Multi-Family building in High Point, NC
Multi-Family building with 9 units and rental income. 6 units are 2-level with 2 bedrooms and 2.1 baths each. 3 units are 1-level with 2 bedrooms and 2 baths each.
New bidders ONLY
Go to Login and sign up for an account with your contact and credit card details. We validate your credit card with a temporary charge of US $1.
(allow 24 hours for approval)
Go to Upcoming Auctions and click on register to bid for each specific auction you wish to bid.
Bid Deposit: $20,000
Complete the Bid Deposit Form with bid deposit of $20,000 in the form of a cashier’s check payable to CWS Marketing Group. Deposit is due by November 4, 2020 at 5PM ET.
MULTI-FAMILY BUILDING 9-Unit apartment building with shared parking. The first floor has 3 single level units – each 929 ± sq. ft. unit has 2 bedrooms, 2 baths, kitchen, living room, dining room, laundry, and covered patio with storage. The top two floors have 6 two-level units with stairwell access – each 1,024 ± sq. ft. unit has 2 bedrooms, 2.1 baths, kitchen, living room, dining room, laundry, and storage. Note: The complex includes a total of 8 buildings with shared parking and common areas, but this auction is only for one building. Eight apartments are currently leased and the building will be sold with tenants in place with a rental income of $4,810 a month. Residential Rental Contract. Inspection by appointment only. Visitors must follow COVID-19 guidelines. Per the stated Terms of Sale, this property is sold AS IS WHERE IS WITH ALL FAULTS including any building violations for the property as a whole that may apply (including but not limited to fines and penalties).
October 26 and November 2 by appointment only.
Attendees are responsible to provide and wear their own Personal Protection Equipment (PPE). PPE will not be provided.
Note: Inspection is limited to the vacant unit 1C.
November 5, 2020
10:00 am – 1:00 pm ET
Starting bid will be $90,000.
Closing will be held within 45 calendar days of the date the Government signs the sales contract.
CWSAMS has made every reasonable effort to facilitate online bidding. However, it is possible that technical problems and transmission issues may arise and affect the CWSAMS website, bidding system and/or computer or server or your computer, personal device or software which is beyond the control of CWSAMS. By bidding online Bidder acknowledges that CWSAMS is not responsible for technical problems or transmission issues associated with a bid and that, in the event technical problems interfere with or prevent a bid, it may be necessary to withdraw items from bidding due to technical errors or uncontrollable circumstances. Further, in the event of the occurrence of a technical problem during any bid in any auction, CWSAMS in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction and/or re-list the property for auction at another date and time. The decision of CWSAMS on this matter shall be final. Bidder acknowledges that, by bidding in any auction held by CWSAMS, Bidder accepts the terms and conditions of this Disclaimer.