kansas-city-auction-company

GONE! ABSOLUTE REAL ESTATE AUCTION

Sells To The Highest Bidder Regardless Of Price!


100% Leased – Blue Springs 5-Plex

Current income $2060/month; Features: one bedroom apartment with new carpet, living and dining rooms, full bath, kitchen, 2 car gar. & 4 attached studio apartments. A Great Income Opportunity!

LIVE ON-SITE AUCTION
Began: 08/28/10 at 12:00 PM CDT
Location: 1208 SW South Avenue, Blue Springs, MO 64015
INSPECTION
Began: 08/15/10 at 2:00 PM CDT
Ended: 08/15/10 at 4:00 PM CDT
Location: 1208 SW South Avenue, Blue Springs, MO 64015

INSPECTION
Began: 08/22/10 at 2:00 PM CDT
Ended: 08/22/10 at 4:00 PM CDT
Location: 1208 SW South Avenue, Blue Springs, MO 64015


Home

New Carpet

Kitchen: 8×20; Tappan Gas stove, oak cabinetry, washer & electric dryer hook up

Living Room: bay window, carpet

Dining Room: 12×14; knotty pine accents, double window,

Master Bedroom: 12×12, carpet, large closet

Full Bath: 5×8; marble top vanity, shower/tub combo, linen closet

Oversized 2-Car Garage: 19×25: new Clopay steel garage door

Full Walk-Out Basement: HVAC & water heater access

 

Attached 4 Plex

Studio Apt 1: 15×20; carpet

small kitchen area: apt size Kenmore gas stove & refrigerator

¾ Bath: enclosed shower, month to month lease

Studio Apt 2: 13×18; carpet

small kitchen area: newer apt size Kenmore gas stove & refrigerator

¾ Bath: enclosed shower, walk-In closet, month to month lease

Studio Apt 3: 12×17; carpet

small kitchen area: apt size gas stove & refrigerator

¾ Bath: enclosed shower, month to month lease

Studio Apt 4: 13×18; carpet

small kitchen area: apt size Magic Chef gas stove & refrigerator

¾ Bath: enclosed shower, month to month lease

 

Features

100% Leased

Current Income $2060/month

Expenses $940/month (approx.)

Easy Access to 7 & 40 Highways

Blue Springs School District

Large Lot with Mature Trees

Newer Lennox central air (2005)

Newer Lennox central air (2006)

Newer furnace (2008)

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

 

DOWN PAYMENT:

The successful bidder(s) shall be required to make a 10% down payment of the total purchase price at the auction site immediately following the close of bidding.  Cash, cashier’s check or personal or business check will be accepted for the down payment

 

FINANCING:

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

 

CONTRACT SIGNING:

The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise. 

 

CLOSING:

Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).

 

EVIDENCE OF TITLE

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES & ASSESSMENTS:

2010 taxes are to be prorated as of the closing date.

 

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

 

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

 

BUYER’S PREMIUM:

A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

 

BROKER PARTICIPATION:

A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

 

DISCLAIMERS AND ABSENCE OF WARRANTIES

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.  Property available for and subject to sale prior to auction.

 

STOCK PHOTOGRAPHY

Advertising may contain pictures of wildlife and other items that are for illustrative purposes only.

I-70 to 7 Hwy, south to Walnut, west to 15th St., south to SW South Ave., then east to address.

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AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!