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Townsite Studios 250 W Commercial Row 14 Room Hotel Reno, NV 89501 $1,600,000 ($114,286/Room) 6.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Seller Financing at 5.5% Interest With 40% Down
- Remodeled in 2022/2023
- Incredible Neonline District & Downtown Reno Submarket
- High Occupancy Asset
EXECUTIVE SUMMARY
The Townsite Studios at 250 W Commercial Row presents an opportunity to acquire a renovated multifamily/motel property in the heart of Reno’s exciting Neon Line District. This asset benefits from future upside in one of the city’s most dynamic redevelopment areas where significant investment in the nearby area is expected in the coming years. The unit mix consists of 14 units, 13 studio apartments, and 1 one-bedroom unit. A significant remodel completed in 2022–2023 brought modern updates to the units as well as a more appealing exterior. The Seller is willing to provide owner financing with 40% down at 5.5% interest—an attractive option for investors seeking better than
market financing terms.
This asset’s location in Reno, Nevada offers tenants direct asses to all of Reno’s major employers and events. The Downtown Reno submarket boasts easy access to Interstate 80 and public transportation and is just a mile west of The University of Nevada, Reno. This makes it an attractive option for tenants seeking convenience and accessibility with affordable housing options.
market financing terms.
This asset’s location in Reno, Nevada offers tenants direct asses to all of Reno’s major employers and events. The Downtown Reno submarket boasts easy access to Interstate 80 and public transportation and is just a mile west of The University of Nevada, Reno. This makes it an attractive option for tenants seeking convenience and accessibility with affordable housing options.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,600,000 | Building Size | 4,164 SF |
| Price Per Room | $114,286 | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.09% | Year Built/Renovated | 1959/2022 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.64/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.11 AC | Opportunity Zone |
Yes
|
| Zoning | MD-ED - Mixed Use Entertainment District | ||
| Price | $1,600,000 |
| Price Per Room | $114,286 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,164 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2022 |
| Tenancy | Single |
| Parking Ratio | 2.64/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | MD-ED - Mixed Use Entertainment District |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $75.00 | - |
1 1
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 011-031-02 | Total Assessment | $95,722 |
| Land Assessment | $42,875 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $52,847 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
011-031-02
Land Assessment
$42,875
Improvements Assessment
$52,847
Total Assessment
$95,722
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Townsite Studios | 250 W Commercial Row
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