Effingham, IL – Income Generating Property

Absolute Auction!

We will be selling a 6 Unit Apartment complex in the heart of Effingham, IL at ABSOLUTE Auction. This property will be sold regardless of price to the high bidder day of the auction! BUY CASH FLOW!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 03/26/20 at 4:00 PM CDT
Ended: 03/26/20 at 4:30 PM CDT
Location: 208 W. National, Effingham, IL 62401

ABSOLUTE AUCTION

BUY CASH FLOW AND INCREASE YOUR INCOME

START BUILDING YOUR OWN FUTURE

6 UNIT APARTMENT COMPLEX

!~ LIVE AUCTION w/ LIVE ABSENTEE BIDDING AVAILABLE ~!

Bidding has started and runs to 4 PM Central Thursday March 26th.



!~ 4PM Absolute Real Estate Auction 4PM ~!

208 W. National, Effingham, IL

Signs & color Brochures will be posted.

 

THIS 6 UNIT APARTMWNT BUILDING HAS THE POTENTIAL FOR EXCELLENT CASH FLOW. CURRENTLY 5 OF THE 6 UNITS ARE RENTED.

 

FOLLOWING UPDATES & RENOVATIONS YOUR CASH FLOW POTENTIAL WILL SKYROCKET.

 

BUY YOUR FUTURE INCOME AT THIS ABSOLUTE AUCTION!

 

5 UNITS RENTED CURRENTLY: $2000/MONTHLY

 

FOLLOWING UPDATES: $3000/MONTHLY ATTAINABLE

 

SOFT CLOSE: THURSDAY MARCH 26 @ 4PM PLACE YOUR HIGHEST BID AND BEST OFFER ONLINE PRIOR TO AUCTION CLOSE. CLOSEOUT WILL BE ONSITE. BID LIVE, ON- LINE,OR BY PHONE.

 

3000 SQUARE FEET

6- 2 BEDROOM UNITS EACH WITH PATIO

LAUNDRY AREA IN BUILDING

12,947 SQ FT LOT

OFF STREET CONCRETE PARKING

1.5 BLOCKS FROM AMTRAK STATION

FRAME CONSTRUCTION, VINYL SIDING, AND ASPHALT ROOF

BUILT IN 1978.

 

This home offers instant equity with fixes to the interior and exterior of the property!

 

R.E. Taxes:Parcel Index# 06-29-230-024.

Estimated R.E. Tax: $5,219.86.

Seller to pay prorated taxes to date of closing, buyer(s) thereafter.

 

Brief Legal: Lot 40, Block 5 in Addition A to Railroad Addition, Addition Recorded in Plat Book 1, Page 69 in Recorder’s Office.

 

Possession: Possession date of closing. Buyer(s) to give proper legal notice if they wish to vacate the current tenants. Buyer to receive the property lien free.

 

Bidding: Bid online by placing your highest & best bid prior to auction, if possible. The auction will take place onsite at the auction location of 208 W. National, Effingham, IL. You will be able to bid by phone, by internet or in person at this point.

 

R.E. Terms: Being Sold to the Highest Bidder WITHOUT RESERVE. 10% down day of sale as non refundable escrow. 10% Buyer Premium. Balance due, possession & taxes prorated to date of closing. Being sold “As is, Where is”. Buyer to have all inspections completed prior to auction & have financial arrangements made prior to auction.

 

Contract Signing: Parrott Real Estate & Auction Co., LLC encourages buyer to sign real estate purchase agreement via online signature program, if at all possible.

 

For private tour of the property or more information, please our Newton office at 618-783-0000 or lead Auctioneer Gregg Parrott at 618-843-4905.

 

Mark Hahn – Seller

BEING SOLD TO HIGHEST BIDDER, WITHOUT RESERVE. 10% BUYERS PREMIUM. BEING SOLD IN AS IS CONDITION. HAVE ALL PROFESSIONAL INSEPCTIONS COMPLETE 10 DAYS PRIOR TO AUCTION.

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