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Real Estate{"message":"In _app.tsx child of Layout","renderCount":1}
Multi family Rental Real Estate Auction (4 units)
Lot Closed
Auction by Carolina Auction & Realty, Inc.(472)
This item is in Raleigh, NC
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TermsOverview of Multi family Rental Real Estate Auction (4 units)
Item Details
Will sell at 150,000 or any bid above that!
Multifamily Rental 4 Units
3,480 Sq Ft. on 1.39 Acres
Baseboard heating & Window AC
3 units are rented at this time.
Positive net cash flow $15,000. per year
Current tenants have been there long term & are on a month to month lease.
Two units have Den, Kitchen,
1 Bedroom & Full Bath
Two units have Den, Kitchen, 2 Bedrooms & Full Bath
Outside all Brick.
There is well/septic Hotwater heaters and Washers/Dryers for whole building.
Note: Septic lines where replaced 3 years ago & casting for well was replaced at same time.
Tax Value $244,849.
Well sell much lower than Tax Value!
Open House June 18, 22 2-4PM & June 26 4-6PM.
Payment
A $5,000.00 deposit will be required by check or wire day after auction, if doing wire there is a $25.00 fee added on. Balance due within 30 days upon delivery of deed.
CheckWire Transfer
Auction Details
4 Unit Multi family Rental Real Estate Auction2715 Campbell Road, Raleigh, NC, 27606Tuesday, May 24, 2016 | 3:00 PM CDT
At the request of the auction company, this auction permits bids to be placed by the auctioneer,
and employee of the auctioneer, or the seller or an agent on the seller’s behalf.
While Proxibid’s Unified User Agreement prohibits this behavior, in accordance with UCC 2-328,
this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
This auction company has requested and been granted access to see all bids placed including any maximum pre-bids.
This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
Auction House
Terms Of Sale
This auction is pending owners confirmation. The high bidder will be notified following the sale if their bid is accepted.
1.Real estate property located at 2715 Campbell Road Raleigh, NC is being offered for sale AS IS WHERE IS, subject to all property lines, zoning restrictions, streets or roads, right-of-way, easements, accesses, ingresses and egresses to and from subject property as recorded in the county tax office, register of deeds and/or surveyors maps, and hereby being said property as described in seller’s deed.
2. Seller WILL NOT be required to make any changes, deletions, and/or additions to add to or take away from the value of the property.
3.A contract will be emailed following the auction to the winning bidder. The contract must be sign & returned via fax or email by 5PM EST time the day after the auction. A $5,000.00 deposit will be required by check or wire day after auction, if doing wire there is a $25.00 fee added on. Balance due within 30 days upon delivery of deed.
4. In the event you are the highest bidder and your bid is accepted, it is your responsibility to know if you can or cannot obtain a loan if a loan is necessary. If you fail to complete the purchase of the property, you then FORFEIT the down payment. There are no contingencies. Buyer is guaranteed clear and marketable title or the TOTAL down payment shall be refunded.
5.Property taxes & rents for 2016 shall be prorated to the day of closing.
6. A buyer’s premium of ten percent (10%) shall be added to the successful bidder’s high bid and included in the total purchase price to be paid by the successful bidder.
7.Extended Bidding: This online only auction has an extended bidding feature. The closing time of a lot is automatically extended 2 minutes whenever a bid is placed in the last 2 minutes of the lot's closing time. The bidding for the lot will close when a period of 2 minutes has expired without an additional bid.
8. All tenant lessees and deposits will be turned over at closing
9.Special term that will also be part of the contract: If you plan on evicting current tenants you must give notice within 30 days after closing and tenants will have 60 after notice is sent out to vacate the premises.
10.Any additional terms or conditions of sale, added by Auctioneer, shall be announced prior to auction and will take precedence over previously written material.