Lender Owned Auction - 152 Units in 9 Buildings

Stone Crossing Apartments, 3639 Woodley Road

Montgomery (Montgomery County), Alabama 36116

ONSITE AUCTION: Tuesday, November 24th, 2009 at 11 AM

OR BID ONLINE AT OUR WEBSITE

INSPECTION: Friday, November 20th, 2009 at 10 AM- 2 PM or By Appointment

Built ca. 1973 and zoned R-65-m, the garden-style apartment asset includes 9 two-story buildings, a single level leasing office with laundry facility, kitchenette and restrooms, and a swimming pool, picnic area, playground, and 285+- parking spaces. Montgomery County indicates that parcel number 15-02-03-02-011-051.000 consists of 9.8 acres.

# Type SF

64 1 BR/ 1 BA 780

72 2 BR/ 1 BA 960

16 3 BR/1.5 BA 1,350

152 Total 140,640 SF

3639 Woodley Road, Montgomery (Montgomery County), Alabama 36116

DIRECTIONS TO SITE: From I-85, exit 6 south on Eastern Blvd 3.2 miles, becomes West Blvd, continue 1.4 miles, left on Woodley Road, go 1.3 miles to Stone Crossing on left. From I-65, exit east onto US 82 West Blvd, go 4 miles, right onto Woodley.

For additional property information, auction terms, and contract form, visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565

Questions? Contact Jeb Howell, 770-841-9924, at jeb@auctionEbid.com

Auction Management Corporation

Julian E Howell, AAL #1682

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA 30339

770-980-9565

www.auctionEbid.com

See website at:

http://www.auctionebid.com/auction_detail.php?id=122844