Arizona Commercial And Investment Real Estate – Finding HUD Multifamily Housing
HUD is more than single family homes . . . if it was FHA financed and foreclosed, it will be made available for sale via HUD’s streamlined, automated and information-rich systems.
And that means multifamily housing — even large apartment buildings.
If you visit the HUD website each Wednesday, you’ll be updated with a list of HUD Multifamily properties available for bidding.
Each property has a link to an Info and Bid Kit (Here’s an example of an offering) with property info, instructions and the location of the auction.
Registration with HUD’s Active Partners Performance System is required.
Registration to use HUD’s APPS and Secure Systems is a multi-step process. You will need to follow the Instructions for registering for both “Secure Systems” and APPS on the Active Partners Performance System (APPS) web site in order to login to APPS through Secure Systems.
You can see a list of recent sales here, nationally searchable.
Check out a couple of recent sales in AZ, and the deals these principals got on units:
- VISTA VIEW APARTMENTS — 75 units
- 2002 EAST FORT LOWELL RD. , TUCSON, AZ 85719
- Purchaser: FT. LOWELL VIEW, LLC, 002 N. CAMPBELL AVE, STE. 200
- Sale Date: 05/02/2011
- Sale Price $25,000.00
- CAMPAIGE PLACE — 300 units
- 209 W. JACKSON, PHOENIX, AZ 85003
- (purchaser not disclosed)
- Sale Date: 08/01/2011
- Sale Price $2,455,000
If you want to be placed on HUD's mailing list for available properties of this kind, you can sign up here. GREAT opportunities for those wanting to invest in Arizona commercial and investment real estate. MORE GREAT opportunities for those wanting to invest in Bullhead City, Fort Mohave and Mohave Valley commercial and investment real estate. Here's what's available . . .
