SVN®/Motleys Team to Coordinate Sale of 15 Townhomes near Dahlgren Naval Base, Virginia
Bidding starts at $25,000 for each two-story townhome unit, $170,000 ± potential yearly rental income for entire portfolio
King George, Virginia (January 7, 2016)—SVN®/Motleys—a founding member of SVN Auction Services, a national provider of date-specific sales and special asset solutions—is coordinating the sale of 15 townhomes in the Kings Wood Townhome community of King George, Virginia. U.S. Bankruptcy Court has ordered the accelerated sale of these properties, which are available individually or as an entirety.
The online sale begins on Jan. 28 and closes at 3 p.m. on Feb. 4. The bidding, which starts at $25,000, will take place online. A bidding center will also be open at the Holiday Inn Express at 4755 James Madison Parkway in King George for those who wish to bid in-person on sale day starting at 1 p.m.
The townhomes are within a few miles of the Naval Support Facility in Dahlgren. The drive between King George and Washington, D.C., is only approximately an hour.
“These are some nice properties, right across the Potomac River from Maryland,” said Tim Dudley, CAI, AARE, Vice President at SVN/Motleys. “They’re also located close together, which makes for convenient management. Most of the properties are already rented and producing income. It’s a solid opportunity for people seeking townhome investments.”
Built in 1986, these two-story townhomes include two bedrooms, 1.5 bathrooms, with wall-to-wall carpeting upstairs. The downstairs features carpet, wood laminate, and linoleum tile floors. Decks are located in the rear with views of a wooded area.
“The area has plenty of parks, golf and other recreational activities for its residents to enjoy,” Dudley said. “There’s a lot to do in this community, and its proximity to our nation’s capital is certainly a plus. Those factors all contribute to the unique appeal of this investment.”
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties, receiverships and bankruptcies. SVN Auction Services 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 Auction Services is supported by SVN International’s more than 800 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. All SVN offices are independently owned and operated. For more information, visit SVN Auction Services.
Tim Dudley, CAI, AARE, SVN/Motleys 804-822-3131 [email protected]
Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services 321-213-1818 [email protected]