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Legacy Vacation Resorts Reno 140 Court St 93 Room Hotel Reno, NV 89501 $6,000,000 ($64,516/Room)
Investment Highlights
- Value-add multifamily redevelopment opportunity
- Opportunity to control the interest in a desirable location
Executive Summary
The ownership interest in 140 Court Street, Reno, Nevada, presents an opportunity to acquire a controlling interest in a 93-unit resort (approval for 95 units) property in downtown Reno at a substantial discount to replacement cost. All 93 units include kitchenettes, and the property features an indoor pool, sauna, fitness center, game
room, and 71 covered parking spaces across three separate areas.
The sale conveys full control of the property, which includes all timeshare interests currently held by the Declarant ( + affiliated parties), along with the Declarant's legal rights to pursue non-judicial foreclosure on interests currently in default. The foreclosure process has been initiated with retained legal counsel, and those rights transfer to the buyer at the close of escrow.
room, and 71 covered parking spaces across three separate areas.
The sale conveys full control of the property, which includes all timeshare interests currently held by the Declarant ( + affiliated parties), along with the Declarant's legal rights to pursue non-judicial foreclosure on interests currently in default. The foreclosure process has been initiated with retained legal counsel, and those rights transfer to the buyer at the close of escrow.
Property Facts
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Time Share
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 93 | $138.00 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 011-163-15 | Improvements Assessment | $1,196,125 |
| Land Assessment | $246,715 | Total Assessment | $1,442,840 |
Property Taxes
Parcel Number
011-163-15
Land Assessment
$246,715
Improvements Assessment
$1,196,125
Total Assessment
$1,442,840
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Legacy Vacation Resorts Reno | 140 Court St
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