Active
250 W Commercial Row
Reno NV, 89501
$1,800,000
$487.01 per sqft
Active
14 Baths
3,696 sqft
Multi-family
Built in 1959
Seller financing is available, and seller would prefer to sell as a portfolio with Sparks Studios (2150 Victorian Ave). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Welcome to The Townsite Motel in Reno, NV, an excellent investment opportunity located adjacent to the brand new J Resort and the revitalized Neon Light District. The motel offers 14 units, each thoughtfully designed to accommodate short-term rentals. This prime location in Reno's bustling entertainment hub ensures high demand and steady rental income. The Townsite is walking distance to the coveted Riverwalk District and downtown nightlife. Additionally, the surrounding area is seeing further development with the upcoming North Arlington Apartments, a luxury apartment complex that will continue to add to the areas appeal and convenience. This type of asset rarely pops up for sale in Reno. For further details and investment analysis reach out to listing agent.
240008176
MLSⓇ ID
June 28, 2024
Listed
November 22, 2024
Updated
Map
250 W Commercial Row
Reno NV, 89501
Interior Features
Total Stories
2
Total Bathrooms
14
Half Bathrooms
1
Appliances
Refrigerator, Microwave
Laundry Description
Common
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Evap Cooling, Natural Gas, Wall Heater
Heating
Yes
Heating Description
Evap Cooling, Natural Gas, Wall Heater
Exterior/Building Features
Lot Size
0.12 Acres
Exterior Features
Stucco, Brick
Roof
Flat
School Information
High School
Reno
Elementary School
Hunter Lake
Other Property Details
Days on Market
5
Garage
No
Parking
Common
Parking Total
11
View
No
County
Washoe
Municipality
No
Pool
No
Zoning
MD-ED
Courtesy of Address Income, Trevor Richardson
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Data last updated 9:06 PM UTC, 11/22/2024