250 West Commercial Row

Reno, NV 89501

$1,800,000
Price
1
Beds
14
Baths
3,696 Sq. Ft.
$487 / Sq. Ft.
3,696
Sq. Ft.
$487
per Sq. Ft.

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.
  1. Listed by Trevor Richardson • Address Income
  2. Listed by Jake Andronico • Address Income

Property Details for 250 West Commercial Row

Zoning Actual
MD-ED
Total Parking Capacity
11
LISTING UPDATED: 07/02/2024 11:12 PM

Property Details for 250 West Commercial Row

StatusActive
MLS #240008176
Days on Compass172
Taxes$3,219 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built1959
Lot Size0.12 AC / 5,227 SF
CountyWashoe 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

Summary
Location and General Information
  • Geo Latitude: 39.5273910560336
  • Geo Longitude: -119.81675567434
  • Geo Quality: 1.0
  • Geo Zoom Level: 18.0
  • Geo Address Line: 250 W Commercial Row
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89501
  • Address: 250 W Commercial Row
  • County: Washoe
  • Elementary School: Hunter Lake
  • Middle School: Swope
  • High School: Reno
  • Xstreet/Directions: W Commercial Row and N Arlington Ave
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Taxes $: $3,219.11
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1959.0
  • Acreage: 0.12
  • Type of Property: Apartment Complex
  • Parcel #: 01103102
  • Complex Name: The Townsite Motel
  • Gross Square Footage: 3696.0
Property and Assessments
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Masonry
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 06-28-2024
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Evap Cooling, Natural Gas, Wall Heater
  • Water Heater: Natural Gas
  • Windows: Double Pane, Single Pane
  • Facility Features: Primary Meter-Gas, Primary Meter-Electric, Primary Meter-Water, Central Water Heaters, Landlord Pays Utilities
  • Common Features: Alley Access
  • Unit Features: Smoke Detector
  • Appliances: Refrigerator, Microwave
  • Laundry: Common
  • Flooring: Laminate
Exterior Features
  • Foundation: Basement/Unfinished
  • Exterior: Stucco, Brick
  • Roof: Flat
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Internet Available
  • Landscaped: None
  • Sprinklers: None
  • Fenced: None
Room
  • Studio - # Baths: 13
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 1
  • 1 Bedroom - SqFt/Unit: 400
  • 1 Bedroom - Avg Rent/Unit: 1846
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 0
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 13
  • Studio - SqFt/Unit: 264
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 1438
  • # Buildings: 1
  • # Units: 14
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $11,380.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $246,534.00
  • Net Operating Income: $120,408.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 171
  • DOMLS: 171
  • Cumulative DOM: 171
  • Cumulative DOMLS: 171
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Jake Andronico
  • Contact Phone: 415 233 1796
Rental
Rent Information
  • Annual Vacancy: $12,327.00
  • Current Lease: Leases

Property History for 250 West Commercial Row

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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250 West Commercial Row is a multi-family home for sale in Reno, NV 89501. This property was listed for sale on June 28, 2024 by Address Income, it's currently listed at $1,800,000. This listing's school district is Washoe County School District. Nearby schools include Hunter Lake Elementary School, Darrell C Swope Middle School and Reno High School. 250 West Commercial Row is a 1-bed, 14-bath, 3,696 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Address Income, Trevor Richardson, License #12756; Address Income, Jake Andronico, License #15866

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.