Online Auction: Multi-Family Building 302 Ardale Dr, High Point, NC

HighpointNC

U.S. Treasury Real Estate

Online Bidding Only

Nov. 5, 2020

Auction starts/ends:
10:00 am – 1:00 pm ET

Property Location

302 Ardale Drive, High Point, North Carolina 27260
Map

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.

How to Register
step1
Create an Account

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.

Step2
Register for Auction

(allow 24 hours for approval)

Go to Upcoming Auctions and click on register to bid for each specific auction you wish to bid.

step3
Submit Deposit

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.

Property Description

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).

Living Space: 8,931 ± sq. ft.
Site Area: 4,792 ± sq. ft.
Year Built: 1998
Parcel No: 0214261

Utilities: Electricity, Water, Sewer
Zoning: CU-RM-12/Residential
2018 Guilford County Taxes: $762 ± per unit ($6,858 total)
HOA Fees: $912.75 a month
Sale #: 21-66-812

Inspection

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.

 

Map

This map was derived from Google Maps. CWS doesn’t accept any responsibility for accuracy.

Questions about the sale/property: Email us at realproperty@cwsams.com or call 703 273-7373.

Technical assistance: Contact us at service@cwsmarketing.com with any technical questions about the online bidding process.

It’s the Buyer’s responsibility to understand & comply with the complete Terms & Conditions of the sale.

November 5, 2020
10:00 am – 1:00 pm ET

$20,000 Cashier’s check made payable to CWS Marketing Group, Inc
Download the Bid Deposit Form and mail with your deposit to qualify to bid.

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.

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