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SPORTSMAN MOTEL REAL ESTATE AUCTION, LINCOLN, MT Lot #1 (Sale Order 1 of 1) General Motel Description:
9 units, each room measures 20’ x 20’
Each room has its own wood fireplace and gas wall heater.
Water source: Private well; City sewer
Brick structure; metal roofing
Utililties: Average $1500 per month, includes motel and managers quarters usage
Motel occupancy for the last 5 years has ranged from 48% to 55%.
Financial records will be provided to serious and qualified prospective buyers.
Lot size: 28,482 square feet
Many updates and improvements since 2004.
Manager’s Quarters:
2 bedrooms and 2 full baths.
Efficiency apartment on the upper level was new in 2001.
Water: water well Septic: City sewer system
Attached 2 car garage,
Exterior walls: Brick and masonite
TERMS & CONDITIONS: Cash to seller at closing.
EARNEST MONEY: Earnest money, in the amount of $10,000, in the form of cash or check, due and payable immediately following the auction. Earnest money is non-refundable. Successful internet bidder must wire the earnest money to auction company’s trust account within 24 hours.
CONTINGENCIES: This property sells without contingencies.
Prospective buyers must have financial arrangements made prior to bidding.
TITLE INSURANCE: Sellers to provide the Buyer with Title Insurance.
TAXES: $3,962.61 per year, prorated to the date of closing
CLOSING FEE: Sellers and Buyers will share equally the closing agent
closing fee, not to exceed $150 per party.
CLOSING: On or before July 11th, 2009
AGENCY: The Auctioneers are working solely as the agents for the Sellers.
POSSESSION AT CLOSING
SELLERS RESERVE THE RIGHT TO APPROVE OF THE FINAL BID.
VIEWING: By appointment with the Auctioneers, Jayson Shobe @ 406-538-5125 or Kyle Shobe, 406-366-0472
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