425 units being sold across 10 properties

Sealed Bid Auction will conclude
Thursday, December 4th at 11am CT
All bids must be submitted by 11am CT
Successful bidders will be notified within 24 hours of auction close
You may bid on any property individually or in total

This is an unprecedented opportunity to earn double digit cap rates in an appreciating sector of the country!

If bid is a minimum of 80% of appraised value,
the owners agree to guarantee 100% occupancy for 12 months.
100% occupancy gap based on rent roll at closing, will be paid at closing.
Massive potential to get some double rents for 12 months!

1. 10% Buyer’s Premium added to the winning bid price to determine total contract price.
2. No minimum bid, final bid subject to seller’s confirmation.
3. Auction is ONLINE ONLY via sealed bid.
4. Current price listed on MLS or other websites is not deemed a selling price. Many websites will not allow auction only listings.
5. Cooperating broker participation is offered. Contact the auction company to register your client and receive the terms.  Real estate agent MUST register client prior to client’s first bid.
6. Closing & payment: High bidder (purchaser) must remit 10% non-refundable payment of the total contract price to Auction Escrow & Settlement. Balance to be paid at closing within 45 days. Purchaser must sign a non-contingency contract to close within 45 days of the auction date. Seller maintains the right to extend closing an additional 30 days.
7. Seller/owner/creditor reserves the right directly or through directing the auctioneer to recover equity and/or liquidate debt by placings bids on their behalf up to or equal to a level necessary to guarantee clear title with no tax issues, liens or encumbrances.
8. Disclaimer: Revenue, profit and loss, all financial docs, acreage and square footage dimensions are based on information provided by seller and are believed to be correct; however, purchaser &/or purchaser’s agent/broker shall bear responsibility to confirm all calculations prior to the sale. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. All information provided or contained in a brochure was derived from sources believed to be correct but are not guaranteed.
9. The auction company reserves the right to ask for bid clarification or issue a best and final last call.

Contact us for more info – logan@auctionsection.com – 713.702.3666