FOR SALE
250 W Commercial Row, Reno, NV 89501
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 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 town site 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,
2150 Victorian Ave,
Sparks, NV 89431
Listing Price: $2,800,000
Price per sqft: $550
Units: 23
Type: Motel
Year Built: 1943
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.
250 W Commercial Row (Listing Package)
What is a Listing Package?
The Listing Package is a full comprehensive summary of the listing.