SVN/Motleys conducting sale of 61 city-owned properties in Richmond on Feb. 21
Sale comprises 39 single-family homes, 12 residential lots, 4 townhomes, 2 multifamily buildings, 2 duplexes and 2 commercial lots
Richmond, VA – SVN/Motleys, a founding partner of SVN Accelerated Sales – in conjunction with the City of Richmond – will conduct the sale of 61 city-owned, tax-delinquent properties. The sale comprises 39 single-family homes, 12 residential lots, 4 townhomes, 2 multifamily buildings, 2 duplexes and 2 commercial lots.
The sale begins at 4 p.m. Wednesday, Feb. 21, at the offices of SVN/Motleys at 3600 Deepwater Terminal Road in Richmond. Online registration is currently underway at motleys.com and svnmotleys.com.
One property singled out by Tim Dudley, CAI, AARE, senior advisor for SVN/Motleys, is a 36-unit apartment building at 2110 Redd St. in the Brauers area of Richmond. The 23,706-square-foot, 2-story building, which was built in 1964, has a 2018 tax assessment of $720,000. It was the site of the former Cedar Crest Apartments.
“This property is an exceptional income-generating opportunity that will only get better,” said Dudley, noting that major redevelopment efforts underway 2 miles south in Churchill and Tobacco Row eventually will make their way north to Brauers. “This is an opportune time to invest in the area before it begins its own redevelopment.”
Details on all properties are available and registration to participate in the sale is underway.
About SVN Accelerated Sales
SVN Accelerated Sales is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Accelerated Sales offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Accelerated Sales is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Accelerated Sales to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Accelerate Sales.
Tim Dudley, CAI, AARE, senior advisor, SVN/Motleys / 804-822-3131 firstname.lastname@example.org
Ken Zeszutko, Z-Corp PR / 321-213-1818