Lender is liquidating this property as part of a bankruptcy liquidation.

Up for auction is 1155 Joseph E Boone Blvd NW, Atlanta, GA 30314. The property is a large apartment complex that consists of nine 2-story brick buildings with total of 76 apartment units on a 3.3-acre lot. The bedroom mix is predominantly two-bedroom units. One 2-bedroom apartment was used as an leasing office. The property was built in 1962. It has plenty of parking and a bus stop at the entrance.

The property was appraised in August 2007 by a licensed real estate appraiser for $2.8 million ($2,800,000). The property has been vacant for the last few years and has fallen into disrepair. Please review the pictures below, which were taken in March 2013. They reflect that the property will need signficant rehab. Property is being sold as-is, so please do your due diligence. As seller/lender is out of state, they will be unable to answer any additional questions on the property's condition.

The property will be conveyed to the buyer with a free and clear title and title insurance. Seller is NOT charging a buyer's premium.

Buyer to wire $25,000 deposit to escrow account of Commonwealth Land Title Insurance Company within 3 business days of auction's close. The deposit will be applied towards the balance due and will be non-refundable. Closing to occur within 30 days of auction's close. Buyer will pay closing costs and title insurance, but Bid4Assets' fees, taxes, outstanding water bills, bankruptcy court fees, etc. will be settled out of the proceeds of the sale and buyer will receive a clean title.