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Townsite Motel 250 W Commercial Row

14 Room Hotel Reno, NV 89501 £1,420,200 (£101,443/Room) 6.69% Net Initial Yield

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Investment Highlights

Seller Financing Available
Walking distance from the Riverwalk District

Adjacent to the J Resort

Executive Summary

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.

_Multifamily Listing Package - 250 W Commercial Row (1) (1)

Property Facts

Price	£1,420,200	Building Size	3,696 SF
Price Per Room	£101,443	No. Rooms	14
Sale Type	Investment	Number of Floors	2
Net Initial Yield	6.69%	Year Built	1959
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	3.79/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.12 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,420,200
Price Per Room	£101,443
Sale Type	Investment
Net Initial Yield	6.69%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.12 AC
Building Size	3,696 SF
No. Rooms	14
Number of Floors	2
Year Built	1959
Tenancy	Single
Parking Ratio	3.79/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.