24 Unit Apartment Complex, Raleigh, NC

FORECLOSURE SALE CANCELLED!  The Seller has satisfied their debt with the Lender.  We apologize for any inconvenience.
  •   Jul 12 @ 1:00PM EDT (Start)
  •   Jul 12 @ 1:00PM EDT (End)
  •   Add to Calendar



24 Unit Apartment Complex

Wynwood Place Apartments, 709-801 Vardaman Road, Raleigh, NC   27601


Seller has satisfied their debt with the Lender

ASSET DESCRIPTION:  Property consists of (4) 2 story buildings on a 1.532+/- acre lot.  Each building contains (6) 750+/- sq. ft. units.  The property is approximately 75% occupied with averages rents of $600.00/per month.  In Building 717, Units 101 & 201 have been damaged by fire and are in need of repair.  In Building 713, Unit 103 & 201 are vacant and in need of repair.  In Building 717,  Unit 203 is vacant and in need of repair. Unit 205 in Building 801 has served as a management office and is vacant.  Please click the “Documents” tab for additional information. 

INSPECTION:  Please contact Auctioneer for instructions.

TERMS:  Immediately following the foreclosure auction, the successful high bidder will submit the greater of 5% or $750.00 to the Substitute Trustee, balance within 30 days.  Foreclosure sale will not be final until the expiration of the North Carolina 10 day upset bid period.

IMPORTANT AUCTIONEER’S NOTE:  The property will be sold “AS IS, WHERE IS”.  Neither the Substitute Trustee nor the holder of the debt secured by the Deed of Trust, nor their respective officers, directors, attorneys, employess, agents or authorized represenatives, make any representation or warranty relating to the title or any physical, environmental, health or safety conditions existing in, on, at or relating to the property, and any and all responsibilities or liabilities arising out of or in any way relating to any such conditions expressly are disclaimed.

Auction is in conjunction with a foreclosure and all sales are subject to the deed of trust pursuant to which foreclosure is being conducted and North Carolina law applicable to foreclosures, including but not limited to the upset bid procedure provided under North Carolina law.  Any potential bidders should retain counsel for a fuller understanding of these limitations and neither the seller nor its agents represent the buyer and cannot provide legal advice.

BUYER’S PREMIUM: There is NO buyer’s premium for this auction.

SALE MANAGER: For more information, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com.

Bullseye Auction & Appraisal, LLC, 500 Pike Park Drive, Suite F, Lawrenceville, GA   30046 GAL# 2643 GAL# 3575 & GAREFL# 66940 – NCAL# 8346

SELLING IN CONJUNCTION WITH:  Hilda W. Allen Real Estate, Inc., 212 Old Quitman Annex Road, Adel, GA   31620, Phone: 888-324-5020 Fax: 229-896-1180.  NC RE Broker #193434, NC RE Firm #C14312, NCAL #7856 & NCFL #7852.