$1,800,000 $9,663 forsale estimated payment Sourced by Back At You
250 W Commercial Row , Reno, NV 89501
Reno, NV 89501
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.
Details
| Mls | 240008176 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | ACTIVE |
| Year | 1959 |
| Days On Site | 168 |
| Listing Provided By | Address Income | Trevor Richardson |
Features
| Storys | 2 |
|---|---|
| Units | 14 |
| Buildings | 1 |
| Acreage | 0.12 |
Market Activity 89501
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89501 |
| Area | Reno Downtown Core |
| Community Name | NV |
| School District | Reno |
| Elementary School | Hunter Lake |
| Middle School | Swope |
| High School | Reno |
| Listing VS Median (in NV) | |
Price: $1,800,000 low | high Med: $521,245 On Site: 168 low | high Med: 22.5 | |
Listing Updated: November 20, 2024 at 6:49:36 PM PST