ABSOLUTE AUCTION *2 BEDROOM HOME Paducah, KY
Starts: Sat, Oct 24, 2015 10:00AM
Ends: Sat, Oct 24, 2015 10:00PM
ATTENTION: INVESTORS & HOMEBUYERS
2 BEDROOM HOME IN AN EXCELLENT LOCATION!
EASILY DUPLEXED * NEAR MORGAN ELEMENTARY SCHOOL
RENTED FOR 5 YEARS @ $600.00 PER MONTH!
REAL ESTATE INTRODUCTION: This home has been rented the past 5 years @ $600.00 per month. Prior to the previous renter, the property was a duplex. The center wall dividing the two sides was removed and leased as one large single-family residence. This property can easily be converted back to a duplex, if so desired. Consider this home with +/- 1,607 sq. ft. for the first time homebuyer, or investors. Exterior: The home has vinyl siding, double-hung windows, dimensional shingles, a concrete sidewalk leading to the front door, crawl space, & a circle white rock drive around the perimeter of the home. Interior: Kitchen #1 is +/- 11’ x +/- 14’ with laminate flooring, & washer & dryer hookup. Kitchen #2 is +/- 10’ x +/- 14’ with laminate flooring, & washer & dryer hook up. Bedroom #1 is +/- 13’ x +/- 15’ with carpeting, ceiling fan, & a 9’ ceiling height. Bedroom #2 is +/- 14’ x +/- 15’ with a 9’ ceiling height. The dining room is +/- 10’ x +/- 14’ with carpeting. Living room #1 is +/- 13’ x +/- 15’ with carpeting & a ceiling fan. Living room #2 is +/- 9’ x +/- 17’ with carpeting. There are 2 full bathrooms in the home. There are paneled walls & textured ceilings throughout most of the home. Utilities: Whirlpool 50 gal. gas water heater with plumbing roughed in for a 2nd water heater to be added if necessary. Separate water meter bases on property. 100 amp breaker box, Nordyne model # GR4GA-036K096C gas pack, 2 window units, & city water & sewer service.
REAL ESTATE: 20% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Showings & inspections by appointment only or 2 hours prior to auction start time. Announcements day of auction will take precedence over any previous marketing, either written or oral.
PROCEDURE: Initial procedure determined by auctioneer.
TITLE: Fee Simple title delivered.
DEED: Seller will provide a General Warranty Deed.
PURCHASE AGREEMENT: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.
POSSESSION: Possession given at closing.
RESTRICTIONS: Any recorded restrictions (if any) and zoning regulations apply.
EASEMENTS: Sale of property is subject to any and all easements of record.
ABSENCE OF WARRANTIES & DISCLAIMER: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHEREIS basis, and no warranty or representation either express or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FORACCIDENTS.
NEW INFORMATION, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.
From I-24 Exit 7 take Hwy 62 East/Alben Barkley Dr. 1.1 mile. At intersection this road becomes Jackson St. Continue straight traveling 1 mile turning right onto South 28th St. beside Red’s Donut Shop. Travel 0.5 miles arriving at property on right