Bank Owned Sixplex: Published Reserve

Bank Owned Sixplex: Published Reserve

Great Opportunity! Potential Income Producing Property!
  •   Jan 20 @ 10:00am EST (Start)
  •   Feb 10 @ 10:00am EST (End)
  •   Add to Calendar
Great Investment Opportunity!

Don't Miss This One!  Six-Plex with Previous Income of $3285.00.  This property is bank owed and needs work.  Featuring One-3 Bedroom Unit & Five-1 Bedroom Units. This is a Published Reserve Auction.  The Published Reserve Amount is Fifty Thousand Dollars ($50,000.00).  If the reserve amount is not met, the seller still has the right to accept a bid. If the reserve is met, the property will sell to the highest winning bidder.

Unit 1-1 Bedroom

Unit 2-1 Bedroom

Unit 3-3 Bedroom

Unit 4-1 Bedroom

Unit 5-1 Bedroom

Unit 6-1 Bedroom 

Preview Date: Friday February 2nd 10am-12pm ET

BUYER’S PREMIUM:  A 10% Buyer’s Premium will be added to the winning bid to determine the final contract selling price for the property. 


TERMS ON REAL ESTATE:  A 10% Buyers Premium will be added to the winning bid to determine the final contract selling price for the property. The purchaser shall make a non-refundable deposit at the conclusion of the auction in the amount of Ten Thousand Dollar ($10,000.00). Deposit will be completed thru eXp Deposit Link., secured by a Personal Demand Note.   The balance to be paid upon delivery of a Special Warranty Deed according to applicable law on or before March 10, 2024.  Possession to be given at closing and date of deed.  Time is of the essence in the purchase agreement. Taxes and HOA fee to be prorated to date of closing. Buyer will pay $150.00 to English Law Group for the preliminary title exam and Closing to Be Held at English Law Group. The property is being sold as is with no warranty.   Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information. All risks of loss with respect to the property shall remain with SELLER until the closing and delivery of deed.  In Cooperation with eXp Realty. *Any Announcements made the day of the Auction take precedence over printed material or any other oral statements made. 


Auction Deposit if Winner Bidder: A Link Will Be Send Immediately following the conclusion of the auction.  Buyer must deposit within 1 hour of receiving the link.  This will be thru the secured eXp Realty, LLC Deposit Link.


Online Bidding Term:  Please be aware that this online auction has been set up for auto-extend time.  If a bidder places a bid in the last few minutes of this online auction, then the end time for the auction is extended by 120 seconds (2 Minutes). The process continues until there are no more bids made within the last minutes or seconds. At that point, that auction closes.


Purchase Agreement, Demand Note, Lead Base Paint & Disclaimer Notice will all be required to sign upon conclusion of the auction.  These documents will be emailed for electronic signing.  Please email for a copy of these agreements.