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GONE! Multi-Family Absolute Auction

Updated Duplexes – ALL SOLD PRIOR TO AUCTION!


Four fully leased duplex buildings originally available! All units are 3BR/3BA with open plan, vaulted ceiling, great room, dining, walk-out basement & 2-car garage. Newer int/ext paint &  carpet. Sells regardless of price! 

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 05/07/15 at 1:00 PM CDT
Location: 14900 Kelly Drive, Smithville, MO 64089

Four fully leased duplex buildings originally available! One remains. All units are 3BR/3BA with open plan, vaulted ceiling, great room, dining, walk-out basement & 2-car garage. Newer int/ext paint &  carpet. Sells regardless of price! 

 

SAMPLE UNIT DESCRIPTION (*See “Building Descriptions” for rent and upgrade details by unit)

MAIN LEVEL

Living Room/Dining Area: (25×14) Carpeted, ceiling fan, wood burning fireplace with tile surround and handsome wood mantle/hearth, tall 6ft window and door to deck.

Kitchen: (12×8) Vinyl tile, electric range/oven, refrigerator, dishwasher

Hall Full Bath: Laminate tile, single vanity, shower/tub combination

Master Bedroom: (14×14) Carpeted, ceiling fan, walk-in closet, one window

Master Bath: Single vanity, shower only

Bedroom 2: (14×10) Carpeted, ceiling fan, window on one wall

Deck: (10×8)

 

LOWER LEVEL

Bedroom 3: (20×14) Carpeted, walk out basement

Full Bath: Vinyl tile, single vanity, shower only

Utility Room: (10×8) Washer/dryer hook ups, electric hot water heater, furnace

Garage: (25×20) Two car garage w/two openers, 2 remotes and one keypad

 

ADDITIONAL FEATURES:

Recent updates to all units (see list)

Close to lake & golf

Great immediate income potential

One-year home warranty!

No reserves!

 

AUCTIONEER’S NOTE:

This is a fantastic opportunity to purchase quality, fully-leased duplex buildings at YOUR price! Our seller is offering all four buildings without reserve at absolute auction. Buy one or more! See you at 1:00 on May 7th!

 

BUILDING DESCRIPTIONS (*See “Sample Unit Description” for plan details)

 

Building 1 STILL AVAILABLE
A: 14900 Kelly Dr. — Rented for $950/mo through 3/31/16. UPDATES: 2012-furnace/air, hardware, fixtures. 2013-carpet. 2014-roof, gutters.
B: 14902 Kelly Dr. — Rented for $950/mo through 4/30/16. UPDATES: 2014-roof, gutters.

 

Building 2 SOLD PRIOR TO AUCTION
A: 14904 Kelly Dr. — Rented for $950/mo through 3/31/16. UPDATES: 2012-total remodel including furnace/air, carpet, tile, fixtures, hardware, vanities. 2014-roof, gutters.
B: 14906 Kelly Dr. — Rented for $1000/mo through 4/30/16. UPDATES: 2014-roof, gutters. 2015-carpet, paint, fixtures, hardware.

 

Building 3 SOLD PRIOR TO AUCTION
A: 14908 Kelly Dr. — Rented for $975/mo through 4/30/16. UPDATES: 2013-carpet. 2014-roof, gutters, washer, dryer.
B: 14910 Kelly Dr. — Rented for $1000/mo through 3/31/16. UPDATES: 2014-roof, gutters. 2015-carpet, paint, fixtures, hardware.

 

Building 4 SOLD PRIOR TO AUCTION
A: 15119 Kelly Dr. — Rented for $950/mo through 4/30/16. UPDATES: 2014-roof, gutters.
B: 15121 Kelly Dr. — Rented for $900/mo through 4/30/16. UPDATES: 2014-furnace/air, roof, gutters

 

FAST FACTS  

Architecture:  Duplex Building (1 still available)

Plan:  Split Entry

Exterior:  Wood siding

Year built:  1999

Living area per county:  2260 sq. ft. (1130 per unit)

Bedrooms:  6 (3 per unit)

Baths:  6 (3 per unit)

Kitchens: Electric range/oven, dishwasher, refrigerator  

Flooring:  Carpet, laminate tile

Heating:  Electric

Cooling:  Central electric

Hot water heaters:  Electric

Roof:  Composition

Water source:  City

Sewer source:  City

School District:  Smithville

Warranty:  One year

Auction reserve:  None

Bidding:  Onsite Only

 

3-EASY WAYS TO BUY!

 

1. BUY IT NOW

     Can’t wait for the auction? Call for details about buying a property in advance of the auction.

2. BID LIVE ONLINE

     Advance registration required.

3. BID LIVE ONSITE

     Attend the auction in person on auction day.

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Onsite bidder registration will begin one hour before the auction. All bidders must provide a valid driver’s license and current address.  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% non-refundable down payment of the total purchase price immediately following the close of bidding.   Cash, cashier’s check or personal/business check will be accepted from onsite bidders.  Bank wire will also be accepted from online bidders.

 

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 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), if applicable.

 

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:

2015 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.

 

US-169 to S. Commercial Ave., east then north to Kelly Dr.. Watch for signs.

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14900-02 Kelly Drive

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14910 Kelly Drive

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