The U.S. Bankruptcy Court in Reno has set an auction Feb. 18 on the Lakeridge West Apartments complex in Reno.
The minimum bid on the 126-unit complex is set at $7.5 million. The winning bidder will be required to put up a $1 million deposit, and the sale is scheduled to close between Feb. 21 and Feb. 24.
The complex, which includes one-, two- and three-bedroom units, is on 5.47 acres adjacent to the Lakeridge Golf Course.
While it’s currently a rental property, it’s mapped for condominium sales.
Access to the auction will be limited; contact Avison Young Western Alliance Commercial Inc. at 775-332-2800 for details
NNBW staff
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