140 Court St, Reno, NV 89501 For Sale

This opportunity presents the acquisition of 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 property formerly operated as a timeshare resort, and the seller is completing the non-judicial foreclosure of ownership shares that are in default to the association. The process to gain a unified title to the property is anticipated to be completed in Q4 2026. The property will transfer after the seller achieves unified title to the property, with fee simple title property to be conveyed at closing.

The location within an opportunity zone allows prospective buyers to defer existing capital gains and achieve tax-free growth on the asset's future appreciation through a Qualified Opportunity Fund.