Receivership Auction of MCRE Real Estate Assets - Morganton NC

ONLINE ONLY

December 10th - December 17th Starts Closing at 2PM

PROPERTY DESCRIPTION

Income producing commercial and residential properties - many with current tenants and leases in place. Some residential and commercial spaces are vacant and are ready for new leases.

• Duplex located at 404 W. Main Street, Morganton, North Carolina, Tax PIN:1773401969 and more adequately described in Deed Book 2749, Page 1 of the Burke County Registry.

• Single Family Residential Unit located at 417 W Concord Street, Morganton, North Carolina, Tax PIN: 2703142337 and more adequately described in Deed Book 2749, Page 25 of the Burke County Registry.

• Single Family Residential Unit located at 419 1/2 W Concord Street, Morganton, North Carolina, Tax PIN: 2703142248 and more adequately described in Deed Book 2749, Page 39 of the Burke County Registry.

• 6 Unit Commercial Building located at 223 Avery Avenue, Morganton, North Carolina, Tax PIN: 2703286885 and more adequately described in Deed Book 2735, Page 282 of the Burke County Registry.

• 8 Unit Condominium Building together with common areas located at 305 Park Avenue, Drexel, North Carolina; Tax PIN: 2723696829 and more adequately described in Deed Book 2746, Page 26 of the Burke County Registry. All common areas and residential units were recombined into one sole owner on or around 1980. Owners have since transferred interest by single deed since 1988 when all property was recombined in Deed 742, Page 1103 of the Burke County Registry.

INSPECTION

Only vacant units will be shown. Do not disturb current tenants.

Inspection dates will be posted once available.

AUCTION MANAGER

Chris Crawford

919-935-1974

All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property.

NCAL #3936