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Investment Property Real Estate Auction - Saturday, May 13th - 10:00 AM



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Well Cared For Mobile Home Park

510-518 Beth Avenue
Bluffton, IN 46714
 - (View Map)

Owner: Norm and Bonnie Wall

Sale Manager: Brandon Steffen

Contact: 260-426-0633

Outstanding Investment Property - Can be Purchased with Adjoining Storage Unit Complex

Auction Location

The auction will be held at the adjacent storage unit complex located 1315 West Wiley Street, Bluffton Indiana.

Inspection

Call auction company for inspection information 260-426-0633.

Real Estate and Financial Information

Real Estate Type: Mobile Home Park
Project Name: Wall Mobile Home Park
Total Number of Pads: 6
Number of Mobile Homes Owned by Park: 3

Financial Information

Annual Income from Lot Rent: $5,400.00
Annual Income from Mobile Home Rent: $13,380.00
Gross Annual Income: $18,780.00

Description of Mobile Homes Owned By Mobile Home Park and Included in Auction

510 Beth Avenue
Make and Model: 1995 Commodore
Utility Shed: Yes
Carport: Yes
Monthly Rent: $365.00 plus utilities


512 Beth Avenue
Make and Model: 1995 Commodore
Utility Shed: No
Carport: Yes
Monthly Rent: $400.00 plus utilities

516 Beth Avenue
Make and Model: 1999 Holly Park
Utility Shed: No
Monthly Rent: $350.00 plus utilities

Auctioneers Note:

Norm and Bonnie Wall have been very active and successful in the investment real estate business. They have decided to take life easier and sell their remaining investment properties at public auction. This is a tremendous, once in a life time opportunity to purchase exceptional well cared for and managed investment properties. Inspect - Arrange Financing and Bid Your Price on Auction Day. Looking forward to seeing you at the auction.

Brandon Steffen, Sale Manager



Terms & Conditions



Procedure: The property will be offered individually and in combination as an entire unit with the adjoining Storage Unit Complex. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bids on tracts, tract combinations and total property may compete.

Method of Payment: A non-refundable earnest money deposit of Ten (10%) percent of the purchase price will be required day of sale with the balance due the day of final closing. The closing shall occur within 45 days of the auction. This real estate is being sold for cash and your bidding is NOT CONTINGENT UPON FINANCING. Have your financing prearranged prior to auction.

Rent Proration's: All rents will be prorated to the day of final closing and any security deposits held by the Seller will be transferred to the Buyer at closing. The Seller will assign all leases to the new buyer at closing.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The Seller reserves the right to accept or reject any bid.

Title: The Seller provide the Buyer with an owners policy of title insurance in the amount of the purchase price insuring the marketability of the title. Seller will provide buyer with a fully executed Warranty Deed conveying title to the Buyer.