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16 Unit Apartment Building
Previous Page Listing ID#: 1384634
Property Location |
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1127 13th Street WV Huntington, WV 25701 |
Auction Location |
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Huntington, WV 25701 |
Auction Dates and Times |
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Thursday Apr 14, 2022 Completed |
Auction Type |
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Live Auction with Online Bidding VIEW ONLINE CATALOG |
Company Information |
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Joe R. Pyle Complete Auction & Realty Service Contact: Alan Heldreth Phone: 304-592-6000 Email: info@joerpyleauctions.com Website: www.joerpyleauctions.com GoToAuction.com ID#: 1658 View company information and listings |
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Listing Terms and Conditions |
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Terms and Conditions:
1. The successful bidder (“Purchaser”) shall pay a Ten Percent (10%) nonrefundable down payment payable to the Trustee immediately after the conclusion of the auction with balance due and payable within thirty (30) days from the date of the sale payable by certified check, cashier’s check, or wired funds. In addition to the sales price, the Purchaser will be responsible for a ten percent (10%) “Buyer’s Premium” which will be added to the final bid amount and due at time of sale payable to Joe Pyle Auction & Real Estate Services LLC to determine final aggregate contract price. Remote and/or online bidding may also be permitted. Please contact the auction company in advance of the sale to arrange for remote bidding, if available. If remote and/or online bidding is permitted and the successful bidder participated remotely and/or online, the down payment and buyer’s premium must be paid in full within twenty-four hours of the conclusion of the sale or the Trustee reserves the right to reject the bid.
2. The sale of the Property will be made subject to all matters having priority over the deed of trust referred to herein including but not limited to any and all assessments and taxes against said property, all prior liens, encumbrances, lease, restrictions, covenants, conditions, rights of way and easements of any nature whatsoever.
3. The Property will be sold in “AS IS” condition. No representations and warranties of any kind or character are made including, but not limited to, the condition of the Property or the title to the Property to be conveyed.
While the Auctioneer, at his discretion, may disclose what information he has been able to obtain regarding the Property (i.e. rooms, sq. footage, etc.), such unverified information should not be construed as giving rise to any representation or warranty.
Trustee cannot and will not make any representation and warranties concerning the Property as it is the responsibility of each Purchaser to perform such due diligence as the Purchaser wishes to undertake regarding the Property prior to the Sale.
4. Obligation of the Purchaser. The Purchaser shall:
• At the conclusion of the Sale, once the bid has been approved by the Lender, the Trustee will execute a Memorandum of Sale (“Contract”) reflecting the amount of the bid, the Auctioneer’s commission and the terms and conditions of the Sale as described herein.
• Tender the purchase price in accordance with the terms described herein.
• Be responsible for recording the trustee’s deed upon receipt and for paying the transfer taxes imposed by Code § 11-22-2.
• Pay any outstanding real estate taxes owed.
• Be responsible for removing any existing tenant or person occupying the Property or any personal property left on the Property.
5. Additional Rights.
• The Trustee reserves the right to adjourn the sale, for a time, or from time to time, without further notice by announcement at the time and place of the sale described above.
• The beneficiary of the Deed of Trust and holder of the note secured by the Property (“Lender”) reserves the right to submit a bid for the property at the sale, which bid may be in the form of a credit bid.
• Lender reserves the right to accept or reject the final bid.
6. Memorandum (Contract) of Sale.
Upon conclusion of the sale, a Memorandum of Sale/Contract will be executed by the Trustee and Purchaser reflecting the sale of the Property, the purchase price, and the terms of the sale described herein.
7. Purchaser’s Default.
In the event the Purchaser breaches the Contract the Trustee at his sole discretion shall have the following rights and remedies:
(1) The Trustee may re-advertise and proceed to resell the Property pursuant to the Deed of Trust; or
(2) The Trustee may convey the Property to the next highest bidder if such bidder will honor his bid; or
(3) The Trustee may file suit to enforce specific performance.
8. Trustee’s Inability to Perform Contract.
If the sale is set aside for any reason, the Purchaser at the sale shall be entitled only to a return of the amounts paid. Purchaser shall have no further recourse against the Lender, the Trustee or their attorneys or agents.
9. Miscellaneous.
Only the Real Property described in the Deed of Trust is being sold.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Trustee, their representatives and auctioneer shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
Joe R Pyle WV212
Charlotte Pyle WV2174
Alan Heldreth WV2224
Jordan Kiger WV2246
Bob Stewart, Jr WV825
Bob Stewart, III WV1292
Todd Short WV1649
Tia Wolski WV 2351
Joe Panico WV 2353
Ethan Moore WV 2354
Taylor Ramsey WV2352
Joe Panico WV WV2353
Nick Dawkins WV2410A
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Listing Information |
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SECURED PARTY REAL ESTATE AUCTION
Thursday, April 14th at Noon
Registration Begins at 11:30AM
AUCTION HELD AT THE CABELL COUNTY COURTHOUSE
Property Address:
1127 13th Street
Huntington, WV
16 UNIT APARTMENT BUILDING
Located Near Cabell Huntington Hospital, Marshall School of Pharmacy and Ritter Park
Summit House Apartments
4 Story Masonry Multi-Tenant Building
Full Lower-Level Garage
21,384+/- SF Above Grade
5,568+/- SF Below Grade
Built in 1974
15 – 2 Bedroom/2 Bath Units
1 – 1 Bedroom/1 Bath Unit
Monthly Rent Approx. $950/Unit/Month
14 Garage Parking Spaces
20 Additional Off-Street Parking Spaces
Laundry Services in Basement
Brick Exterior
Rubber Roof
Each Unit has Electric Central Heat and AC Unit
Secured Coded Entry
100% Leased as of December 2021
Property has been well maintained and updated when needed
CABELL COUNTY District 5, Map 45, Parcel 220
Legal Description: BLK 2 LT 12-13 SO SD AND 1127 13TH ST
All information derived from public records.
Directions: From I64, take Exit 11. Continue on Hwy 10N/16th Street for 1.4 Miles. Turn left onto Washington Blvd, continue onto Enslow Blvd, Continue onto 12th Street. Turn right toward 13th Street. Turn left at the 1st cross street onto 13th Street and the destination will be on the left.
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
Charlotte Pyle WV2174
Alan Heldreth WV2224
Jordan Kiger WV2246
Bob Stewart, Jr WV825
Bob Stewart, III WV1292
Todd Short WV1649
Tia Wolski WV 2351
Ethan Moore WV 2354
Taylor Ramsey WV2352
Joe Panico WV WV2353
Nick Dawkins WV2410A
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