Auction Details

 

Type

Live Auction

Auction Dates

Oct 22, 2021

Description

Real Estate AUCTION
FRIDAY OCTOBER 22
11:00 a.m.
815 North B Street
Fort Smith, AR

Directions: From Garrison Ave turn NE on North 9th St go 2 blocks; then turn NW on North B St.

The Thomas Quinn House. Originally a long-stay bed & breakfast, this historical building has been remodeled and now consists of 10 suites. Each unit has it’s own bathroom & kitchenette. Full occupancy gross income is $5500 per month. Property includes lots of charm and character & has common areas, garage, 13 parking spaces and it’s all on 4 lots on the corner of North 9th & North B Streets. Excellent investment property!

 10% Buyer’s Premium. Please see our web site for additional terms.

 Note: Don’t miss this great opportunity to purchase a nice income producing property & it’s in a great location!!

All announcements day of sale supersede this ad

Terms and Conditions

Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
(479) 996-4848
Terms
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing.  

Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.

Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records

Location