Online Only Auction
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Price Realized:
141,000.00 USD
Shipping Not Available
Date(s)
7/3/2024 - 7/31/2024
AUCTIONEER INFORMATION
Bidding Notice:

Use the MAX BID feature to ensure loss of connectivity does not effect your ability to bid!

Auction Notice:

Agents that are representing a pre-registered winning bidder will receive a 3% commission. Follow the link below to register your buyer. Contact Auctioneer/Realtor Josh Kirby 615-489-3266 for showing instructions and additional information.


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 206 W. Forrest Ave Lebanon, TN 2 Bedroom 1 Bath
Description
206 W. Forrest Ave Lebanon, TN 2 Bedroom 1 Bath Built in 1944, 735+/- SqFt -All information collected from tax record- Home is currently occupied by a tenant who has a valid lease thru September 30th, 2024 and pays $1200 per month. Once non-refundable down payment is collected from winning bidder, tenant contact information will be shared. Winning bidder must honor current lease. Current tenant has been renting the home since Feb 2024 and is current on all payments. Rent will be prorated at closing and $1000 deposit and $1200 last month rent will convey to buyer at closing. Pay special attention to the attachement under the photos of each lot labeled Lebanon TN Residential Infill Overlay. This document outlines the unprecedented opportunities to convert these properties and combinations of these properties to multifamily dwellings.
Name 7 Home Rental Portfolio, Lebanon Tn
Auctioneer
Type Online-Only Auction
Date(s) 7/3/2024 - 7/31/2024
Auction Date/Time Info
Online Only
Preview Date/Time Contact Auctioneer/Realtor Josh Kirby 615-489-3266 for showing instructions and additional information.
Checkout Date/Time $10,000 Non-Refundable downpayment per home due within 48hrs of the close of auction. Winning bidder to execute a purchase and sell agreement at complertion of auction. Please follow link below to review sample purchase and sale agreement so that you are familiar with the document. Feel free to do all due diligence ahead of time, this is a contingent free transaction.
Location
Buyer Premium 10% Buyer's premium-online
Description
**Wealth-Building Real Estate Auction - Your Path to Passive Income Starts Here** Attention real estate investors: A rare opportunity for significant passive income awaits at this online rental and investment property auction that will close on July 31st at 6 PM CST. Whether expanding your existing portfolio or just getting started, this offering represents a strategic investment with immense potential. Each property has the ability to generate consistent monthly rental income for the right visionary buyer. Study the detailed property descriptions thoroughly - they reveal how to optimize these turnkey rentals into cash flow engines. Conduct due diligence beforehand, as this is a firm, non-contingent sale for the winning bidder. Pay special attention to the attachment under the photos of each lot labeled Lebanon TN Residential Infill Overlay. This document outlines the unprecedented opportunities to convert these properties and combinations of these properties to multifamily dwellings. OPEN HOUSE DATES July 20th and 27th 2pm-4pm Agents that are representing a pre-registered winning bidder will receive a 3% commission. Follow the link below to register your buyer. Contact Auctioneer/Realtor Josh Kirby 615-489-3266 for showing instructions and additional information. $10,000 Non-Refundable downpayment per home due within 48hrs of the close of auction. Winning bidder to execute a purchase and sell agreement at complertion of auction. Please follow link below to review sample purchase and sale agreement so that you are familiar with the document. Feel free to do all due diligence ahead of time, this is a contingent free transaction. https://blackwellrealtyandauction.com/wp-content/uploads/BW-Broker-Participation-Form.pdf https://blackwellrealtyandauction.com/wp-content/uploads/BLANK-PURCHASE-and-SALE-AGREEMENT_FILL_-IN_THE_BLANKS.pdf
REAL ESTATE TERMS & CONDITIONS Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you are being represented by an agent we are paying broker participation IF your agent registers using the broker participation form available on the auction site. Please note that all broker participation forms must be filled out completely and received no later than 48 hours prior to the close of the auction. Broker participation is 3% of the winning bid. Example: Winning bid of $100,000 = $3000 broker participation paid to broker at closing. Agents that are representing a pre-registered winning bidder will receive a 3% commission. Follow the link below to register your buyer. Contact Auctioneer/Realtor Josh Kirby 615-489-3266 for showing instructions and additional information. $10,000 Non-Refundable downpayment per home due within 48hrs of the close of auction. Winning bidder to execute a purchase and sell agreement at complertion of auction. Please follow link below to review sample purchase and sale agreement so that you are familiar with the document. Feel free to do all due diligence ahead of time, this is a contingent free transaction. https://blackwellrealtyandauction.com/wp-content/uploads/BW-Broker-Participation-Form.pdf https://blackwellrealtyandauction.com/wp-content/uploads/BLANK-PURCHASE-and-SALE-AGREEMENT_FILL_-IN_THE_BLANKS.pdf This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The successful high bidder on this property will be required to sign a Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit $10,000. Payment may be made by personal check; cashier's check, wire transfer or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Blackwell Realty and Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. All properties are sold "AS-IS, WHERE-IS and WITH ALL FAULTS," without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Tennessee Residential property exemption notification and lead-based paint disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Wilson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Anderson, City of Lebanon, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. Blackwell Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyer's premium-online
Payment Terms
10% Buyers Premium added to high bid to determine contract price. Winning bidder to make $10,000 non refundable down payment within 48 hours of conclusion of auction. Balance due at closing no later than 30 days from conclusion of auction.
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