Charlotte, NC – Real estate investors and owner-occupants alike looking for real estate bargains will have their opportunity on Saturday, October 18th in Charlotte, NC. The auction will be conducted by locally operated Chartwell Auctions, Gordon Greene Broker and Auctioneer. As many as four parcels will be offered absolute, without reserve, and regardless of price. Suggested opening bids start at $20,000. Rather than sell these assets slowly over a period of months, multiple ownerships have decided on this one-time-only final sale, passing substantial savings to the successful bidder at auction.
Jason Dolph, Manager of the Chartwell Auctions Charlotte office, stated, “This is the real estate auction event buyers have been waiting for. There is a bit of everything available from apartment complexes and industrial buildings, to single-family homes. There is no better place to own than North Carolina.” Properties to be included in the October 18th auction are as follows:
98-Unit Glenwood Point Apartments, Charlotte. Over $600,000 in annual scheduled gross income. Reserve Price $ 1,645,000
40-Unit Eastover Apartments, Charlotte. Over 90% occupied. Reserve Price: $ 1,185,000
208,650 SF Manufacturing/ Warehouse Facility, Red Springs, NC. Reserve Price $485,000 or $2.33 / SF
3 Bedroom Home and Adjoining 3.96 Acre Tract for 15 Homes in Charlotte. Suggested Opening Bid of $20,000 each. Offered individually and combined.
1147 SF Building 8 blocks from downtown Charlotte ideally situated one block from CPCC Community College. Reserve Price $99,000
8 single-family homes in Charlotte and Indian Trail. 50% offered Absolute. Suggested Opening Bids begin at $25,000. Homes valued from $80,000 to $225,000.
The auction will be held at the Embassy Suites Hotel, 4800 S. Tryon St., Charlotte, at 11:00 A.M. on Saturday, October 18, 2008. For a free color brochure on the October 18th Real Estate Auction with terms of sale and inspection dates for all properties you can call Jason Dolph with Chartwell Auctions at 704-831-8983.