Hotels /NV /Washoe County /Reno /777 E 4th St
Hotels /NV /Washoe County /Reno /777 E 4th St

777 E 4th St - Hospitality FOR SALE


Reno, NV 89512 | 
$8,800,000 USD
775-828-3700
777 E 4th St, Reno, NV for Sale
$8,800,000 USD
Hospitality - FOR SALE
1/7
null | 5.67% Cap Rate
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777 E 4th St
Reno, NV 89512

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HIGHLIGHTS

  • Prime real estate close to the Brewery District.
  • 80 rooms in total, 68 rooms at 200 SF, 10 rooms at 300 SF with kitchen, 2 1 bedroom apartments
  • Manager suite connected to the front office
  • Option for seller lease back at 5% ($480,000) under a master lease

OVERVIEW

Prominent weekly, monthly rental property. High consistent occupancy with stable tenants. Located 7 blocks off N. Virginia on E 4th Street which is a very active street.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$287 USD /SF

# OF ROOMS

80

PRICE/ROOM

$110,000 {currency}

CAP RATE

5.67%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rancho 777 Residence

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

MUDR

APN/PARCEL ID

008-243-08

ASK ABOUT THIS PROPERTY

Kevin SigstadRE/MAX Premier PropertiesMore Info
775-828-3700

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Kevin SigstadRE/MAX Premier PropertiesMore Info
775-828-3700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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