ABSOLUTE AUCTION * DUPLEX & ADJOINING HOMESITE/LOT Paducah, KY
Starts: Thu, Oct 23, 2014 5:30PM
Ends: Fri, Oct 24, 2014 5:30AM
DUPLEX & ADJOINING HOMESITE/LOT
OFFERED SEPARATE OR COMBINED
- ATTENTION REAL ESTATE INVESTORS
- INCOME PRODUCING PROPERTY
- +/-45’X+/-144’ BUILDING SITE * MULTI-FAMILY ZONED
- MANUFACTURED HOME PERMISSIBLE
- ALL UTILITIES AVAILABLE
WHEN: Thursday, October 23rd @ 5:30 PM
WHERE: 2707 Old Mayfield Rd. Paducah, KY 42003
Auction held on site rain or shine
DIRECTIONS: From Hwy 60/62 (Irvin Cobb Dr.) & Old Mayfield Rd. (Hwy 994) intersection, take Old Mayfield south 0.4 miles arriving at properties on right. Signs posted.
REAL ESTATE DUPLEX: Consider this duplex centrally located in Paducah, Ky. with vinyl siding, 3 tab shingles, & a concrete block foundation over a crawl space. There is a concrete sidewalk leading to the front doors, parking behind the building, & separate sidewalks leading to each side. Interior Side A: Kitchen is +/- 12’x +/- 15’ with a Whirlpool cook top built in the bar, GE oven (built in), Frigidaire side by side refrigerator, plywood cabinets, linoleum floor, & baseboard heat. Living room +/- 12’x +/- 15’ with paneled walls, tile ceiling, tile floor, ceiling fan with light fixture, & double- hung windows. Bedroom is +/- 13’x +/- 13’ with a Frigidaire window air conditioner, baseboard heat, linoleum, paneled walls, tiled ceiling, & a ceiling fan with light fixture. Bathroom is a +/- 6’x +/- 7’ full bath. There is a laundry hookup in the hallway and a separate 100 amp breaker box. Hot water is supplied by a Whirlpool 40 gallon water heater. Interior side B: Kitchen +/- 8’x +/- 12’ with plywood cabinets, counter top bar, Enterprise electric cook stove, refrigerator, tiled back splash, & linoleum floor. Dining area is +/- 7’x +/- 12’ with paneled walls, carpet, tiled ceiling, Samsung window air conditioner, & baseboard heat. Living room is +/- 12’x +/- 15’ with a window air conditioner, baseboard heat, carpet, paneled walls, ceiling fan with light fixture & tiled ceiling. Bedroom is +/- 12’x +/- 13’ with carpet, paneled walls, tiled ceiling, & a ceiling fan with light fixture. There is a +/- 6’x +/- 8’ hallway/utility room with carpet, paneled walls, 100 amp breaker box, & washer & dryer hookup. Bathroom is a +/- 6’x +/- 7’ full bath. Side B has a Rheem 30 gallon electric water heater. Natural gas is available, but this duplex is all electric.
REAL ESTATE HOMESITE/LOT: Approximately +/-45’x+/-144’, this lot is zoned R-2 with all utilities available. Just a few of the R-2 permitted uses include:
- Single & multi- family
- Manufactured homes
- Home occupations, etc.
TERMS OF AUCTION:
REAL ESTATE: 20% good faith deposit due day of sale. Balance due in 30 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. Announcements day of auction take precedence over any previous marketing either written or oral.
PROCEDURE: Initial procedure determined by auctioneer.
TITLE: Fee Simple Absolute 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, WHERE IS 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. No liability for its accuracy, errors or omissions is assumed by the sellers 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 STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.
AUCTIONEERS NOTE: Auction held on site, rain or shine.
ATTENTION BROKERS: Agents procure your buyers now. Call for details.