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250 W Commercial Row

Reno, NV 89501
  • $1,800,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: 240008176
UPDATED: 69 min ago
$1,800,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,696
    SQFT
  • $487
    $/SQFT
Type:
Multi-Family
Built:
1959
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-01T22:20:23.55.
www.vaulethomes.com/homes/152162294
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250 W Commercial Row Reno, NV 89501

  • Price: $1,800,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 69 min ago
  • MLS #: 240008176
0
Beds
0
Baths
0
½ Baths
0.12
Acres
3,696
SQFT
$487
$/SQFT
1959
Built
County:
Washoe
Elementary School:
Hunter Lake
Middle School:
Swope
High School:
Reno
Property Description
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.
Exterior Features

Construction Masonry Exterior StuccoBrick Fenced None Foundation Basement/Unfinished Landscaped None Parking Capacity 11 Parking Types Common Roof Flat Sprinklers None

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 400 2 Bedroom Baths 0 2 Bedroom Sq Ft 0 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorMicrowave Flooring Laminate Heating Cooling Evap CoolingNatural GasWall Heater Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 13 Studio Sq Ft 264 Unit Features Smoke Detector Water Heater Natural Gas Windows Double PaneSingle Pane

Property Features

1 Bedroom Avg Rent Per Unit 1846 1 Bedroom Units 1 2 Bedroom Avg Rent Per Unit 0 2 Bedroom Units 0 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 11380 Annual Income And Expenses Pro Forma Annual Vacancy 12327 Apod Available Yes Ccr Restrictions No Common Features Alley Access Documents On File Financial StatementsRental/Leases Facility Features Primary Meter-GasPrimary Meter-ElectricPrimary Meter-WaterCentral Water HeatersLandlord Pays Utilities Green Feature Double Pane Windows Gross Scheduled Income 246534 HUD No Multifamily Type Apartment Complex Net Operating Income 120408 Owners May Sell Exchange 1031CashOwner Carry 1st Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 1438 Studio Units 13 Utilities CableCity/County WaterCity SewerElectricityInternet Available Zoning Actual MD-ED

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of : .

Northern Nevada Regional MLS logo © 2024 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-01T22:20:23.55.
 
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Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502