FOR SALE
250 W Commercial Row, Reno, NV 89501

PROPERTY DESCRIPTION

Seller financing is available, and the seller would prefer to sell as a portfolio with Sparks Studios (2150 Victorian Ave). With seller financing terms for both assets, the buyer would have cash flow, and the 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 within walking distance of 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 area's appeal and convenience.

This type of asset rarely pops up for sale in Reno.

For further details and investment analysis reach out to the listing agent.

*This property can be sold separately or with 2150 Victorian Ave.*

PROPERTY DETAILS

Listing Status
ACTIVE

Square Footage
3,696

Gross Annual Income
$234,208 (proforma)

Listing Price
$1,800,000

Price Per SqFt
$487

Units
14

Year Built
1959

Lot Size
0.12 AC

Type
Motel

FOR SALE
2150 Victorian Ave.,

Sparks, NV 89431

Listing Price: $2,800,000

Price per sqft: $550

Units: 23

Type: Motel

Year Built: 1943

More about This Listing

Property Financials + Reports

MULTIFAMILY INVESTMENT PROPERTY ANALYSIS (MIPA)

What is a MIPA?

The MIPA is a comprehensive analysis reporting tool for multifamily investment properties that provides all the pertinent information necessary to make an informed and strategic purchase decision.