Unique Motel In Urban Reno Setting For Sale

Business description

Unique Motel in Northern Nevada in an Urban Setting featuring 26 well Maintained Rooms. Pictures of exterior of building and interior pictures of the rooms. Motel caters to long term stable tenants who usually occupy over 60 percent of the rooms. Motel offers both monthly, weekly and daily rentals and is nearby to a major downtown area. Motel has been in business for over 40 years. Existing management has over 5 years experience with this motel property. The motel is clean, well managed and well maintained. The motel benefits from all the major activities hosted by the city and surrounding area has to offer. The business would be a stable investment for the new owner of this property. The property is located on .22 acres and is a 2 story structure.

Property information

Real Estate:

Real Property Included

Location:

Downtown Reno

Premises details:

9922 square foot 2 story motel

Size in square feet:

.22 acres

Business Operation

Reasons for selling:

other business interests

Trading hours:

8-6 daily - on site manager

Employees:

1

Years established:

1968

Other information

Support & training:

1 week at 20 hours

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

OWC $155,600 at 8% interest for 18 years at $1361.44 per month with an assumable promissory note.