250 West Commercial Row
$1,800,000
1
14
3,696
3,696
$487
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.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.
- Listed by Trevor Richardson • Address Income
- Listed by Jake Andronico • Address Income
Property Details for 250 West Commercial Row
Zoning Actual
MD-ED
Total Parking Capacity11
LISTING UPDATED: 07/02/2024 11:12 PM
Property Details for 250 West Commercial Row
Status | Active |
---|---|
MLS # | 240008176 |
Days on Compass | 142 |
Taxes | $3,219 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Apartment Complex |
Year Built | 1959 |
Lot Size | 0.12 AC / 5,227 SF |
County | Washoe County |
Building Information for 250 West Commercial Row
Stories2Residences-Year Built1959Building Size-Lot Size0.12 AC / 5,227 SF
Property Information for 250 West Commercial Row
Property History for 250 West Commercial Row
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 250 West Commercial Row
Taxable ValueLand$41,125Additions$45,710Total$86,835
Tax Record2023$3,219 ($268 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtUnfinished Basement SqFt468 SqFtStories2Lot Size5,009 SqFtStyleHotel / MotelYear Built1959ZoningMDEDCountyWASHOEAPN011-031-02
Schools near 250 West Commercial Row
This home is within Washoe County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 12 |
Rating | School | Distance |
---|---|---|
Hunter Lake Elementary School PublicK to 6 | ||
Darrell C Swope Middle School Public6 to 8 | ||
Reno High School Public9 to 12 | ||
Washoe Innovations Academy PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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