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

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

©2024 Northern Nevada Regional MLS. All rights reserved.

Data last updated 9:06 PM UTC, 11/22/2024

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