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Rancho 777 Residence 777 E 4th St

80 Room Serviced Apartment Reno, NV 89512 $8,800,000 ($110,000/Room) 5.67% Cap Rate

Hospitality Properties Nevada Reno 777 E 4th St, Reno, NV 89512

Investment Highlights

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

Executive Summary

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

Attachments

OM Rancho777 10092024

Data Room Click Here to Access

  • Operating and Financials

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $8,800,000 Building Size 30,684 SF
Price Per Room $110,000 No. Rooms 80
Sale Type Investment No. Stories 2
Cap Rate 5.67% Year Built 1954
Sale Conditions Sale Leaseback Tenancy Single
Property Type Hospitality Parking Ratio 1.3/1,000 SF
Property Subtype
Serviced Apartment
  • Hospitality Hotel
 Corridor Exterior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 1.24 AC
Price $8,800,000
Price Per Room $110,000
Sale Type Investment
Cap Rate 5.67%
Sale Conditions Sale Leaseback
Property Type Hospitality
Property Subtype
Serviced Apartment
  • Hospitality Hotel
Building Class C
Lot Size 1.24 AC
Building Size 30,684 SF
No. Rooms 80
No. Stories 2
Year Built 1954
Tenancy Single
Parking Ratio 1.3/1,000 SF
Corridor Exterior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • High Speed Internet Access
  • Public Access Wifi
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 80 $100.00 -

Links

1 of 1
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 008-243-08 Improvements Assessment $306,286 (2024)
Land Assessment $131,803 (2024) Total Assessment $438,089 (2024)

PROPERTY TAXES

Parcel Number
008-243-08
Land Assessment
$131,803 (2024)
Improvements Assessment
$306,286 (2024)
Total Assessment
$438,089 (2024)

zoning

Zoning Code MUDR
MUDR
(775) 828-3700

Contacts

  • Listing ID: 28565264

  • Date on Market: 5/24/2023

  • Last Updated:

  • Address: 777 E 4th St, Reno, NV 89512

More public record information on 777 E 4th St, Reno, NV 89512

The Hospitality Property at 777 E 4th St, Reno, NV 89512 is currently available for sale. Contact RE/MAX Premier Properties for more information.

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Rancho 777 Residence | 777 E 4th St
(775) 828-3700 x

Rancho 777 Residence | 777 E 4th St

1/2

Kevin Sigstad

(775) 828-3700

(775) 828-3700

Justin Sigstad

(775) 284-1805

(775) 284-1805

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