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SOLD! $18,550.00

Commercial Building w/Parking Lot, 1475 Locust St., Terre Haute

B M A Property Management, Inc. will offer for sale at Auction the following real estate located at: 1475 Locust St., Terre Haute, Indiana, Vigo County.

Wed, Sept. 17, 2014 @ 2:00PM

This property may be purchased prior to Auction by contacting the Auctioneer with an offer and the Seller will act on the offer. The deadline for making this offer is:

DIRECTIONS: From the intersection of US 41 and Locust St, travel east on Locust St to 15th Street.      WATCH FOR JOHNNY’S SIGNS!

This 2 story, partial brick, commercial office building has a full basement, office, large waiting room with a reception area, 10 work stations, kitchen, 2 half baths, ADT alarm system with a key pad in both the front and back, Samsung phone system, new computer wiring when remodeled in 2007 and 2 separate entrances in the back. There are 2 apartments upstairs with separate entrances. The property has up to date electric, central heat and central air. The offices are nice and have a modern appearance.

 

NOTE: Buyer(s) will receive at closing $3,100.00 for 2 new heat/air units.

Parcel Numbers: 84-06-22-204-009.000-002; 84-06-22-204-008.000-002
Legal Description: JOHNS SUB 30’ E SIDE (1475 LOCUST ST) D-444/2496 444/5914 22-12-9 LOT 1; JOHNS SUB 10’ W SIDE-1 1475 LOCUST D-444/2496 D 444/5914 22-12-9 LOTS 1-2
Real Estate Taxes: Approx. $2,475.12 per year and will be pro-rated at closing.

Terms: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyers by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyers shall pay the mortgage policy and recording of necessary documents. The Auction will conclude when the Auctioneer determines that all Buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer on day of sale or during the sale take precedence over any oral or written heretofore.

Buyers Premium: The Buyer's will pay 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

Possession: At closing and not before.

Survey: Buyer will pay for survey, if one is needed.

Email: auctions@jswalls.com
FOR PRIVATE SHOWING CALL: 812-249-5090 or 1-877-696-5099

AGENCY: Johnny Swalls Auction, Inc. and it's Representatives are Excluve Agents of the Seller.

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, GPPA, CAGA, CREA, AU1026257, RB14033902, AC30700074.

947 Real Estate Parcels Sold of the last 964 Listed!!

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