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Absolute Real Estate Auction - Thursday, January 25th - 5:00 PM



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12 Unit Investment Portfolio Liquidation

Multiple Adresses
Fort Wayne, IN 46802
 - (View Map)

Owner: The Richard Liechty Trust

Sale Manager: Josh Lewis

Contact: 260-426-0633

Incredible Investment Opportunity - $75,000 Gross Annual Rent

Auction Location

The Courtyard Marriott (Downtown Fort Wayne) - 1150 South Harrison Street, Fort Wayne, IN 46802

Inspection

The properties will be open for 1 hour each, on two open house dates. Properties are currently rented - we appreciate your cooperation in not disturbing the tenants outside of the scheduled open house dates.

Monday, December 18th &
Tuesday, January 16th

-4:00 to 5:00 PM:
2225 New Haven Avenue
2233 & 2239 New Haven Avenue (Triplex)
2241 & 2243 New Haven Avenue
2249 New Haven Avenue

- 5:00 to 6:00 PM:
1304 Marion Street (Fourplex – Marion/2nd Street)
3314 Winter Street
3909 Hanna Street

(Times listed are for both open house dates)

Tract Descriptions

Tract 1: 426-428 2nd Street & 1302-1304 Marion Street - Fourplex

Tract 2: 2249 New Haven Ave

Tract 3: 2241 & 2243 New Haven Ave - 48' x 145' Lot, .16 Acres, Zoned C3

Tract 4: 2233 (Bare Lot/Driveway) & 2239 New Haven Ave - Triplex, 96' x 145' Lot, .32 Acres, Zoned C3

Tract 5: 2225 New Haven Ave (Garage/Office) - 45' x 145' Lot, .15 Acres, Zoned C3

Tract 6: 3314 Winter St

Tract 7: 3909 Hanna St

Rental Information

Gross Monthly Rent: $6,250
Gross Annual Rent: $75,000
Utilities: Paid by Tenants on single families, Paid by Landlord on Triplex and Fourplex

For a complete information packet, please contact the Sale Manager at 260-426-0633 or josh.lewis@steffengrp.com.


Terms & Conditions



Procedure: The properties will sell as individual properties, any combination of the properties, or as a total package. There will be open bidding on all properties and combinations during the auction as determined by the auctioneer. Bids on individual properties, combinations, and the total package may compete.

Method of Payment: A non-refundable earnest money deposit of 10% of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 30 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 day.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The properties will sell absolute, regardless of price.

Buyer's Premium: A 3% buyer's premium will be added to the final bid price of the real estate, thus determining the final selling price of the real estate.

Title: Seller will provide the buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. Seller will provide buyer with a fully executed trustee's deed conveying title to the buyer.

Possession: Possession will be give to the buyer the day of final closing, subject to tenants' rights.

Rents and Security Deposits: All rents shall be prorated to the day of final closing. Security deposits held by the Landlord shall be transferred to the Buyer on the closing statement.

Taxes: All taxes shall be prorated to the day of final closing.

Survey: A survey will not be provide on the properties. If the Buyer or Buyer's Lender require a survey, it shall be at the sole cost of the Buyer.

Property Disclosure: This properties are being sold "As-Is" and "Where-Is" with no warranty being expressed or implied.

Disclaimer and Absence of Warranties: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the purchase agreements. Conduct of the auction and the increments of bidding are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. Announcements made day of the sale take precedence over any and all printed material.