Auction Closed
nice-north-xenia-duplex

Nice North Xenia Duplex

Auction #227639
Description

Well maintained 2-family duplex rental property located just north of downtown on N. Galloway Street. Each unit features 2 bedrooms, 1.5 baths, & separate full basement. Also includes 3-car detached garage for tenant use or for rental storage or other business uses. Tenants on month-to-month basis. Great opportunity.

Ended Fri, Oct, 14th 03:00 PM US/Eastern

Description

NICE NORTH XENIA DUPLEX
2 Bedrooms/1.5 baths/Full Basement each
3-Car Det Garage
Bidding Ends: Friday ♦ Oct 14 ♦ 3:00 PM

Marketing

This property sells by Timed Online Auction ending Friday, October 14 at 3:00 pm. Great opportunity as an investment or to live in one apartment and rent the 2nd to pay your mortgage. Well maintained 2-family duplex in a great location only 2 blocks north of downtown Xenia and W. Main Street restaurants & retail area. Identical side-by-side apartments each with living room, kitchen & half bath on 1st floor and 2 bedrooms & full bath on 2nd floor, plus each with a separate full basement with laundry area & 9' ceilings able to be finished into additional living space. Separate rear wood deck for each unit and fully fenced rear yard. The property also includes a rear 3-car detached garage in great condition available to the tenants or as a storage rental or business opportunity for the owner. Tenants are currently in month-to-month agreements. Apartment #1 rents for $655/month with 1-car garage access. Apartment #2 rents for $680/month with 2-car garage access. Please allow minimum 1-day notice for all showing requests. Do not let the Auction process scare you. It is an easy process, and financing is permitted. Visit auction company's web site to register to bid and for full details. Closing MUST occur by November 18, 2022, no exceptions.

Directions

Located just north of W. Main Street on N. Galloway Street near W. Church Street. Watch for sign.

Terms

SALE TERMS:
Bidding Procedure: The property will sell to the highest bidder subject to confirmation of the Seller.
Auction Timeframe: Bidding will end October 14, 2022, at 3:00 pm subject to Automatic Bidding Time Extension.
Acceptance of Bid Prices: Purchaser will sign the Confirmation of Sale Agreement via electronic signature or in person promptly upon presentation from Auctioneer within 24 hours of auction
Down Payment: The successful bidder agrees to deliver to Auctioneer via overnight mail, wire transfer (plus $35 wiring fee), or personally delivered funds the down payment of $5,000 within 48 hours of the auction's completion. Personal delivery may be made at 200 Parkview Lane, Cedarville, OH. All funds will be paid for in U.S. funds. Bidding IS NOT CONDITIONAL UPON FINANCING.
Real Estate Taxes: Taxes will be prorated to date of closing using short proration method.
Transaction Closing Date: Property MUST CLOSE by November 18, 2022. Purchaser will pay customary portion of closing costs at closing. Closing to be conducted by title company of seller's choice.
Possession: On or about date of closing.

Section 1031 Tax Deferred Exchange: The Seller reserves the right to use all or part of the proceeds from the transaction(s) for the completion of an IRS Section 1031 tax deferred exchange of like-kind property. Seller does not expect that this will inconvenience Purchaser(s), but Purchaser(s) will agree to comply with all reasonable requests related to the administration of the Section 1031 transaction.
Agency: SHERIDANS LLC and its representatives are Exclusive Sales Agents for the Seller.
Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials is subject to the terms and conditions outlined in the Confirmation of Sale Agreement. Announcements and publications made by the Auctioneer and Auction Company at the time of the Auction will take precedence over any previously printed or oral information. The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company. Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this auction marketing information is believed to be accurate, but is subject to verification by all parties relying on it. Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions. Conduct at the auction and increments of bid-ding are at the direction and discretion of the Auctioneer. The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc. All decisions of the Auctioneer are final.

Additional Online Bidding Terms:
PLEASE NOTE: All online bidders agree that they have read and fully understand these terms and agree to be bound thereby:
No Online Bidding Fees: No buyer premiums or other online bidding fees will be charged for online bidding.
Online Bidding: Auctioneer retains full discretion to modify these terms at any time prior to or during the auction. Bidders’ use of online bidding option and bid placement constitutes acceptance and agreement to adhere to these terms. All bidders are responsible for reading all terms and conditions. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations. Auctioneer is not responsible for the failure of any part of the bidding process or internet bidding. "Max bids" will be accepted (i.e. bidders may enter a starting bid with an automatic "not to exceed" bid). The auction will end at the stated time and all "SOLD" tracts will be deemed sold at the same time based on the winning set of bids and upon Seller's confirmation. Bidding increments are at the discretion of the Auctioneer.
Automatic Bidding Time Extension: Any bid placed within five minutes of the end of an auction for any individual tract or combination of tracts will automatically extend the auction for an additional 5 minutes.
Modifications and Technical Difficulties: Auctioneer retains full discretion to modify the date, time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Auctioneer or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridan and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridan nor the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
Bidder’s Agreement: Your use of this online bidding option constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.

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