Bidding Opens: 5PM ~ Tue., June 22, 2021
Bidding Closes: 5PM Tue., June 29, 2021
VIEWING: SUN., JUNE 27 ~ 12-2PM
Fully occupied 8 unit apartment building close to Downtown Belleville and easy access to all the Metro East Amenities. Each unit is 1BR/1BA, with long term tenants in place generating $45,420 yearly rental income. Each tenant pays all their own utilities with the exception of trash. Each unit has its own furnace, central air, water heater, circuit breaker panel and appliances to include washers & dryers. Great opportunity to add to an existing inventory of income generating investment properties.
Bidding Notice:
Property will sell as-is. Information was obtained from sources considered reliable. However, the auction company does not guarantee the accuracy of this information. Said information is subject to change availability or update without notice. Seller/Landlord & Auction Company make no representation as to the environmental condition of the property and recommend that Purchaser/Tenant obtain an independent investigation. Successful bidder will be required to sign an Auction Sale and Purchase Contract.
Auction Notice:
Terms: $5,000 Downpayment on Real Estate; Balance Due in 30 Days; 5% Buyers Premium; Any announcement made day of sale takes precedence over any printed material; List subject to change without notice. Successful bidder will be required to sign an Auction Sale and Purchase Contract.
ALL OUT OF STATE BIDDERS: A $1,500 HOLD MUST BE PLACED ON A VALID CREDIT CARD FOR YOUR BIDS TO BE APPROVED. Please contact our office at 618-234-8751 to set up the required hold.