This is a golden opportunity for buyers to purchase USDA foreclosed multi-family properties at auction and bid their price.
WOODSTOWN, N.J. (PRWEB) May 12, 2019
Warner Realtors & Auction Company has found success in the past with selling U.S. Department of Agriculture (USDA) foreclosed properties throughout New Jersey using online only auctions. They have now been selected by the U.S. Department of Agriculture (USDA) to conduct an online only auction event for two multi-family properties in Pennsylvania. The auction consists of a 34-Unit Senior Apartment Building in Berlin Borough, PA and a 32-Unit Senior Apartment Building in Salisbury Borough, PA. Warner Real Estate & Auction Company will be selling both multi-family senior apartment buildings through an online auction, with starting bids of $100,000, beginning at 8:00am (EDT) on 05/30/2019 and ending at 10:15am (EDT) on 06/05/2019.
Photos, property details and terms of sale can be found on the auction website WarnerRealtors.com.
- Online Only Auction: 34-Unit Senior Apartment Building at 100 Berlin Manor, Berlin Borough, PA.
- Online Only Auction: 32-Unit Senior Apartment Building at 70 Grant St, Salisbury, PA.
According to Rich Warner, president and founder of Warner Real Estate and Auction Company, “This is a golden opportunity for buyers to purchase USDA foreclosed multi-family properties at auction and bid their price. Both properties are currently rent-restricted and subsidized senior apartments. However, the properties will be sold ‘out of program’ so there is an incredible opportunity to create value with market rents. Best of all, the entire auction process will take place online, so it couldn’t be more convenient for buyers.”
Closing will be on or before 30 days from the conclusion of the online auction, at 10:15am (EDT) on 06/05/2019. Properties are being sold in “AS IS” condition with no contingencies. The property inspections are Wednesday, May 29th from 12 noon to 1:00pm. Detailed property information packages, property descriptions, video tours, are available online at WarnerRealtors.com.
Warner Real Estate and Auction Company is a New Jersey and Pennsylvania licensed real estate broker and auctioneer specializing in the sale of commercial, investment, land and residential properties. To learn more about Warner Real Estate and Auction Company, visit: WarnerRealtors.com.