SOLD! Commercial Investment Real Estate

Monday April 14 @ 6:00 pm 2604-2608 Lower Huntington Rd.

 MONDAY APRIL 14, 2014 @ 6:00 PM

Commercial Investment Real Estate Auction

– 2 Storefront Retail Areas and 2 Updated Apartments

– Additional Retail / Apartment Potential

~ ~ ~ Positive Cash Flow! ~ ~ ~

Huge Income Potential!

Call for inspection!

LIVE ON-SITE AUCTION
Began: 04/14/14 at 6:00 PM EDT
Location: 2604-2608 Lower Huntington Rd., Fort Wayne, IN 46809
INSPECTION
Began: 03/24/14 at 4:00 PM EDT
Ended: 03/24/14 at 6:00 PM EDT
Location: 2604-2608 Lower Huntington Rd., Fort Wayne, IN 46809


COMMERCIAL INVESTMENT REAL ESTATE AUCTION

 

Auction held on-location

Monday, April 14 – 6:00 p.m.

2604-2608 Lower Huntington Road

Fort Wayne, IN 46809

 

Call for Inspection!

 

 

 – 2 Storefront Retail Areas and 2 Updated Apartments

– Additional Retail / Apartment Potential

– Off-Street Parking

 

~ ~ ~ Current Positive Cash Flow! ~ ~ ~

Currently 60%+ occupied

Huge Income Potential! 

  

 

PROPERTY DETAILS:

– Roof on entire building was coated and re-sealed in September of 2013 by WPC ($4,825.)

– Off-street parking in rear. 

Unit #1- 2400 sq. ft. retail area storefront. Half bath. Front and Rear entrances. High Efficiency furnace and central air in 1999. Currently Leased to Dance Ltd.

Unit #2- 920 sq. ft. retail area storefront. Half bath. Front and Rear entrances. High Efficiency furnace and central air in 2000.

Unit #3- 1040 sq. ft. upper 2 bedroom apartment w/full bath, utility area. New paint and carpet in 2013. Kitchen, furnace, windows and central air in 2000.

Unit #4- 950 sq. ft. upper 2 bedroom apartment w/full bath, utility area. New paint and carpet in 2007. New kitchen, furnace & central air in 2000.

Unit #5- 920 sq. ft. upper business space w/half bath, office area.

Unit #6- Upper storage room currently used as landlord storage. Could be future storage rental income.

 

Click Here to View Property Record Card

 

Terms of Sale

 

-DOWN PAYMENT: Buyer(s) will pay 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

-CURRENT LEASES: Buyer will assume and honor all current leases. Current leases will be posted day of auction.

-ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auctions site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

-TITLE/DEED: Seller shall provide an owners title insurance policy in the amount of the purchase price. Seller shall provide a Warranty Deed.

-CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

-POSSESSION: Possession shall be on day of closing, immediately following the closing.

-REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the day of closing.

-ACREAGE: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

-SURVEY: The Seller will not provide a new survey; any survey will be at the expense of the Buyer(s).

-AGENCY: AAA Auction Service, Inc., and its representatives are exclusive agents of the Seller.

-DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either expressed, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.

-ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PUBLISHED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

 

  

Auctioneer: Mike Roy, Agent;  AAA Auction Service, Inc., Lic. #AC3002615

  

Seller:  TNS Realty, LLC.

 

Terms of Sale

 

-DOWN PAYMENT: Buyer(s) will pay 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

-CURRENT LEASES: Buyer will assume and honor all current leases. Current leases will be posted day of auction.

-ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auctions site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

-TITLE/DEED: Seller shall provide an owners title insurance policy in the amount of the purchase price. Seller shall provide a Warranty Deed.

-CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

-POSSESSION: Possession shall be on day of closing, immediately following the closing.

-REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the day of closing.

-ACREAGE: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

-SURVEY: The Seller will not provide a new survey; any survey will be at the expense of the Buyer(s).

-AGENCY: AAA Auction Service, Inc., and its representatives are exclusive agents of the Seller.

-DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either expressed, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.

-ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PUBLISHED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

 

  

Auctioneer: Mike Roy, Agent;  AAA Auction Service, Inc., Lic. #AC3002615

  

Seller:  TNS Realty, LLC.

One Block west of Bluffton Rd. on Lower Huntington-Downtown Waynedale

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AAA Auction Service, Inc.

http://www.AAAAuctionService.com

2110 McConnell Drive New Haven, IN 46774

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