This property is Off-Market

2150 Victorian Ave
Sparks, NV 89431 ·

19 Rooms · Hotel & Motel For Sale

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JB Rentals Motel/Apartments

Price N/A Property Use Type Vacant/Owner-User
No. Rooms 19 Cap Rate 9.60%
Building Size 5,089 SF No. Stories 1
Property Type Hotel & Motel Year Built 1943
Property Sub-type Economy/Limited Service Lot Size 0.52 AC
Listing ID: 13865739 Date Created: 02/25/2004 Last Updated: 09/10/2004

Description

Picturesque Motel/Apartment with 19 full service units including kitchens and full bathrooms. Income also derived from four trailers. Mostly weekly and monthly rentals. Includes full service laundry with coin operated washers and dryers. Large reception area and office for manager. Ample parking and close to I-80 arterial highway.

Located in Sparks, Nevada; the bedroom community for Reno. Opposite Rail City casino and close to other casinos, shopping and work areas. Sparks is a rapidly growing community and the property serves the many tourist events in the Reno/Sparks area including the Reno Air Races, Hot August Nights, Days of Thunder......

Highlights

  • Ideal investment property with 9.6% cap rate
  • Located adjacent to I-80 and close to US 395
  • Low vacancy with weekly and monthly rentals
  • Ample parking
  • Close to casinos and shopping

Research

2150 Victorian Ave, Sparks, NV 89431 (Washoe County)

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