Multifamily on auction.com
I got this in my inbox yesterday, a 95-unit, 4 property mutifamily up for auction in my area. Starting bid is $1M.
http://www.auction.com/Tennessee/commercial-auctio...
I'm just curious about how a property would end up on the auction block, and if by the time that happens it's still potentially a good deal or if no serious investor would consider it, and that's how it ended up there.
Not looking to buy it, just learning. Thanks.