Asset Management & Recovery: Bankruptcy Portfolio – Columbus Ohio Range Priced

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

Bankruptcy Portfolio – Columbus Ohio Range Priced

Gryphon Realty Advisors, Central Ohio's Leader in Asset Management and Recovery, is pleased to announce that they have been retained to list and manage 42 single family homes in the greater Columbus Ohio marketplace from an Arizona bankruptcy case. 

The portfolio can be purchased in its entirety, in smaller blocks or individually.  Prices start as low as $116,000 to $124,000 for an individual asset and the Trustee will consider a range of $5,769,000 to $6,219,000 for the entire portfolio with the higher amount being a full price offer.

Vacant properties are on lockbox and can be viewed any time.  Curb offers on occupied properties are preferred so not to disturb tenants in advance of coming to agreement.

All offers are subject to Bankruptcy Court approval and should be presented with evidence of financial ability.

Click here to view a list of all properties.

Please call Richard Kruse at 614-774-4118 with any questions.  Viewings may be scheduled starting Saturday, September 8, 2007.

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

4 commentsRich Kruse • September 05 2007 03:59PM

Comments

Great listing Rich!! I like the Range Pricing. Good job. Sure would be nice to sell the package at once. How's the cash flow? I know investors, you know investors. Is it worth looking into?
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago
Cash flow is ok.  These are great buy and hold properties.  Some are going to go to consumers just because of the price point.  Bring up your investors.  They will probably like what we can do.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago

You know those BK receivers deal exclusively with OPM so they can and do use the best available!

I could draw some conclusions, but your head might swell.

Well done.

Bill

Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 2 years ago
Good morning. Paradise is exactly like where you are right now... only much, much better. I am from Africa and too poorly know English, please tell me right I wrote the following sentence: "Officially licensed harley davidson neon clocks, wall adornments and decorations for bars, pubs, game rooms and other recreation areas." THX :-), Kalei.
Posted by Kalei 11 months ago

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