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Reno,NV 89501
Key Details
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $487
Subdivision Nv
MLS Listing ID 240008176
Bedrooms 1
Year Built 1959
Lot Size 5,227 Sqft
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.
Location
State NV
County Washoe
Zoning MD-ED
Interior
Heating Evap Cooling,Natural Gas,Wall Heater
Cooling Evap Cooling,Natural Gas,Wall Heater
Flooring Laminate
Laundry Common
Exterior
Exterior Feature Brick,Stucco
Fence None
Utilities Available Cable,City/County Water,City Sewer,Electricity,Internet Available
Roof Type Flat
Building
Story 2 Story
Foundation Basement/Unfinished
Water Natural Gas
Structure Type Masonry
Schools
Elementary Schools Hunter Lake
Middle Schools Swope
High Schools Reno
Others
Special Listing Condition None