62 Unit Apartment Complex on 4.1± Acres in Memphis, TN (Shelby County)
62 Units on 4.1± Acres zoned R-ML, the garden/ low-rise asset includes 50 flats (built 1967) and 12 townhomes (built 1972). It is on Parcel Number 072071 00062C.
Auction Location
Sold for $341,000
REO Asset Auction
62 Units on 4.1+- Acres
Buena Vista Apartments,
3431 N. Trezevant Street, Memphis (Shelby County) TN 38127
ONSITE AUCTION: Thursday, February 25th, 2010 at 11 AM EST
OR BID ONLINE AT www.auctionEbid.com
INSPECTION: Monday, February 22nd, 2010 at 10 AM- 2 PM or By Appointment
Zoned "R-ML, Multifamily Residential; Medium Density", the garden/ low-rise asset includes flats (built 1967) and townhomes (built 1972). Townhome units are individually metered for electric and water with washer/ dryer hookups, flats are mostly common-metered with washer hookups only. It is on Parcel Number 072071 00062C.
# Type SF
8 1 BR/ 1 BA flat 600
42 2 BR/ 1 BA flat 690
11 2 BR/ 1.5 BA TH 1050
1 3 BR/ 1.5 BA TH 1150
62 Total 46,480 SF
Terms: Proof of Required Earnest Money Downpayment Funds required to bid , 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit payable immediately after the auction, close no later than Thursday, March 25th, 2010.
Escrow and Closing Agent: First American Title, attn Carol Perry. Closing agent fees split between Buyer and Seller.
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Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see BROKER PARTICIPATION section in website terms for details
For additional property information, auction terms, and contract form, visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565
Questions? Contact Jeb Howell, 770-841-9924, at jeb@auctionEbid.com
AUCTION MANAGEMENT CORPORATION
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