Income Producing Apartment Building
Online Only Auction
Location: 24 Water St. Lumberport, WV 26386
GPS Coordinates: 39.373571, -80.346886
Bidding is open & Starts closing Monday February 22nd, at 7:00 P.M.
Open House Tuesday, February 16th, 4:00 P.M. to 5:00 P.M.
See Income / Expenses Under the Documents Tab
*4 Apartments* 3 Two Bedroom Apartments * 1 Three Bedroom Apartment* 200,000 Cu. Ft. Free Gas * 30x 40 Empty Space*.40 +/- Acre * 2 Half Bath* Built on in 1990 *4,800 +/- SQ. FT. *2 Story * 200 Amp Electric*Central Heat & Air on First Floor* Gravel Parking Lot * City Water & Sewer * Harrison County*
*District 10 Map 1804 Parcel 40 & 41
Kaufman Realty & Auctions of WV
399 W. Main St.
Bridgeport, WV 26330
David Anthony Kaufman, Broker
Wayne Yoder - Auctioneer/Agent
Auc. Lic. #2161
Andrew Yoder Jr. - Auctioneer/Agent
Auc. Lic #2086
Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of WV. Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for wire transfer fees.
Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.
At the close of bidding. The system is set to add a 5-minute extension when a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time.
Buyer's Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage and other dimensions are approximate
BUYER/BROKER INFORMATION: Up to 3% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
By initialing bidder verifies that they have read, reviewed, and agreed to the purchase documents available under the documents tab of this auction. If buyer requires a review of these documents by their counsel, this must be done prior to bidding. In addition, bidder agrees that this bid is a legal and binding contract upon the bidder. It is also understood that a bidder may at some point be outbid but due to combinations of sale may move back into winning position. Therefore, all bids remain valid until the winning bids have been declared. Bids may not be retracted.