144-Unit Apartment Complex in the Greensboro – Winston-Salem Region Scheduled for Foreclosure Auction
National Commercial Auctioneers, LLC, a national auction company specializing in the sale of commercial real estate at auction, is marketing the foreclosure auction of a 144-unit apartment complex located in Lexington, NC, an established area near the Winston-Salem and Greensboro markets. The property is known as The Reserve at Regents Center and is located at 100 Regents Center Court, Lexington, NC.
“This property was built in 2003 with a new phase added in 2006,” comments Stephen Karbelk, CAI, AARE, President of National Commercial Auctioneers, LLC. “With the occupancy rate running in the high 80% range, this is the perfect property for investment companies with the capital to acquire for the long-term a high quality multi-family community.”
The property has all of the features that tenants and owners alike are looking for, including a fitness center, pool, attractive common areas, separate garages for lease, quality appliances, large closets, and more. The property is a mix of 48 One-Bedroom/One-Bath Units, 72 Two-Bedroom/Two-Bath Units, and 24 Three Bedroom/Two Bathroom Units.
“The generous unit sizes are a real plus of this property. They range from 804 to 1,310 square feet,” points out Randy Ligon, Regional Vice President of National Commercial Auctioneers, LLC. “Rents run from $800 to $1,300 a month so the price point is right where you want to be in this marketplace.”
The foreclosure auction will take place on Wednesday, October 28th at 11:00 AM at the Courthouse Door, Davidson County Courthouse, Lexington, NC. To obtain the property information package and to schedule an inspection, please contact National Commercial Auctioneers at 877-895-7077. To register for the auction, a buyer must bring a certified or cashier’s check for $100,000 and be prepared to close on the transaction within 30 days after the conclusion of the bidding period.
For more information about this multi-family foreclosure auction, contact National Commercial Auctioneers, LLC at 877-895-7077 or visit www.natcomauctions.com.
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