The 103 unit Quality Inn is located on Virginia Street, a main street in the city of Reno. It is adjacent to Plumb Lane which gives the Property direct access to the Tahoe/Reno International Airport less than 2 miles away. It consists of 45 single bed guestrooms and 58 double bed guestrooms. Each unit includes a 25" or 27" television and refrigerator. First floor units have patios while second floor units have balconies. The Property includes a two-bedroom, one-bathroom manager's quarters, outdoor swimming pool and hot tub. There is a 5,000 square foot leased restaurant that seats 144 people and generates $40,000 of revenue per annum. There is also a meeting room that has 2,600 square feet of space.
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Overview:
Quality Inn
1885 South Virginia Street
Reno, NV
- 103 Unit Quality Inn, Airport Adjacent, Excellent Location
- 2007 Room Revenue: $1,720,796
- 2007 Net Operating Income: $832,488
- Seller Financing Option Available
- Leased Restaurant, Generating $40,000 Revenue per Annum
- Asking Price:$6,950,000