THIS IS A COMPLETED SALE
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View current listings by this company
44 unit Apartment/Condo Multifamily Complex For Sale!
Previous Page Listing ID#: 225364
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Auction Location |
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Montgomery, TX 77356 |
Auction Dates and Times |
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Bidding Starts: Tuesday Sep 29, 10:30 AM Bidding Ends: Tuesday Sep 29, 11:00 AM |
Auction Type |
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Company Information |
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Mark C Thomas Auctioneer Inc GoToAuction.com ID#: 5838 View company information and listings |
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Listing Terms and Conditions |
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1. 12% Buyer’s Premium added to the winning bid price to determine total contract price.
2. No minimum bid. Final bid subject to seller confirmation.
3. Auction is ONLINE ONLY.
4. Extended online close: If a bid is placed in the last 5 minutes, the auction will automatically extend an additional 5 minutes.
5. Current price listed on MLS or other websites is not deemed a selling price. Many websites will not allow auction only listings.
6. Cooperating broker participation is offered. Contact the auction company to register your client and receive the terms. Real estate agent MUST register client prior to client’s first bid.
7. Closing & payment: High bidder (purchaser) must remit 10% non-refundable payment of the total contract price on auction day to Auction Escrow & Settlement. Balance to be paid at closing within 30 days. Purchaser must sign a non-contingency contract to close within 30 days of the auction date. Seller maintains the right to extend closing an additional 30 days.
8. Seller/owner/creditor reserves the right directly or through directing the auctioneer to recover equity and/or liquidate debt by placings bids on their behalf up to or equal to a level necessary to guarantee clear title with no tax issues, liens or encumbrances.
9. Disclaimer: Acreage and square footage dimensions are based on information provided by seller and are believed to be correct; however, purchaser &/or purchaser’s agent/broker shall bear responsibility to confirm all calculations prior to the sale. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. All information provided or contained in a brochure was derived from sources believed to be correct but are not guaranteed.
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Listing Information |
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Inverness II at Walden: 44 unit Apartment | Condo Multifamily Complex on 1.5+/- acres13151a Walden Rd, Montgomery, TX 77356Online Only Auction ends Tuesday, September 29th at 11am | Visit AuctionSection.com8 – 2 bedroom units | 36 – 1 bedroom units | Less than 2 miles from Margaritaville!Complex has a swimming pool and faces the golf courseCurrently being operated as apartments. New owner has option to operate as apartments or condominium regimeOne bedroom units currently rent for $750/monthTwo bedroom units currently rent for $850/month5 of the one bedroom units need refurbishment and are not currently rentableCurrently 5 vacancies in addition to the 5 units for refurbishmentALL TERMS AND TIMELINE SUBJECT TO BANKRUPTCY COURT APPROVALProperty Showing by AppointmentCall/text Mark – 713.594.1576 or mthomas@auctionsection.com
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