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Re: [realestate-1842] Two apartment buildings available at half price

From: Tim B.
Sent on: Monday, April 5, 2010 7:49 PM
Hi Gary,
 
What's the address, and or do you have any pictures of it at least?  Maybe a way to go inside and take a look as well?  Thanks!  Tim.

--- On Mon, 4/5/10, Gary <[address removed]> wrote:

From: Gary <[address removed]>
Subject: [realestate-1842] Two apartment buildings available at half price
To: [address removed]
Date: Monday, April 5, 2010, 7:11 PM

One located in Indianapolis

Defaulted Commercial Apartment Note available for sale on a 22 Unit 
Complex. The AS IS Value is $250,000 with an after repaired value of $450,000. Property needs about $150,000 in repair: painting, appliances, carpet along with a new roof. I am direct to the bank which is currently accepting offers at 50% of current market value. 
Balance on the note is $364,000 so you could pick this up for roughly 33% of the unpaid balance and roughly around 20% of After Repaired Value. I have Bank;s most recent BPO done in Dec 09. Contact me for more details or to submit an offer.

 One located in South Bend
!6 Unit Apartment in South Bend Was purchased in 2007 for $600,000.  Start your bid at $125,000, less than 50% of Fair Market Value. 
Contact me for more details or to submit an offer.




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