428 North Main, Commercial Real Estate Auction Twin Falls
Online Only Auction
428 North Main, Commercial Real Estate Auction Twin Falls

Idaho Auction Barn

1838 Eldridge Ave
Twin Falls, ID 83301
 

Date(s) 1/16/2025 - 1/23/2025

Closes January 23rd, 2025 6:00pm MST

Bidding opens in
6d 22h 35m
Online-Only Auction
Shipping Not Available
Register to Bid
Catalog
View Catalog (3 Lots)
Bidding Notice:

(((3% BUYERS PREMIUM ON REAL ESTATE))) All offers made before auction ends will be presented to the seller. If seller accepts any offer before auction ends, the auction will be suspended.

Auction Notice:

The high bidder will need to sign the purchase and sale agreement electronically immediately following the auction, and the $5,000.00 earnest money must be received by 10:00am the day following the auction

Auction Information
Name 428 North Main, Commercial Real Estate Auction Twin Falls
Auctioneer
Idaho Auction Barn
Type Online-Only Auction
Date(s) 1/16/2025 - 1/23/2025
Auction Date/Time Info
Closes January 23rd, 2025 6:00pm MST
Preview Date/Time Call 208-280-1380 for showings
Checkout Date/Time The high bidder will need to sign the purchase and sale agreement electronically immediately following the auction, and the $5,000.00 earnest money must be received by 10:00am the day following the auction
Location
1838 Eldridge Ave
Twin Falls, ID 83301
Buyer Premium Buyer's Premium on Real Estate
Description
Selling at Auction – $180,000 Starting Bid, No Reserve! This 14-unit apartment complex is a rare opportunity for investors and contractors to transform a partially renovated property into a high-income asset. The property includes a fully finished, detached one-bedroom unit currently occupied by the owner and ready to rent, a second detached unit with the potential to be converted into a one-bedroom, and a two-story main building prepared for 12 units. The proposed layout for the main building features two two-bedroom units and ten one-bedroom units. Renovations have already been started, with the interior partially demolished and asbestos mitigation completed, giving you a head start on the project. Zoned C-B, the property allows for additional flexibility in its potential uses. Building plans are available to guide your vision, but buyers are advised to verify all information, including zoning and potential uses, as the property is being offered as-is.
Auction Terms & Conditions Bidding Notice: TERMS OF THE SALE: Please read ALL of our terms & conditions before bidding. Our general terms of sale apply except as modified below. There is a 3% buyer's premium on the real estate. Triple A Realty is offering this real estate at auction online with no reserve. The high bidder will need to sign the purchase and sale agreement electronically immediately following the auction, and the $5,000.00 earnest money must be received by 10:00am the day following the auction unless other arrangements are made prior to the auction close.The sale is to close within 30 days for cash. Seller requires any pre-auction offers to be made before 12 hours of auction close. If seller accepts any pre-auction offer before the auction ends, the auction will be suspended. Buyer will pay all closing fees. The property taxes will be prorated at closing. Property is sold as-is, where-is; inspection and due diligence are the responsibility of the buyer. INSPECTIONS THAT A BUYER MAY WANT MUST BE DONE AT THE BUYER'S EXPENSE PRIOR TO THE END OF THE AUCTION; THERE ARE NO INSPECTION CONTINGENCIES. THE ACCEPTANCE OF HIGH BID BY THE AUCTIONEER AND SELLER CONSTITUTES A LEGAL AND BINDING CONTRACT BETWEEN THE BUYER AND SELLER AND ACCEPTANCE BY ALL PARTIES OF THE TERMS AND CONDITIONS OF SALE UNDER IDAHO STATE LAW. To qualify for a commission, agents must register his or her client/customer with us prior to the client/customer themselves registering to the auction. Contacts: Joe Hutchins, Listing Broker 208-280-1380 Tamara Hutchins, Listing Agent 208-420-7908
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 19.00 1.00 USD
19.01 - 97.50 2.50 USD
97.51 - 495.00 5.00 USD
495.01 - 990.00 10.00 USD
990.01 - 1,475.00 25.00 USD
1,475.01 - 4,975.00 50.00 USD
4,975.01 - 9,950.00 100.00 USD
9,950.01 - 14,900.00 250.00 USD
14,900.01 - 19,750.00 1,000.00 USD
19,750.01 - 99,500.00 1,000.00 USD
99,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium Buyer's Premium on Real Estate
Payment Terms
The high bidder will meet with Joe Hutchins, Listing Agent, at the office of Triple A Realty, 1838 Eldridge Ave., Twin Falls, Idaho at 10:00 AM the day following auction unless other arrangements are made prior to the auction close.
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