AUCTION ID #: 428466 Bookmark and Share
Jacksonville FL **** STEAL 200 TOWNHOMES!! Another Great Deal!
Item 428466  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 11-05-09    07:39 PM ET
Auction Closed: 11-23-09    07:39 PM ET
Asset Details
Seller Information
Seller Name: EquityShareLLC
Rating: Not yet rated
Location: Great Location
Jacksonville, FL    32277
View Seller's other items
 
 
Bid Increment: $25,000
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $3,000,000
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Page Views:
Bidding has Closed
Add to My B4A Watch List | Need Help?
Asset Information Additional Details Your Bid History
Item Specifics
 
Residential Properties  
  Address Great Location
Jacksonville, FL 32277
United States

Asset Description

LET'S GET IT GONE!!
Awesome Deal, 200 TOWNHOMES
$16k A DOOR!!

The Price is Right! Make An Offer!!
We need a CASH buyer for 200 Townhome Units at just $16,000 per door.
Exceptional unit mix boasting an average unit size of over 1,000 sq.ft. and featuring 82% two and three bedroom floor plans.
Receivership sale with opportunity for seller financing or creative acquisition structure.
This property needs rehab in various stages but is well worth it!!

Qualified Buyers Only Please

WOW $3.2M TAKES IT!!

 

 

The opportunity to acquire Grande Oaks Apartments, a value added 200 unit rental townhome community. The Property is currently in receivership and has approximately seventy-five (75) units offline. The Property’s low density two-story buildings are set on a vast 10.49 acre site in Jacksonville, Duval County, Florida. The Property enjoys an infill location in close proximity to Jacksonville University and the Central Business District. The Property is centrally located on the east side of Justina Road, between Fort Caroline Road and Merrill Road, one block east of University Boulevard North in Arlington.

Exceptional unit mix boasting an average unit size of over 1,000 • sq.ft. and featuring 82% two and three bedroom floor plans

Receivership sale with opportunity for seller financing or creative • acquisition structure

Great location within Jacksonville and walking distance to • Jacksonville University

Concrete block construction with all townhome units featuring • ground floor entry

Location

3260 Justina Road

Jacksonville, Florida - Duval County

Total Units

200 Townhomes

1 Bed /1 Bath: 36 units 850 sf

2 Bed /1.5 Bath: 138 units 1,116 sf

3 Bed /2 Bath: 26 units 1,300 sf

Total Rentable Area

218,408 sf (1,092 sf average)

Acres 10.49

Year Built 1964

Occupancy 20%

Amenities

Two (2) Swimming Pools and

Two (2) Laundry Rooms


SERIOUS INQUIRIES ONLY PLEASE

COMPLETE DD PACKAGE AVAILABLE UPON REQUEST
NCND REQUIRED FIRST.



Complete Due Diligence and Document Package Available For Seriously Interested Buyers.
NCND Required First.
 PLEASE, NO TIME WASTERS ON THIS!!

Additional Terms of Service

Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred within 3 business days via wire transfer, money order, cash or bank check only. (special auction, negotiable settlement terms apply)
BUYER PAYS CLOSING COSTS.

FREE AND CLEAR TITLE. NO LIENS OR BACK TAXES OF ANY KIND.
THE BUY IT NOW OPTION OF $3,200,000 IS ONLY VALID UNTIL A BID IS PLACED. ONCE A BID IS PLACED THE UNIT WILL BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE EVEN IF THE PRICE EXCEEDS THE ORIGINAL "BUY IT NOW" PRICE OF $3,200,000.
All information is deemed reliable but not guaranteed. Please feel free to inspect this property anytime prior to auction close. Cash Sale only!
 
 

The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

General Refund Policy
Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.

Thanks for looking, please
 email us with any further questions
Serious inquiries only please.


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • Certified/Cashier's Check
  • Settlement Agent
  • Wire Transfer
  • Money Order
  •