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ABSOLUTE REAL ESTATE AUCTION - 2 APARTMENT BLDGS.

auction | 1 day sale | sale is over

Address

The address for this sale in Knoxville, TN 37914 will no longer be shown since it has already ended.

Dates

Fri

Jan 22

12pm

2016

TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. The balance is to be paid in full at the deed closing within 30 days. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. Maryville Title to conduct the closing. Current taxes will be prorated at the date of closing. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption and Lead Paint Disclosure Waiver will be a part of the sales contract. Lead Paint inspection starts January 4, 2016. Information Deemed Reliable, but not Guaranteed. Buyer to Verify all information.

Powell Auction & Realty

Company Website

Company Details

(865) 938-3403

Absolute Real Estate Auction- 2 Apartment Buildings

Friday, January 22, 2016
Time: 12 NOON
131 & 137 Holston Court
Knoxville, TN 37914
Office: Knoxville
Agent: Kenny Phillips

Absolute Real Estate Auction- 2 Apartment Buildings

ABSOLUTE REAL ESTATE AUCTION

Friday, January 22nd at 12 NOON

131 & 137 Holston Court

Knoxville, TN 37914

(2) Brick 5-Unit Apartment Buildings sold separately

Shared Laundry Room

Window Heat and Air Units

Seperate Electric Meters

(4) 2 Bedroom & 1 Bath Units

(1) 3 Bedroom & 1 Bath Units in Basement--- 131 Holston Court is Finished and 137 Holston Court needs to be framed in and finished

Potential Annual Income of $49,020 when fully occupied

131 Holston Court

Approx. 4,611 SF

Lot Size: 78.3 x 295.15 x IRR (0.53 acre)

Total Taxes: $1,780.13

Separate Water Meters

Potential Annual Income of $23,040 when fully occupied

137 Holston Court

Approx. 4,611 SF

Lot Size: 123.3 x 282.15 x IRR (0.55 acre)

Total Taxes: $1,840.68

Shared Water Meter

Potential Annual Income of $25,980 when fully occupied

TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. The balance is to be paid in full at the deed closing within 30 days. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. Maryville Title to conduct the closing. Current taxes will be prorated at the date of closing. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption and Lead Paint Disclosure Waiver will be a part of the sales contract. Lead Paint inspection starts January 4, 2016. Information Deemed Reliable, but not Guaranteed. Buyer to Verify all information.

DIRECTIONS: I-40 to the Asheville Highway Exit (Exit 394). Head West on Asheville Highway. Bear Left onto Holston Drive at Habaneros Restaurant to Right onto Holston Court. Properties will be on the Right.