kansas-city-auction-company

GONE! ABSOLUTE Estate Auction – 4-PLEX

Excellent 4-Plex Sells Regardless of Price!


Instant income! Three 2BR units + one 3BR unit. All units have garages, spacious basements and appliances. Great location with stable tenants makes for excellent ROI. Sells to highest bidder regardless of price. NO MINIMUM BID!

LIVE ON-SITE AUCTION
Began: 09/24/10 at 12:00 PM CDT
Location: 108, 110, 112, 114 N. Crest Drive, Raymore, MO 64083
INSPECTION
Began: 09/12/10 at 2:00 PM CDT
Ended: 09/12/10 at 4:00 PM CDT
Location: 108, 110, 112, 114 N. Crest Drive, Raymore, MO 64083

INSPECTION
Began: 09/19/10 at 2:00 PM CDT
Ended: 09/19/10 at 4:00 PM CDT
Location: 108, 110, 112, 114 N. Crest Drive, Raymore, MO 64083


SAMPLE UNIT DETAILS (114 Crest – 2BR)

Main Level

Living Room: 14×17; vaulted ceiling with fan, wood burning fireplace, carpet

Kitchen Dining room Combo: 10×17; Roper 18 cu ft refrigerator, Whirlpool electric stove, Braun hood, stainless sink with disposal, bay window, carpet & vinyl

Hall Bathroom: 5×7: single vanity, small wall cabinet

1-Car Garage: 12×21

 

2nd Floor

Master Bedroom: 12×14; vaulted ceiling, Jack & Jill bathroom access

Bedroom 2: 12×14; vaulted ceiling, Jack & Jill bathroom access

Jack & Jill Full Bathroom: 5×7 water closet, shower/tub combo, individual vanity areas 4×5

 

Basement

Unfinished 17×32; washer & electric dryer hook up, HVAC & water heater access, sump pump

 

FEATURES & NOTES

  • Three 2BR units rent for $625/month (Unit 114 available)
  • One 3BR unit rents for $685/month
  • Residents pay utilities
  • Ray-Pec School System
  • Tours of all units available during published open house times
  • MLS# ________________

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 5% 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.

US-71, E on SR-58 (3.5 miles), N on Crest Dr. to 4-plex on left OR SR-291, W on SR-58, N on Crest Dr. to 4-plex on left.

Click on any image to view larger.

Click on any image to view larger.

Your auction should be printing now. If not, please click here.

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!