Online Real Estate Auction - Art Center Apartments - 404 7th Ave. SW, Moultrie, GA
Online Real Estate Auction
Art Center Apartments
404 7th Ave. SW, Moultrie, GA
Bidding Opens July 1st at 8AM
Bidding Begins Closing July 10th at 2PM
Breco Benton Real Estate Auction | 706-342-3355 |
www.brecobenton.com
In Conjunction with Pointe South
Pointe South and Breco Benton Auction are pleased to offer Art Center Apartments located in Moultrie, GA. This 40-unit apartment consists of (8) 1/1's, (24) 2/1's, (8) 2/2's. Tenants appreciate and enjoy the quiet residential neighborhood while still being conveniently located walking distance away from the Downtown Moultrie Shopping and Dining District schools and fine arts.
This is an opportunity for an investor to purchase a property and continue the value-add strategy that is currently being implemented onsite. This asset has recently undergone over $600k of capex; 20 out of 40 units have been worked on, and several units have not been touched at all.
This auction will be an Online Only auction.
Bidding will open on July 1st at 8AM and begin closing on July 10th at 2PM.
All Properties Sold Subject to Sellers Approval.
10% Buyers Premium on all Properties.
10% Down Payment due within 48 hours
Buyer pays closing costs.
Below is a snap shop of the terms for the sale. You can go to the terms and conditions section of this site to view the complete terms.
Auction End Times & Extend All Feature: Our Auctions are timed events with an auto extend feature. The auto extend time typically starts out at either 3 or 5 minutes and may decrease if the auction continues to extend past the scheduled closing time. For example, if the auction is scheduled to begin closing at 2:00 PM and someone places a bid at 1:59, the system will auto extend 3 minutes to allow the previous bidders time to bid again. The auto extend feature remains active until no further bids are received within a 3 minute time frame.
BUYERS FEE: A 10% Buyer Fee will be added to your final bid resulting in the final purchase price. Example: if the final bid on the property is $100,000.00, add the 10% buyers fee of $10,000.00 in this case, for a total purchase price of $110,000.00
ALL PROPERTIES SOLD SUBJECT TO SELLER APPROVAL: Please note that all bids will have to be approved by the seller. Although some may be confirmed that day, others may take additional time to receive approval.
CONTRACTS: Once all lots have closed, our office will begin preparing the Sales Purchase Contract to send to you for your signature. Please allow us 24 hours to get the contract sent to you. Once you receive the contract, we ask that you return it within 48 hours.
DOWN PAYMENT: 10% Down Payment. Deposit Due within 48 hours with the balance due within 30 days.
CLOSING COST: All cost incurred for the closing will be paid by the buyer.
CLOSING AGENT: tbd
SPECIAL NOTES:
- All properties are sold “As Is, Where Is” with no warranties expressed or implied as to current or future use of property.
- Failure of any bidder to inspect or to be fully informed as to the condition of the properties will not constitute grounds for any claim or demand for adjustment or withdrawal of any contract signed by the bidder.
- At the conclusion of bidding, the successful bidder will be emailed a Sale/Purchase contract and will be required to return a signed copy within 48 hours.
- No conditions may be added to the agreement by the buyer.
Please note that you may need to refresh your screen during the last minutes of the auction to ensure the most accurate information.
POSSESSION: Purchaser shall receive possession of the property at the time of closing. There will be no exceptions to this condition
TITLE INSURANCE: Title Exam & Insurance will be the buyer’s expense
TAXES: Taxes will be prorated to the day of closing (if applicable)
TRANSFER TAX: Transfer tax to be paid by the buyer (if applicable)
RENTS/INCOMES: Any Rents or Income will be prorated to the day of closing (if applicable)
Survey: Properties will be sold by the existing plats of record recorded in the county where the property is located. If there is no plat of record or legal description and the property requires a survey, the cost of the survey will be at the buyer’s expense. Please do your own due diligence prior to bidding.
Please Note: Descriptions, Acreage, Aerials & Pictures etc.. may be derived from tax assessors records on file. Please be sure to conduct your own due diligence to verify all information provided. Seller reserves the right to add or delete any properties at anytime prior to the close of the auction.
Agent Disclosure: Members of sellers are licensed agents in the state of Georgia
SERVER SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Breco Benton Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor Breco Benton Auction SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Breco Benton Auction. If property is selling with reserve or subject to owner confirmation, L.W. Benton Company reserves the right to or have the system bid on behalf of the seller up to the reserve amount.
TERMS: 10% of the final bid price as non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the Contract for Sale of Real Estate
Please do you own due diligence before bidding. If you are unsure about what you are bidding on, Do Not Bid!
Breco Benton Real Estate Auction | 706-342-3355 |
www.brecobenton.com
In Conjunction with Pointe South
GA RE 75054 GA AU-C003044 FL AU5285 FL BK 3543788 FL BK 3365093