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IRVINE, CA-Auction.com is seeing great success in auctioning multifamily properties from its site. The online real estate marketplace sold 12 multifamily properties totaling 1,716 units during a three-day auction in April and has sold 5,700 units for more than $125 million so far in 2013.

The properties from the three-day event ranged in size from two to 496 units and are located in California, North Carolina, South Carolina, Georgia, Tennessee and Kentucky. They sold for a total purchase price of just under $43 million.

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