Apartment / Complex auction Benson, NC - 406-S-Walton-Dr-Benson-NC-27504, 92840627504 | Hubzu
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406 S Walton Dr
Benson, NC 27504
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Description
Attention buyer, you are bidding on an assignment of contract.
This property is available for purchase only with Cash, Hard Money, or Private Money.
Don't miss your chance at a rare, fractured condo portfolio in Benson, North Carolina, strategically located halfway between the thriving cities of Raleigh and Fayetteville. This investment opportunity offers ownership of 14 out of 15 well-maintained apartment units, providing immediate majority control and significant upside potential.

Currently, 13 of the 14 units are occupied, ensuring strong cash flow from day one. Several units are leased at below-market rents, presenting a clear opportunity for investors to increase revenue by adjusting rents to align with the growing demand in the region. Benson's prime location offers easy access to major interstates, making it a desirable hub for tenants seeking affordability and connectivity between two of eastern North Carolina's economic powerhouses.

The property is well-positioned to capitalize on the area's growth, with Raleigh's booming tech and research sectors and Fayetteville's strong military and industrial presence driving demand. The apartments are in excellent condition, appealing to a diverse tenant base, from professionals to families. With majority ownership, investors can streamline management, implement strategic upgrades, and optimize leasing strategies to maximize returns.

This fractured condo is a unique chance to acquire a stable, income-generating asset with immediate value-add potential. Don't miss this opportunity to secure a high-performing property in a growing market. Act now to unlock the full potential of this Benson gem!
Sheriff's Appraised Value
This is an estimate of the property's value as determined in accordance with Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.17. Ohio state law does not require an appraisal by a licensed or certified appraiser and interior inspections are not normally performed. Bidders should not rely on this stated value in deciding whether and how much to bid.
Sale Deposit
The amount and timing of the Sale Deposit is prescribed by Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.211. Failure to timely submit the Sale Deposit may result in invalidation of the sale.
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Property Details for 406 S Walton Dr
550 Views
Property ID: 92840627504
Lot Size:
Building Size: 1,009 Sq. Ft.
Year Built: 1986
Renovated:
County: Johnston
Occupancy: 93%
Property Type: Commercial
Sub Type: Apartment / Complex
Property Information

Property sold in "as is" condition. Seller must approve all terms.

Local Info
 Property Taxes
 Price History
 Demographics
DATE
EVENT
PRICE
Not Available
Property Fees
Transaction Fee: Greater of 4.0% of bid amount, or $5,000 (Buyer Pays at Closing).
Buyer's Agent Commission: Not offered
All bids must be submitted through Hubzu.com. Bids sent via email and fax will not be considered.
Disclaimers
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Buying with Hubzu
With more than 2.5 million registered users, Hubzu is among the nation's largest online real estate auction marketing sites.
What is an assignment contract in real estate?
An assignment contract is a legal agreement that allows one party (the assignor) to transfer their rights and obligations under an existing contract to another party (the assignee) before closing.
How does the assignment process work on Hubzu?
  • A wholesaler lists a wholesale property on Hubzu.
  • You find one that you are interested in and you place a bid.
  • If your bid is selected, you sign an assignment contract and review the original purchase agreement.
  • You proceed to closing under the original contract terms.
How does bidding work for wholesale properties on Hubzu?
Wholesale properties are listed on Hubzu, where you can place a bid like any other auction property. However, sellers can accept an offer at any time and end the auction early.
Are there any hidden fees?

No hidden fees. You'll only pay:

  • Your final bid amount.
  • The buyer's premium charged by Hubzu.
  • Standard closing costs like title and escrow fees, just like any other real estate transaction.
What documents will I receive before closing?

You'll receive:

  • The assignment contract (which transfers the wholesaler's contract to you).
  • The original purchase agreement (so you can review all terms).
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