Online Only Auction! Attention Investors!! Great Investment Opportunity!!!
Open House will be held for public viewing, May 21 from 3 to 6 p.m.
ONLINE ONLY AUCTION
BIDDING STARTS MAY 31ST @ 8:00 A.M.
AND BEGINS CLOSING ON JUNE 7TH @ 6:00 P.M.
1120 HWY 91 ELIZABETHTON, TN 37643
2 UNIT APARTMENT BLDG
WITH A SEPERATE GARAGE APARTMENT AND A 2 CAR GARAGE
1116 & 1118: HOUSE WITH A DETACHED APARTMENT
ALL ARE IN IMMACULATE CONDITION
DIRECTIONS: From Elizabethton, take Hwy 91 toward Stoney Creek, property will be on the right.
AUCTIONEERS NOTE: 1120 HWY 91: Well-maintained three unit apartment complex to be offered at online auction. Brick duplex, built in 1996, offers two 2 bedroom, 1 bath apartments, each with 957 square feet. Brick construction with an updated metal roof. Additional garage apartment was built in 1998 and offers a 2 bedroom, 1 bath apartment containing 896 square feet. There is also an 896 square feet two car garage comprised within this building. The garage apartment is of vinyl construction, also with an updated metal roof. All three units offer central heating and air conditioning. Total monthly income for all three apartments is $1,800. All units are separately metered for water and electricity with the tenants paying all utilities. This is a prime multi-family investment property, superbly maintained.
1116 & 1118 HWY 91 : Multi-family investment property to be sold at a public online auction. Property consists of a 3 bedroom, 1 bath home plus a 1 bedroom, 1 bath garage apartment unit. Currently, the house offers 1,163 square feet of living space with the apartment comprising 780 square feet. Both properties offer CH&A with the house offering a new heat pump. The house rents for $650 per month and the apartment rents for $400 per month. Creek front property. Excellent rental property. Online bidding period will begin May 31, 2021 and will end June 7, 2021.
TERMS AND CONDITIONS: 10% down at contract signing. Closing to be within 30 days of contract signing. If you do not have a working relationship with our auction company, you will need to provide a $10,000.00 deposit before you will be approved for bidding. See additional terms and conditions at our bidding URL. There will be a 10% buyers premium added to the final bid to determine final contract price. Buyer may obtain a lead based paint inspection, but results are not contingent to closing. Owner is selling as is with no warranties expressed or implied. Open house scheduled for May 21 3 to 6 p.m.
BEST WAY TO BID ONLINE:
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