDR
  • Tax Legal:Directions: Between Moran and Stewart
  • AssociationCommunity:Number Of Buildings: 1.0
  • Association Amenities:Barbecue: Yes
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Assigned
  • Parking Total: 2.0
  • Parking Information:Parking Total: 2.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Assigned: Yes
School Information
  • Elementary School: Mt. Rose
  • High School: Wooster
  • Middle Or Junior School: Vaughn
Property
Lot Information
  • Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear, Other
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Square Feet: 2178.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 920.0
  • Lot:Lot Size Acres: 0.05
  • Lot:Lot Size Square Feet: 2178.0
  • Lot Features:Landscaped: Yes
  • Lot Features:Sprinklers In Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Lot Features:Other: Yes
Property and Assessments
  • Parcel Number: 01167110
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1922
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Central: Yes
  • Water Heater:Gas: Yes
  • Water Heater:Tankless: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: No
  • Meter Information:Separate Electric Meters YN: No
  • Meter Information:Separate Gas Meters YN: No
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:Separate Water Heaters YN: No
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: Yes
  • Meter Information:One Primary Water Meter YN: No
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Patio, Deck
  • Stories: 1
  • Construction Materials: Frame, Wood Siding
  • Fencing: Back Yard
  • Foundation Details: Crawl Space
  • Roof: Composition, Pitched, Shingle
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Single Pane Windows, Wood Frames
  • Building:Number Of Units Total: 2.0
  • Building:Stories: 1.0
  • Building:Units Furnished: Varies By Unit
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Fencing:Back Yard: Yes
  • Foundation Details:Crawl Space: Yes
  • Outdoor Living Spaces:Deck: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:Rear: Yes
  • Window Features:Blinds: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Wood Frames: Yes
Interior Features
  • Cooling: Electric
  • Cooling YN: Yes
  • Flooring: Laminate
  • Heating: Electric
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Interior:Building Area Total: 920.0
  • Interior:Building Area Source: Assessor
  • Cooling:Electric: Yes
  • Flooring:Laminate: Yes
  • Heating:Electric: Yes
  • Appliances:Dryer: Yes
  • Appliances:Microwave: Yes
  • Appliances:Refrigerator: Yes
  • Appliances:Washer: Yes
  • Laundry Features:Common Area: Yes
Multi Family
Income & Expenses
  • Income and Expenses:Annual Income & Expenses: Actual
Multi Family Information
  • Units Furnished: Varies By Unit
  • Number Of Units Total: 2

Property History for 520 Sinclair Street

DateEvent & SourcePriceAppreciation
Mar 17, 2021

Sold

NNRMLS #210000942

$470,000—
Mar 11, 2021

Sold (Public Record)

Public Record #1455084249

$470,000

+21.4% / yr

Jan 26, 2021

Pending

NNRMLS #210000942

—
DateEvent & SourcePrice
03/17/2021

Sold

NNRMLS #210000942

$470,000
03/11/2021

Sold (Public Record)

Public Record #1455084249

$470,000

+21.4% / yr

01/26/2021

Pending

NNRMLS #210000942

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 520 Sinclair Street

Taxable ValueLand$55,195Additions$16,096Total$71,291
Tax Record2025$917 ($76 / month)
Home Facts
Baths1Total Finished SqFt920 SqFtAbove Grade Finished SqFt920 SqFtUnfinished Basement SqFt120 SqFtStories1Lot Size2,150 SqFtStyleDuplexYear Built1922ZoningMU-MCCountyWASHOEAPN011-671-10

Schools near 520 Sinclair Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Libby C Booth Elementary School
Public - PK to 5
E Otis Vaughn Middle School
Public - 6 to 8
Earl Wooster High School
Public - 9 to 12
Marvin Picollo School
Public - PK to 12
Rating
School
Distance
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Marvin Picollo School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Professionals-Reno, Greg Rea, License #S.170742

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.