Daniel J. Flynn & Co/ Flynn Auctions sold two properties recently in third party foreclosure sales totaling over $1 million.The separate auctions took place in Somerville and Danvers.
Auctioneer, Paul Talkowski accepted a final bid of $490,000 for a 4-unit residential home in Somerville. Approximately 40 people were in attendance with 16 registered bidders. The property is located at 1298 Broadway near the campus of Tufts University. The building is a 4-unit, 4,512 s/f building with 15 total rooms, 6 bedrooms and 4 full baths located on a 4,390 s/f corner lot.
CEO/auctioneer Dan Flynn auctioned off a two-story office building located 74 Elm St.in Danvers for a high bid of $400,000. The property consists of a 3,841 s/f building on a 12,000 s/f lot.
Both foreclosure sales reflect Flynn & Company's leading track record for successful third party sales at auction.
"We're pleased that we can provide excellent service to our client but we also love to see real estate investors score great deals" said Flynn, "It's a win-win situation all around."
Daniel J. Flynn & Co. is New England's independent leader in third party real estate sales at auction. For upcoming auction investment opportunities subscribe to Flynn's Auction Alert at www.FlynnAuctions.com