The new owner of 5th and Main will try to Auction 25 of the remaining empty condos in this development on November 5th. Minimum bids start at $95,000 for the smallest one bedroom units and will go as high as $290,000 for the largest three bedroom units. These units were originally priced at $180,000 – [...] Read more »
5th & Main Condo Sales Re-Start In April
This story is a follow-up to an article written about the foreclosure sale of 5th & Main Condos in East Nashville. They were recently auctioned for $11.2 million and purchased by ACG Equities. The property, located in East Nashville, is just across the river from downtown. The development sold 9 condos and rented out sixty percent of the other units since [...] Read more »
Nashville’s 5th & Main Condo Foreclosure Sale Brings $11.2 million
The Tennessean is reporting that the 5th & Main Condos in East Nashville were auctioned at foreclosure sale for $11.2 million on Friday morning. The auction was conducted by a local attorney for the two banks who held the mortgage for this mixed development. The new owner, who was the only bidder, stated, “We have [...] Read more »
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