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DIRECT REO REO COMMERCIAL APARTMENT PROPERTIES FOR SALE

Category: REO Packages

Commercial/Retail/Industrial/Mixed Use 11/17/09

REO # Location Description List Price

SC-388

West 9th St.  Vancouver, WA 98660

Subject is a 2-story apartment and retail mixed use project. The property was built in 1910 totaling 7,537 sf of land area. There are 9 single room occupancy (SRO) units which share 3 common restrooms averaging 300 sf each, and 9 1bd/1ba units averaging 450 sf each. The ground floor is comprised of retail stores and one office totaling 6,900 sf of rentable area. Total rentable area is 13,650 sf. On-site parking for 16 cars provided in a 7,500 sf subterranean garage.   $800,000  REDUCED
SC-402

Houghton St. Worcester, MA 01604

Subject is an existing three-story, 6-unit apartment building and one ground level commercial unit, totaling 5,500 sf. Built in 1920 on a 3,800 sf site. Unit mix includes 1 studio and 5 3bd/1ba units   $390,000
SC-411

E. Lake Mead Bl. Las Vegas, NV 89115

4.70 acre vacant land; formerly a mobile home park. $899,000

SC-414

East/132-134 Pontiac St. Warwick, RI 02886

Mixed use property, 6 apartment units and 1 retail unit. Total rentable area 7,512 sf on a 14,279 sf lot. Unit mix includes 2 2bd/1ba average 936 sf, 4 3bd/1ba average 1,065 sf.  $600,000

SC-415

N. Saguaro Blvd.  Fountain Hills, AZ 85268

9-unit office condo project totaling 14,203 sf, constructed in 2007. Units may be sold individually or bulk sale. $1,400,000

SC-447

Rockwell Ave and 172 Glen St. New Britain, CT 06051

2 adjacent buildings. 172 Glen 6-unit, 3-story apt; 4 2bd/1ba and 2 3bd/1 ba units. 34-44 Rockwell, 4-story building, ground floor 5 units retail; plus 15 apts; 12 3bd/1ba and 3 4bd/1ba units.  $1,100,000

SC-466

S. Broad St. Rome, GA  30161

Mixed use retail/multi-family. One-story grocery store built in 1936, 7,560 sf located on .51 acres. 31-unit apartment built in 1960; 15 1bd/1ba, 14 2bd/1ba and 2 3bd/1ba units, 28,612 sf on .51 acres. $675,000

Multi-Family Residences

SC-367

E. Wilshire Blvd. Oklahoma City, OK 73120

144-unit apartment consists of twenty 2-story buildings constructed in 1971. Gross building area is 108,712 sf situated on 10.66 acres. Unit mix includes 28 1-bedrooms, 80 2-bedrooms and 36 3-bedroom units. $750,000   REDUCED
SC-382

Main Street, Worcester, MA 01610

Subject is a 3-story over walk-out basement apartment building containing 16 units. Unit mix includes 2 studios, 6 1bed/1ba and 8 2bed/1ba with a gross building area of 9,204 sf located on 7,521 sf of land. Subject was built in 1920.  $422,000

SC-389

Martin Luther King Jr.  Blvd. Atlanta, GA 30310

1981 & 1983 MLK – 40 units within seven 2-story buildings, total 27,497 sf. Buildings constructed in 1965 on two adjacent parcels totaling 1.12 acres. Unit mix includes 38 2bd/1ba units and 2 1bd/1ba units. 2167 MLK – 28 units within 2 detached 2-story buildings, constructed in 1956 with total 19,320 sf. All units are 2bd/1bath.  $860,000  REDUCED

SC-390

E. 9th St. Kansas City, MO 64124

Subject is a 2-story plus basement, masonry apartment building containing 44 units. There are 29 studios, 14 1bd and 1 2bd unit. The building contains 24,461 sf of gross building area and 12,268 sf of gross living area. The site contains 19,200 sf. Subject was built in 1929 and is currently vacant.  $265,000

SC-393

Ann Ave. Dallas, TX 75223

36-unit apartment building, five two-story buildings constructed in 1971. Unit mix includes 12 1bd/1ba and 24 2bd/2ba units. Building area is 24,816 sf located on a 1.01 acre site. $450,000

SC-394

N. Wilson Way Stockton, CA 95205

29-unit apartment, six one and two-story buildings. Unit mix includes 6 studio/1ba, 17 1bd/1ba, 5 2bd/1ba and 1 2bd/2ba units. Subject was built in 1957 and contains gross building area of 13,353 sf on a .98 acre site. $799,000  REDUCED


SC-398

22nd Ave South St. Petersburg, FL 33712

20-unit apartment building constructed in 1958-1959 located on a 25,400 sf lot. Unit mix includes 13 efficiency units, and 7 1bd/1ba units. Total gross building area is 8,500 sf. $495,000

SC-399

N. ‘I’ St. & 124 W. Cameron Ave. Tulare, CA 93274

7-unit apartment constructed in 1965. Total building area is 3,500 sf located on a 20,000 sf site. All units are 1bd/1ba. $269,500

SC-400

E. Santa Fe Ave.

Merced, CA 95340

52-unit apartment building consisting of 41 1bd/1ba and 11 2bd/1ba

units. Total rentable area is 31,105 sf. Built in 1965, subject is

located on a 1.70 acre site.

$1,900,000

REDUCED

SC-404 Wabash Ave. Dayton,

OH 45405

12-unit apartment building comprised of two identical two-story

masonry buildings. Subject was built in 1948 with 8 2bd/1ba and 4

1bd/1ba units. Total living area is 9,984 sf on a 15,315 sf lot.

Property is vacant.

$60,000

SC-408 Worcester Place

Holyoke, MA 01040

3-story, 9-unit apartment built in 1900s. Gross living area is 11,760;

all 2bd/1ba units, located on 9,000 sf site. Property is vacant.

$90,000

SC-409 Rockland St.

Roxbury/Boston, MA

02119

6-unit walk-up apartment building constructed in 1900. Unit mix

includes 2 3bd/1ba and 4 2bd/1ba units for total living area of 5,868

sf. Property is 100% occupied.

$550,000

SC-412 School Street

Milford, MA 01757

5-unit, 3-story apartment building. Property contains 5 1bd/1ba units

with gross building area of 3,740 sf.

$250,000

SC-413 Laurel Hill Ave.

Norwich, CT 06360

5-unit apartment building of wood frame and brick, constructed in

1900. Building area is 5,552. Unit mix includes 3 2bd/1ba, 1

3bd/1ba and 1 1bd/1ba.

$269,900

SC-417 Oak Ave. Bath,

ME 04530

7-unit apartment building, 4-story walk-up built in 1870s. Unit mix

is 2 2bd/1ba and 5 1bd/1ba units, total gross building area 6,636.

$180,000

SC-418 Rapid Run and 4404 &

4410 W 8th St.

Cincinnati, OH 45238

2 non-contiguous apartment buildings. 4609 Rapid Run is 15-unit,

2-story building built in 1900 with gross building area of 11,558 sf

located .55 acres. 4404 and 4410 W. 8th Street is an 18-unit, 2-story

apartment built in 1955 with gross building area of 15,300 sf,

located on .33 acres. Both buildings are vacant.

$525,000

SC-419 Parker St. Gardner,

MA 01440

11-unit apartment building, constructed in 1920, located on a 12,197

sf lot. Unit mix includes 7 2bd/1ba, 3 3bd/1ba and 1 1bd/1ba unit.

Gross bldg area is 9,073 sf.

$295,000

SC-424 N. 33rd Ave.

Phoenix, AZ 85051

Property consists of 4 two-story apartment buildings constructed in

1980. The 80 total units include a mix of 41 small studios, 26 large

studios and 12 one-bedroom units. Total gross building area is

39,755 sf located on 1.82 acres.

$2,465,000

SC-425 Main St.

Johnson City, NY 13790

Multi-family building has 10 units (8 1bd, 2 3bd) gross building area

is 7,335 sf.

$172,000

SC-426 50th St.

Lubbock, TX 79412

51-unit apartment complex, built in 1952. 24 1bd/1ba and 27

2bd/1ba units, total 38,485 sf on a 1.64 acre site.

$875,000

SC-427 Portland Ave.

Rochester, NY 14621

8-unit masonry apartment building, constructed in 1950. Unit mix is

7 1bd/1ba and 1 2bd/1ba units. Gross building area is 4,624 sf on a

3,624 sf site. Property is vacant at this time.

$69,000

SC-428 S. 28th Ave.

Phoenix, AZ 85009

10-unit apartment complex, 5 single story buildings. Gross building

area is 5,916 sf with 9 2bd/1ba and 1 3bd/1ba units. Property is

vacant at this time.

$250,000

SC-429

Maple St./114 Paradis Ave Woonsocket, RI 02895

12-unit apartments in 2 separate buildings. Gross building area ias 11,858 sf located on 10,877 sf site. Unit mix includes 11 2bd/1ba and 1 3bd/1ba unit. $330,000

SC-430

Cedar Springs Dallas, TX 75219

Converted multi-family with 14 remaining condo units (of 20). Originally built in 1958 and renovated in 2007. Average unit size 850 sf.  $950,000
SC-431

McCord Ave. Bakersfield, CA 93434

10 units in 5 separate buildings (3 bungalows, triplex, quadplex) and 5 carports. Unit mix includes 3 2bd/1ba and 7 1bd/1ba units for total building area of 5,391 sf. The structures were built in 1952 located on 42,777 sf. $355,000

SC-432 E 6th Ave. Aurora,  CO 80010

12 unit apartment built in 1972. Unit mix is 1 studio and 11 1bd/1ba units, total rentable area 6,749 sf on a 12,284 sf lot.  $515,000 UNDER CONTRACT

SC-433

Pacific St. Bakersfield, CA 93305

24-unit apartment complex, consisting of 18 buildings. Total building area is 12,170 sf on 31,960 sf site. There are 23 1bd/1ba and 1 2bd/1ba units. $680,000

SC-435

Clark Street Hartford, CT 06120

6-unit apartment consisting of 1 1bd/1ba, 1 3bd/1ba and 4 2bd/1ba units. Total building area is 5,643 on a .13 acre site. $85,000

SC-437

Quincy Street Brooklyn, NY 1122

6-unit complex, 3-story brick exterior. All units 2bd/1ba for total gross area of 5,250 sf, located on a 2,500 sf lot. Built in 1931. $598,000 UNDER CONTRACT
SC-440A

Virginia Ave. Hapeville, GA 30354

14-unit apartment, two 2-story buildings totaling 9,102 sf on 21,450 sf lot. All units are 1bd/1ba with average 627 sf size. $499,000

SC-440B

W. Lyle Ave. College Park, GA 30337

15-unit apartment, two 2-story buildings totaling 10,240 sf on 38,630 sf lot. There are 14 1bd/1ba and 1 2bd/2ba units. $625,000

SC-441

Park Terrace, College Park, GA 30337

12-unit apartment, two 2-story buildings totaling 11,100 sf located on 32,900 sf lot. All units are 2bd/1.5 ba with avg unit size of 925 sf. $250,000

SC-444

Byers Ave. Ft. Worth, TX 76107

20-unit apartment complex constructed in 1956. Total rentable area 9,600 sf including 16 1bd/1ba and 4 2bd/1ba units. Lot size 18,750 sf.  $525,000

SC-445

N. Broadway St. McAllen, TX 78501

26-unit apartment, 4 2-story buildings totaling 18,180 net rentable sf. Lot size 27,286 sf. Unit mix 10 2bd/1ba, 12 1bd/1ba and 4 efficiency units. $800,000

SC-450

Norwood Ave Cincinnati, OH 45212

12-unit, 2-story walk up built in 1915. Unit mix includes 12 1bd/1ba. Total gross building area is 11,322 sf on .31 acre lot. $280,000
SC-452

Stanton Rd. Atlanta, GA 30344

88-unit apartment built in 1972, located on 4.61 acres. All are 2bd/1ba averaging 900 sf. Total living area is 79,200 sf.  $792,000  REDUCED

SC-453

Northern Ave. Cincinnati, OH 45229

24-unit, 3-story apartment building constructed in 2927, renovated in 2002. Unit mix includes 18 2bd/1ba and 6 3bd/1ba units for total living area of 18,210 sf, located on .43 acres of land. $326,000

SC-455

Emporia St. Aurora, CO 80010

6 unit apartment constructed in 1944 containing 20,996 sf. Unit mix includes 1 1bd/1ba with 528 sf, 4 2bd/1ba with 749 sf and 1 5bd/2- 1/2 ba with 2,073 sf. $260,000

SC-456

Barron Ave. Memphis, TN 38114

190-unit apartment project built 1964-1967. Site area is 10.85 acres.  Unit mix 64 1bd/1ba and 126 2bd/1ba units. $1,300,000

SC-457

Watkins St. Memphis, TN 38127

214-unit apartment project built in 1965. The site area is 9.93 acres. Unit mix 16 1bd/1ba, 182 2bd/1ba and 16 3bd/1ba units. $1,550,000
SC-458

Barnes St. Pawtuckett, RI 02860

6-unit apartment built in 1920. Units include 3 2bd/1ba and 3 3bd/1ba total 4,497 sf. $159,900

SC-460

W. Temperance St. Ellettsville, IN 47429

12-unit, 3-story building constructed in 1968. Unit mix includes 2 1bd/1ba and 10 2bd/1ba units for total living area of 8,800 sf, located on .56 acres. $349,000

SC-461

Graham Ave. Florence, AL 35630

Property is a 60-unit apartment, 10 2-story building constructed in 1952. Unit mix includes 32 2bd/1ba and 28 3bd/1ba units for total living area of 44,481 sf, located on 164,563 sf of land.  Property is vacant. $710,000

SC-462

Westminster St. Detroit, MI 48202

Property is a 6-unit, 3-story walkup apartment building with a full storage basement. The property was constructed in 1935 and contains all 2bd/2ba units. Gross building area is 9,192 sf on a 11,500 sf site.  $249,900

SC-463

E. Lake Blvd.  Robinsville, MS

8-unit residential property contained in 2 buildings, constructed in 2002. Total 10,192 sf located on 2.1 acres $565,000
SC-468

White Hall St. Cohoes, NY 12047

13-unit apartment, 2 3-story buildings. 4 2bds, 8 1bds, 1 efficiency.  Net rentable area 11,790 sf on 10,890 sf site. Built in 1900. $350,000

SC-469

Cotton Court Stockton, CA 95207

11-unit apartment built in 1965. Gross building area is 9,150 sf, containing 2 1bd/1ba, 8 2bd/1ba and 1 3d/1ba units. $600,000 UNDER CONTRACT

SC-471

Sunrise Ave. Las Vegas,  NV 89101

20-unit apartment; all 1bd/1ba. Gross rentable 10,400 sf located on 17,920 sf lot. Built in 1957 $829,000

Nationwide Mixed - Nov 23 - Carve Out

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