Prime North Carolina Commercial and Residential Properties Set for Final Sale at Charlotte, NC Real Estate Auction

Fourteen Commercial and Residential NC Properties Valued Between $80,000 and $3,000,000 are Available at the October 18, 2008 Real Estate Auction in Charlotte, NC. Four Properties are offered Absolute, Regardless of Price. Suggested Opening Bids Starting at $20,000

Charlotte, NC (PRWEB) September 16, 2008 -- Real estate investors and owner-occupants alike looking for real estate bargains will have their opportunity on Saturday, October 18th in Charlotte, NC. The auction will be conducted by locally operated Chartwell Auctions (http://www.chartwellgroup.com), Gordon Greene Broker and Auctioneer. As many as four parcels will be offered absolute, without reserve, and regardless of price. Suggested opening bids start at $20,000. Rather than sell these assets slowly over a period of months, multiple ownerships have decided on this one-time-only final sale, passing substantial savings to the successful bidder at auction.

Jason Dolph, Manager of the Chartwell Auctions (http://www.chartwellgroup.com) Charlotte office, stated, "This is the real estate auction event buyers have been waiting for. There is a bit of everything available from apartment complexes and industrial buildings, to single-family homes. There is no better place to own than North Carolina." Properties to be included in the October 18th auction are as follows:

•98-Unit Glenwood Point Apartments, Charlotte. Over $600,000 in annual scheduled gross income. Reserve Price $ 1,645,000

•40-Unit Eastover Apartments, Charlotte. Over 90% occupied. Reserve Price: $ 1,185,000

•208,650 SF Manufacturing/ Warehouse Facility, Red Springs, NC. Reserve Price $485,000 or $2.33 / SF

•3 Bedroom Home and Adjoining 3.96 Acre Tract for 15 Homes in Charlotte. Suggested Opening Bid of $20,000 each. Offered individually and combined.

•1147 SF Building 8 blocks from downtown Charlotte ideally situated one block from CPCC Community College. Reserve Price $99,000

•8 single-family homes in Charlotte and Indian Trail. 50% offered Absolute. Suggested Opening Bids begin at $25,000. Homes valued from $80,000 to $225,000.

The auction will be held at the Embassy Suites Hotel, 4800 S. Tryon St., Charlotte, at 11:00 A.M. on Saturday, October 18, 2008. For a free color brochure on the October 18th Real Estate Auction with terms of sale and inspection dates for all properties you can call Jason Dolph with Chartwell Auctions (http://www.chartwellgroup.com) at 704-831-8983.

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