TRANZON AUCTION
FORECLOSED APARTMENT COMPLEX - 237 Units in Jacksonville, Florida
AUCTION JUNE 26th 11:00am - Awesome Investor Opportunity
Nia Terrace - 2045 Jammes Road Jacksonville, FL
will sell
Property Preview:
November 12, 10AM – 2PM
Auction to be held on-site!
INFORMATION
Description: 
Nia Terrace is a 237 unit apartment complex in Jacksonville set to be auctioned on November 20, 2009 with a disclosed minimum bid of $1.6 million. The property is conveniently located on Jammes Road enjoying easy access to I-295 and I-10 and is just west of the beautiful St. Johns River. Nia Terrace is comprised of 21 buildings and is only moments from Jacksonville Naval Air Station (23,000 jobs), which is undergoing a massive $360 million project, Cecil Commerce Center, set to become Jacksonville’s industrial hub, and Downtown Jacksonville, which employs over 70,000 people. This apartment community is a mixture of 1, 2 & 3 bedroom units and is constructed of concrete block with dimensional shingles over wood frame plus recent roof replacements and exterior painting. To maximize value, the property will require continued renovations till all units are in rentable condition.
For more information please contact Steve Williams at (352) 369-1047.
PHOTOS
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DOCUMENTS

Start Here by Completing the Confidentiality Agreement

Property Information Package

Phase 1 Environmental Report

April Management Report

September Management Report

Directions:
From I-295, exit east on Wilson Blvd/SR208, go to Ln Ave S/SR103, turn left and go to San Juan Ave/SR128 and turn right. Go to Jammes Rd, turn right. Property is on left. Alt route from I-10 is to exit south onto Ln Ave S/SR103 and go to San Juan Ave/SR128, turning left and go to Jammes Road.

Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only. Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Walter J. Driggers III, CAI, AARE, Lic. Real Estate Broker FL Lic. #AU707 & #AB1237
10% Buyer’s Premium
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