4 months on rocket

250 W Commercial Row, Reno, NV, 89501

$1,800,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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250 W Commercial Row, Reno$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCommon
Year Built1959
HeatingNatural Gas, Wall Furnace
CoolingEvaporative Cooling
MLS #240008176
Lot Size0.12 Acres
StatusActive
(ACTIVE)

About 250 W Commercial Row

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.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 2

Listing Office:

  • Office Name: Address Income
  • Office Phone: (775) 233-0754
  • Listing Agent: Trevor Richardson

Interior Features

Interior Information:

  • Appliances: Refrigerator, Microwave
  • Flooring Type: Laminate
  • Interior: Smoke Detector

Exterior Features

Parking Information:

  • Parking: Common

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Reno High School, Public District Grades 9-12
  • Archie Clayton Middle School, Public Magnet Grades 6-8
  • Hunter Lake Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: W Commercial Row and N Arlington Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000

Tax Information:

  • Annual Amount: $2,802
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Reno, NV.

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Reno, NV

City

Med. Sold Price

$570.6K

Med. Price/SqFt

$323

Avg. Days On Market

78

# of Sold Homes

304

250 W Commercial Row vs Reno

129 DAYS ON ROCKET

+51 Days

$1,800,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240008176

Listing Office:

  • Office Name: Address Income
  • Office Phone: (775) 233-0754
  • Listing Agent: Trevor Richardson

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 06, 1995Home Sold
$178,000
Sep 11, 1995Home Sold
$295,000
Jan 30, 1990Home Sold
$387,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,802$65,606
2019$2,544$60,133
2018$2,416$56,801
2017$2,416$55,519

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2081226
8
/10

  • Hunter Lake Elementary School

  • 909 Hunter Lake Dr

  • 1.52 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2081227
4
/10

  • Archie Clayton Middle School

  • 1295 Wyoming Ave

  • 1.77 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2081228
8
/10

  • Reno High School

  • 395 Booth St

  • 0.90 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,378. The majority of Reno, NV residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Nevada›Washoe County›Reno›89501›250 W Commercial Row

This home is located at 250 W Commercial Row in Reno, NV and zip code 89501 in the Downtown Reno Regional Center neighborhood. This home, which was built in 1959, sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 29, 2024 and is currently priced at $1,800,000.

While more than 51 listings in Reno, NV in October 2024 were sold above asking price, there were more than 88 listings sold at asking price, and more than 165 were sold below. The number of listings in Reno, NV increased by 1.9% between September 2024 and October 2024. In October 2024, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $570,655.

From Rocket Homes Real Estate and based on county public records data.

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