Court Appointed Receiver Sale. Eight-unit multifamily property located on McPherson Ave. The brick building consists of eight 1-bedroom units, five of which are currently occupied, providing in-place rental income and upside potential through lease-up and rent increases. The property is located near public transportation, neighborhood retail, and major employment corridors, supporting long-term rental demand.
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated to the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 1pm ET January 21, 2026