More Information
This is a commercial real estate property with two parcel ID’s as 010-058361-00 and 010-065422-00. There are 7 total units available for sale within both parcels. Addresses are 3058, 3058 ½, 3060 ½, West Broad Street and 11, 13, 15 North Westmoor. This property is up for Public Auction with a 10% buyer’s premium. Property sells “as-is” with no liens or encumbrances and without contingencies whatsoever. Every prospective bidder must sign a letter of “irrevocable instruction” which defines that all deposits are non-refundable, each registered bidder must deposit 10% of the total purchase price (which is the high bid plus buyer’s premium) with a personal or business check made payable to Ohio Real Estate Auctions., have a State issued photo Identification and register by signing the “Auction Registration Form” and “Terms & Conditions Form”. Auctioneer may make changes to terms and condition within his/her fiduciary responsibility to the seller (client), in the best interest of the client. If changes are made, they must be reduced to writing and signed by both parties, (buyer and seller). The minimum starting bid is: $99,900.00
Once a bidder has met the requirements to bid and then becomes the winning bidder (he/she) will determine the total purchase price as their subsequent high bid plus a 10% (of the high bid) buyer’s premium. The winning bidder will then deposit a total of 10% of the total purchase price. Therefore, if the winning bid were $251,000.00 subsequently the buyer’s premium will be $25,100 and the total purchase price will be $ 276,100.00 and the total deposit due is $27,610. After the winning bidder has signed all necessary disclosure and contract documents he/she will close the transaction within 30 days of the live auction event or April 15th, 2015 with First American Title Insurance Co.
Real Estate agents that want to be eligible for representing a prospective bidder and the subsequent co-op commission of 2%, must register their contracted client at least 24 hours prior to the live event by faxing or scanning & emailing a signed Agency Disclosure Statement to John Rogers at fax - 614 635-2652 or john@irsauctioneer.com
Lot Size: 7 total unit with 5 commercial and 2 residential apartments. Gross rent is $3,750.00
Annual Taxes: $ 8835
Property Map
Basic Terms:
This is a commercial real estate property with two parcel ID’s as 010-058361-00 and 010-065422-00. There are 7 total units available for sale within both parcels. Addresses are 3058, 3058 ½, 3060 ½, West Broad Street and 11, 13, 15 North Westmoor. This property is up for Public Auction with a 10% buyer’s premium. Property sells “as-is” with no liens or encumbrances and without contingencies whatsoever. Every prospective bidder must sign a letter of “irrevocable instruction” which defines that all deposits are non-refundable, each registered bidder must deposit 10% of the total purchase price (which is the high bid plus buyer’s premium) with a personal or business check made payable to Ohio Real Estate Auctions., have a State issued photo Identification and register by signing the “Auction Registration Form” and “Terms & Conditions Form”. Auctioneer may make changes to terms and condition within his/her fiduciary responsibility to the seller (client), in the best interest of the client. If changes are made, they must be reduced to writing and signed by both parties, (buyer and seller). The minimum starting bid is: $99,900.00
Once a bidder has met the requirements to bid and then becomes the winning bidder (he/she) will determine the total purchase price as their subsequent high bid plus a 10% (of the high bid) buyer’s premium. The winning bidder will then deposit a total of 10% of the total purchase price. Therefore, if the winning bid were $251,000.00 subsequently the buyer’s premium will be $25,100 and the total purchase price will be $ 276,100.00 and the total deposit due is $27,610. After the winning bidder has signed all necessary disclosure and contract documents he/she will close the transaction within 30 days of the live auction event or April 15th, 2015 with First American Title Insurance Co.
Real Estate agents that want to be eligible for representing a prospective bidder and the subsequent co-op commission of 2%, must register their contracted client at least 24 hours prior to the live event by faxing or scanning & emailing a signed Agency Disclosure Statement to John Rogers at fax - 614 635-2652 or john@irsauctioneer.com
Deposit and Closing:
Close within 30 days of the live auction event.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.