Old Legacy Vacation Resorts Reno
Value-Add Multifamily Redevelopment Opportunity
Marketing description
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.
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