BANKRUPTCY SALE - LoopNet
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INFORMATION MEMORANDUM BANKRUPTCY SALE 15 Residential Condominium Units Available Foxfire Village, North Carolina
Transcript of BANKRUPTCY SALE - LoopNet
INFORMATION MEMORANDUM
BANKRUPTCY SALE15 Residential Condominium Units Available
Foxfire Village, North Carolina
OFFERING OVERVIEW
OFFERING OVERVIEW: • Great Neck Realty Co. has been retained to exclusively market for sale a
portfolio of 15 condominium units located on Foxkroft Drive, Foxfire Village, North Carolina. The condominium units are approximately 1,000 sq. ft. and consist of 2-beds, 2-baths. The units are fully furnished and situated along a scenic wooded locale with golf course views.
OFFERING HIGHLIGHTS: • Incredible opportunity for investors• Located in the Village of Foxfire, along the private Foxfire Golf Course• Easily accessible via I-74, US-1 & US-501• Within minutes to the historic Pinehurst Resort
• US Open returns in 2024• USGA to move testing center, museum, and second HQ to
Pinehurst
PROPERTY DESCRIPTION
PROPERTY OVERVIEW
OVERVIEW DESCRIPTION: Address: Foxkroft Drive, Jackson Springs,
Foxfire Village, North Carolina
County: Moore
Type: 15 Residential Condominium Units
Unit Size: Approximately 1,000 Sq. Ft. per unit
# of Units: 15, 2-bed, 2-bath units
Parking: Ample parking (not assigned)
Taxes: 2019: $759/annually
Water: Billed through Village of Foxfire; separate water meter per unit
Heating/Cooling: Central
UNIT OVERVIEW
Portfolio Description# of Units: 15 total – 8 first floor and 7 second (top) floor units
Size: Approximately 1,000 sq. ft. per unit
# of Beds / # of Baths: 2 / 2
Parking: Ample parking, no reserved spaces
Units Available: 203, 206, 207, 208, 209, 210, 211, 218*, 219, 221, 226, 232, 233, 235*, 236* (*units require repair)
Interior Description: • Units being sold fully furnished• Furnishings typically include couch, end tables, lamps and other
décor, bedroom furniture, dining room sets, chairs, flat screen TV’s, etc.
• Units are painted with flooring that may include carpet, tile, and linoleum.
• Each bedroom has separate bathroom and vanity area
Exterior Description: • Buildings are 2-stories and consist of 4 units per building• Each unit has deck / outdoor living space overlooking golf course
Location Description: • Located along Gene Hamm designed championship golf course in the heart of the Foxfire Village
• Foxfire Village pool adjacent to site
HOA: HOA pays for the master insurance policy, security, lighting, parking lot maintenance, roof & building exterior, landscaping, septic as well as weekly trash pick up & cable.
PROPERTY PHOTOGRAPHS
PROPERTY PHOTOGRAPHS
PROPERTY PHOTOGRAPHS
PROPERTY PHOTOGRAPHS
PROPERTY MAPS & LOCATION OVERVIEW
AERIAL MAP
LOCATION OVERVIEW
LOCATION: The Property is located in the scenicand beautiful southwestern area ofMoore County, in Foxfire Village,North Carolina.
ACCESS: Primary highway access to the areais via I-74 and SR-1004 (HoffmanRoad), as was US-1 & US-15/501.
MARKET HIGHLIGHTS
FOXFIRE MARKET OVERVIEW
This 15-unit condominium portfolio is located within closeproximity to the historic Pinehurst Resort, the “Home ofAmerican Golf.”
The U.S. Golf Association recently announced that it will bemoving its testing center for various golf equipment from NewJersey to Moore County and pledged to host the U.S. Open atPinehurst resort in 2024, 2029, 2035, 2041, and 2047.
In addition, USGA is establishing a new second headquarters,which will include the construction of a museum and visitorcenters, and offices for the USGA’s Foundation and GreenSection.
The USGA’s impact will extend well beyond Pinehurst and MooreCounty to the entire state with their promise to bring a additionalevents and venues throughout North Carolina.
This is a transformative opportunity that will have a directpositive impact on surrounding communities, including Foxfire.
Click the image below to read USGA’s Press Release
DISCLAIMER & CONTACT
DISCLAIMERConfidentiality & Conditions
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMEDRELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, AREMADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN ANDSUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, AND/ORWITHDRAWAL WITHOUT NOTICE.
FOXFIRE CONSOLIDATED OWNERS ASSOCIATION, INC., CASE NO. 20-02784-5-DMW,U.S. BANKRUPTCY COURT FOR EASTERN DISTRICT OF N.C.
ALL TRANSACTIONS ARE SUBJECT TO BANKRUPTCY COURT APPROVAL.
CONTACT US
Please contact us with any questions:
Great Neck Realty CompanyRobert TramantanoOffice: (984) 528-3619Mobile: (516) 902-9568Email: [email protected]
