Nashville, TN, November 20th - December 6th, 2001 will be the date of one of the greatest investment opportunities in Metro Nashville history. 68 properties (65 income producing and 3 land parcels) will be offered at auction beginning at 10:00 a.m. at the Nashville Marriott Hotel, 600 Marriott Drive, just off I-40 and Briley Parkway. Buyers will also be able to bid live via the Internet.

This blended portfolio features 4 apartment complexes (46-unit, 28-unit, 11-unit, 6-unit), 3 land parcels including 13.59 acres PUD Development in the White House / I-65 Area, 21 duplexes, 36 Single Family Homes and Condominiums, and a 19-unit Mobile Home Park located in Centerville, TN, 50 minutes west of Nashville. 98 % of these properties have been totally renovated in the last 7 years and enjoy a 97% + occupancy rate over the past 5 years. These properties currently earn $1.2 million in annual income. Investors can register for the sale and reserve seating by contacting Tranzon/Durnil Auctioneers at 1-866-243-8243.

The properties will be offered Individually or in Combination and the sale will be completed in one day. All properties will be scheduled for inspection beginning Thursday Nov. 29th thru Sunday, Dec. 6th. In addition each property will be offered with an available New Home Warranty, from 2-10 Home Warranties with the sellers paying ½ of the premium for this one-year warranty. According to Ed Durnil, President of Tranzon / Durnil, it is very unusual for rental properties to be offered with this type of warranty and shows the confidence of the sellers as to the quality and condition of the properties being offered.

Prior to the sale an Auction Buyer's Seminar will be conducted on Thursday, November 29th from 4:00 to 7:00 pm at the Marriott Hotel-Airport. During this seminar you can meet the Auctioneers, Banks with Financing Packages will be available, learn about the Warranties offered on the properties, and ask your questions about the sale and the properties. Free Hors d'oeuvres will be served.

The properties have been under the continuous management of Mid-State Brokerage, Nashville TN and Ed Linder, Operations Manager, states; "These are excellent properties. All have been rehabbed for the long-term and should provide investors with a very healthy return over the next 10,15, even twenty years. Especially with the demand for affordable rentals in the Nashville marketplace."

According to the NAHB (National Association of Home Builders) the U.S. is losing approximately a half million affordable rental houses each year. This trend along with the sagging stock market has made Rental Property a very attractive investment alternative. This sale has something for everyone from the large corporate investor looking to enhance their portfolio to the Full-Time Professional to the Part-Time or beginning Real Estate Professional. December 6th should be a date that no serious Real Estate Investor would miss attending one of Nashville's largest auctions of Income Producing Properties.

The Tranzon companies specialize in providing real estate auction services to institutions, trustees and individuals throughout the US. With thirteen offices located across the U.S. Tranzon has a depth of knowledge and regional market expertise that can only be afforded by the regional experience of its companies. Tranzon/Durnil is located in Elizabethtown, KY and serves KY, TN, IN, MO and surrounding states.

For more information, contact:
Ed Durnil, 270.769.0284
or email: edurnil@tranzon.com