$1,800,000 $9,663 est/mo Sourced by Back At You

250 W Commercial Row,Reno, NV 89501

Reno NV, 89501

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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 TypeFor Sale
Sub-TypeResale
StatusACTIVE
Year1959
Days On Site26
Listing Provided ByAddress Income | Trevor Richardson

Features

Story(s)2
Units14
Building(s)1
Acreage0.12

Market Activity 89501

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Northern Nevada Regional MLS

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Listings Checked: 11 seconds ago
StateNV
CountyWashoe
CityReno
Zip Code89501
AreaReno Downtown Core
Community NameNV
School DistrictReno
Elementary SchoolHunter Lake
Middle SchoolSwope
High SchoolReno
Listing VS Median (in NV)
Price:
$1,800,000
low | high
Med:
$529,450
100% of Average
On Site:
26
low | high
Med:
50
52% of Average
Sourced by Back At You
Listing Updated: July 8, 2024 at 10:02:58 AM PDT