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Lot 1 of 10 Portfolio Reduction Auction

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PORTFOLIO REDUCTION REAL ESTATE AUCTION

Live Offsite Auction with Online Bidding Available

Thursday, April 11th @ 2:00pm

Pre-Bidding Open NOW!

Offsite Live Auction Location:

Courtyard By Marriott~100 Prestige Place, Miamisburg, OH 45342

LOT 1 of 10

(See additional Lots in separate listings or on the online bidding page)

2249 Prince Albert Blvd., Riverside, Ohio, 45404

(Absolute - No Minimum or Reserve!)

DESCRIPTION: INCOME PRODUCING 1,292 SF Single-Family dwelling with long-term tenant paying $600 monthly plus 9 additional parcels of vacant commercial land formerly a mobile home park with remnants of pads and utilities in place. 10 parcels total 1.5+ acres.

PID’s: I39 00710 0052, 53, 54, 55, 56, 57, 58, 59, 60 & 61.

TAX VALUE: $84,230

COMBINED LOTS NOTE: This Lot is also being offered in Combination with Lot 2.  See Lot 3 on Printable Flyer and/or the online bidding page for details of the combination.  Will sell in the manner garnering the highest sale price.

BIDDING NOTES:

BID INCREMENT: for this auction is $100.

MAX BID: When you place a bid, you can place a "Max Bid" and the system will bid for you in $100 increments up to your maximum bid. You will be notified by email if your maximum is out-bid.

LIVE-SIMULCAST AUCTION: On Auction Day, Thursday, April 11, 2019 at 1:45PM, the pre-bidding page for this auction will be closed and the live simulcast page will be launched shortly thereafter.  All pre-pids will transfer to the simulcast bidding page. If you are logged into the pre-bidding page at that time, you have to log out and log back into the bidding platform to participate in the live simulcast bidding.

Tim Lile, CAI – Auctioneer

(937)689-1846

TimLileAuctioneer@gmail.com

 

Disclaimer: Information contained herein was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.

Lot Size: 1.5+ Acres

Annual Taxes: $ 5,132.42


Property Map


LEAD AUCTIONEER

Tim Lile
Email Tim

W: 937-689-1846
F: 1(877)772-4217

AUCTIONEER


Ron Denney
Email Ron

W: 937-572-4468


Basic Terms:

All lots sell As-Is with no contingencies for financing, inspections or otherwise. 10% Buyer's Premium will be added to winning bid(s) to establish final contract selling price(s). Short tax proration. Buyer(s) pays all closing costs. Lots 1through 5 sell absolute to the highest bidder(s) regardless of price. Lots 6 through10 will be subject to Seller Confirmation on auction day. Lots included in a combination lot will sell in the manner garnering the highest selling price.

Deposit and Closing:

Successful bidder(s) will be required to deposit 10% of total purchase price at the conclusion of the auction. Online bidders will be required to wire transfer said deposits by the end of business Friday, April 12, 2019. Close on or before Friday, May 10, 2019 through M & M Title Company.

Realtor Participation:

See Realtor Registration Form in Documents section of this listing for terms and requirements.

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