Conditions of Sale:  The property is being offered in “as is” condition with no conditions or contingencies of any kind.  Any inspections should be completed prior to auction and is not a condition of sale.

Broker/Realtor Participation Welcome: A Broker or agent whose client is the buyer of the real estate may be entitled to a  2% broker participation fee.  Agents must register their clients at least 12 hour prior to the auction.  Brokers and agents may obtain the registration from the web site or by calling the auctioneerClick here to obtain the Broker/Realtor Participation Form

Auction Location:  From I-65 take exit 135 and proceed west on St. Catherine St.   The property is located on the left side of the street just past 5th Street.

Owner reserves the right to accept offers and declare the property sold prior to the stated ending time of the auction.

502-489-5515

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Auction Terms, Conditions and General Information

Buyer’s Premium:  A 10% buyer’s premium will be added to the high bid to determine final contract selling price.

Down Payment:  The buyer shall make a down payment of $8,000 immediately following the auction.  The down payment may be made by certified check, wired funds, Mastercard or VISA.

Closing:  Balance of payment due at closing on or before September 30, 2008.

Inspection:  Auctioneers will be on site Wed. Aug . 13th, from 1-3 PM for those wanting to inspect the property. 

Updated rear photos show new vinyl siding added to third floor in late July

RENTAL INFORMATION ON EACH UNIT

 

Unit 1

Unit 2

Unit 3

Unit 4

No. of bedrooms

2

2

1 (studio)

2

No. of bathrooms

2

1

1

1

Currently rented

Yes

Yes

Yes

Yes

Date lease began

10/25/2007

9/1/2007

6/26/2008

7/18/2006

Lease expiration date

10/30/2008

8/31/2008

6/30/2009

6/30/2007

Terms after expiration date

Month to Month

Month to Month

Month to Month

Month to Month

Amount of Rent

$600 / month

$565 / month

$400 / month

$650 / month

Amount of security deposit

$525

$300

$400

$650

Rent due date

1st day of mo.

1st day of mo.

1st day of mo.

1st day of mo.

Late payment fee, if applicable

$25 after the 5th

$25 after the 5th

$25 after the 5th

$25 after the 5th

Returned check fee, if applicable

$30

$30

$30

$25

Pets allowed

Not w/o approval

Not w/o approval

Not w/o approval

Not w/o approval

Number of authorized occupants

1

1

1

2