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.