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GONE! Absolute Investment Property Auction

Revenue Generating Rental Property– Sells Regardless of Price!


Nice 2BR, 1 Bath Marlborough Hill Bungalow.  Hardwoods, metal siding.  Newer  roof, central AC, hot water heater.  Great income potential. No Minimum Bid!

LIVE ON-SITE AUCTION
Began: 09/09/11 at 10:00 AM CDT
Location: 8032 Euclid Avenue, Kansas City, MO 64132
INSPECTION
Began: 08/28/11 at 2:00 PM CDT
Ended: 08/28/11 at 4:00 PM CDT
Location: 8032 Euclid Avenue, Kansas City, MO 64132

INSPECTION
Began: 09/04/11 at 2:00 PM CDT
Ended: 09/04/11 at 4:00 PM CDT
Location: 8032 Euclid Avenue, Kansas City, MO 64132


Main Level

Family Room: 16×16; carpet

Bedroom 1: 11×13; walk-in closet, ceiling fan, carpet

Kitchen: 9×20; vinyl flooring, basement access, patio access, stove

Bath: Shower over tub, single vanity, vinyl flooring

Office/Storage Room: 7×9; ceiling fan, carpet

Bedroom 2: 9×12; walk-in closet, ceiling fan, carpet

Full Basement

Laundry hookups, newer 40 gallon water heater, newer central ac and forced-air gas furnace

 

Features

Metal Siding

Hardwoods under carpet

2 yr old roof, central AC, furnace and water heater

1-year home warranty included!

Sells regardless of price!

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:

2011 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. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

 

Video: Investment Property Auction

71 Highway to 75th Street, West to Paseo, South to East 80th Street, East to Euclid Avenue, South 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!