6 Unit Apartment Complex

REAL ESTATE AUCTION

OF

Six Unit Apartment Complex

Located at 315 South West Street

Angola, Indiana

SATURDAY, JULY 31, 2010

Starting at 1:30PM

IMPROVEMENTS:  Six unit apartment complex with 3-2 bedroom units and 3-1 bedroom units, with a total of 4,299 square feet, common utility room and parking. 

INCOME POTENTIAL:  Units should rent for $400+/- per month with a total of $2,400+/- per month.  This property is located within a couple of blocks of Trine University.  Great investment opportunity.

TERMS:  10% down the day of the auction which in non-refundable.  The balance will be due at final closing within 30 days.  Buyer to pay the taxes beginning in November of 2010 and all taxes thereafter.  Seller will provide title insurance and deed at closing.  The closing fee of approximately $200 will be split 50/50 between the buyer and seller.  The property is sold in “AS IS” condition and subject to sellers approval.

POSSESSION:  Day of Closing.

INSPECTION:  Contact the auction company  at 260-854-2859 for an appointment to view this property.  Property will also be open for inspection one hour prior to the auction.

BUYER BROKERAGE:  The seller will pay a 2% Buyer Brokerage Fee to any licensed real estate agent or auctioneer who registers the successful bidder at the auction.  Agent must register their buyer with Strawser Auctions 48 hours prior to the auction.  Contact the auctioneer for terms and details.

AGENCY:  Strawser Auctions’ staff are exclusive agents of the seller. 

DISCLAIMER:  This property is being sold in “AS IS” condition.  Prospective bidders are responsible for making their own inspections of the property with regards to condition, environmental, zoning, permits  and any and all other inspections and approvals as may be necessary.  All sizes and dimensions stated are approximate.

AUCTIONEERS NOTE:  The sellers are motivated to sell this property.   Don’t let this property sell for less than you would have paid.

FARMERS STATE BANK, OWNER