Center Street Flats

520 University Way, Reno, NV 89501

— For Sale —

Offering Price $3,800,000

Total Square Footage +/- 9,492 SF

Acreage +/- 0.289 AC

Property Information

The Center Street Flats, located in Reno, Nevada, within the Downtown Reno submarket, offer a total of thirty-one (31) motel units being used as monthly apartments with renovations nearly complete. The units consist of four (4) 1 bed, 1 bath units and twenty-seven (27) studio units. Property features include a hardwired Ubiquiti router system for fast internet, a finished common laundry area, a resurfaced parking lot, new exterior paint, and much more. The property is located in the heart of Downtown Reno, offering multiple transit options and direct access to major employers. It is just a few blocks south of the University of Nevada Reno and two blocks east of The Row, featuring the Silver Legacy, El Dorado, and Circus Circus Casinos. It could be run as it currently is as monthly apartments, or it can be leased as a motel or short-term AirBNB units.