Income Producing Rental Property - Cascade Ave McMinnville, | Live and Online Auctions on HiBid.com

Join us Saturday, May 25th 2024 at 10:00 a.m. as we offer 3 INCOME PRODUCING PROPERTIES AT AUCTION! 247, 534 and 557 Cascade Ave McMinnville, TN. 247 Cascade Ave (duplex) includes 249 & rents for $650 and $900 per month. 534 Cascade Ave (triplex) includes 536 & 538 and rents for $1,950 ($650 each unit) and 557 Cascade Ave (duplex) includes 559 & rents for $1,300 per month ($650 each unit). These are all brick structures with all city utilities. All units feature 2 bedrooms and 1 full bath. Tenants are currently on a month to month rental. All units feature new roofs and central heat/air. AUCTION TERMS: $15,000 Non-refundable down payment each building day of auction or within 3 calendar days if bidding online. Balance at closing on or before 30 days of auction date. Real estate taxes will be pro-rated. Possession with closing and payment of purchase price. Sale of property is not contingent on financing, appraisal or inspections. Property is sold as is, where is with no representations or warranties expressed or implied. Buyer will receive clear title free of any liens or encumbrances. Auctioneer reserves the right to accept or refuse any bid. Placing a bid online or live on site constitutes buyer's / bidder's acceptance of these terms and conditions. All homes built prior to 1978 may contain lead based paint. Any inspections for lead based paint to be completed at least 10 days prior to auction. No buyer's premium, what you bid is what you pay!