Baker Auctions & Real Estate – Auction Terms & Conditions
Willie Baker – Principal Auctioneer/Broker
Auction Property
Triplex - Multi Family Housing unit located at 472 High St. Danville, KY 40422
Auction Date/Time/Location
Saturday April 10, 2021 – 10:37 a.m. – Live Onsite – Online Simulcast Bidding available. Online Pre-Bidding Available
Registration
Registration will begin at 9:00 a.m.
Auction Sale Type
Live Onsite with Simulcast Online Bidding Available.
Buyer’s Premium
A 10% Buyer’s Premium will be added to the high bid and included in the total contract purchase price. Example: High bid of $100,000.00 plus 10% Buyer’s Premium = $110,000.00 contract purchase price.
Absentee/Phone Bidding
Absentee or Phone Bidding arrangements can be made prior to Auction Day by contacting the Auctioneer, Willie Baker, at 859-319-1520.
Terms of Sale
The successful bidder(s) shall be required to enter into a non-contingent auction agreement and a provide a 10% NON-REFUNDABLE deposit of the contract purchase price in the form of Cash, Certified Funds, or approved personal check immediately following the auction. The balance of the purchase price shall be paid on or before May 25, 2021.
Possession
Possession shall be granted with deed transfer, subject to any existing liens, tenants, or occupants if applicable.
Real Estate Property Taxes
2021 Real Estate Taxes shall be pro-rated.
Insurance
The successful purchaser of the subject property is hereby notified that they may wish to insure their interest in the property to the day of deed transfer, if applicable.
Closing & Title
The Buyer is responsible for hiring their own Attorney to perform title work, prepare closing documents, and execute the closing. Buyer is responsible for their own Attorney’s fees. Auctioneer must be notified of closing attorney’s contact information in order to coordinate the closing.
Property Inspection
Open Auction Preview will be on March 28, 2021 or by appointment only.
Special Notice
This property is being offered “AS – IS, WHERE IS”, and with all faults, with no Warranties expressed or implied of any kind. Property shall be conveyed with an insurable title by “General Warranty” deed with no liens or encumbrances, other than existing covenants, restrictions and easements of record. Bidders should carefully verify all information and make their own decisions as to accuracy thereof before bidding. The successful bidder today will be required to waive their right to a Lead Based Paint inspection, if applicable.
Special Condition: This Property sell ABSOLUTE to the Highest Bidder.
Bidder’s Acknowledgement
By signing below, You, as a successful bidder agree to the terms and condition stated herein. This document is part of the non-contingent contract sale to purchase the property. This is a public offering open to all!
Signature: Date:
Bidder’s Name/Phone Number:
Address:
Announcements made day of sale take precedence over any previous advertisements!
Danville, Kentucky 40422
United States
Triplex investment opportunity! Triple Your Income on one property.
472 High St. in Danville KY.
2 units feature 1 bed/1 bath
1 unit is a 2 bed/1 bath
This Triplex has two long term tenants in place who wish to remain in the property. The remaining unit has been completely remodeled and hasn't been rented yet. A fantastic opportunity for the investor. Collective rent on the entire property should yield $1100.00 per month. A Great ROI!
This property sells ABSOLUTE to the Highest Bidder!