Auction Terms & Conditions 1: Patriot Auctions (PA) are agents for the seller, bidders are representing themselves 2: Winning Bidders will place a 15% deposit as a non-refundable down payment in the form of a good check, cash, or wire transfer no later than 24 hours from the close of this auction. Also, to sign a purchase and sale agreement. 3: 10% buyers premium added to the final bid to establish contract price. 4: Each PA auction may have different bidding increments. The software will calculate the next bid amount before submitting bids. 5: Bidders will need to watch their bidding screen to determine the current winning bid. Bidders will recieve a email notice of Outbid but not guaranteed. 6: PA is not responsible for incorrect or missing listing information. PA has attempted to provide accurate information. However it is the bidders responsiblity to conduct any inspection to determine condition. Bidders should complete their own due diligence prior to bidding. 7: PA shall modify detail of this auction for any reason including but not limited to technical issues, emergencies, and convenience of the auction firm or selller. 8: In the event that there are techincal difficulties related to the auction platform, server, or any other auction related technologies PA reserves the right to extend bidding, continue the bidding, or close the bidding. Niether the company providing the software nor PA shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 9: Winning bidders will be required to sign a purchase and sale agreement with in 24 hours of the completion of the auction. 10: The seller shall pay the seller's side of the closing fee and document prep fee. The buyer shall pay the buyers side of the closing fee and document prep fee. The seller shall pay no closing cost for the buyer, including any lender fee's unless otherwise agreed to in the contract for sale of Real Estate. PA will work with any lender or Attorney of your choosing for closing. Closing to be on or before 45 days from the end of this auction. 11: The buyer acknowledges here in that the property is being sold "As Is" with all faults and neither the seller nor PA makes any warranties or representations, express or implied, as to the conditions, square footage, acreage or boundary line of the real property conveyed here in. The seller is not responsible for any repairs. 12: Any buyer or bidder not executing their responsibilities at the conclusion of this auction shall pay PA an amount equal to the Buyer Premium or commission and any expenses incurred for this auction. The buyer shall also pay the seller any damages caused by said breach of contract including attorney fees and cost. If the buyer defaults on any terms laid out in the purchase and sale aggrement in any manner what so ever that the earnest money shall be paid first to PA for commission and expenses and the balance to the sellers. In the event any bidder defaults shall be banned from bidding at any other PA auction. 13: PA resereves the right to reject any and all bids for any reason. PA reserves the right to cancel this auction or remove any lot prior to the close of bidding. 14: All bids are subject to seller confirmation unless noted Absolute. 15: Possesion is with the deed at closing. 16: Property taxes will be prorated at closing unless otherwise noted. 17: This property is subject to any and all easements and restrictions of record. Also the property is subject to all state and local zoning ordinances. 18: The identity of all bidders will be verified. If a complete verification is not possible then PA will reject the bidder and the bidding activity will be terminated. 19: Bidders agree to keep their username and password confidential, as they are responsible for any and all activity involving their account. All bidders must be 18 years of age or older. 20: Auction is subject to bid extension or soft close out.

Patriot Auctions proudly presents this beautiful commercial rental investment opportunity for sale in East St Louis, IL! You have the opportunity to purchase an income producing apartment building for sale. The building was built in 1955 has a total of 3,805 square feet of space and 6 units. 12 Bedrooms 6 Bathrooms. The building is on town water and sewer. Interior flooring consists of carpet and vinyl and hardwood. Beautiful 12 Bedroom 6 Bathroom Commercial property for sale. Yearly taxes of $2918. There are no comparable properties in the area, 3 miles from the city of St. Louis, one of a kind great investment property. What is 6 rents really worth to you? Why earn only one set of rents when you could collect on 6? What could $6,000 a month do for you and your business/ family/ legacy? Located at 1905 Bond Ave, this property is 3.5 miles from The Dome at America's Center as well as the Saint Louis Cardinal's playing at Busch Stadium. They hold Concerts, NHL, Baseball, NFL, Hockey, Conventions, Baseball, etc. Air bnb selling for $150+ on an average night. Local rent average for a 2 bed 1 bath apartment at $800, if you upgraded the kitchen could support $1050 a month per apartment. It can easily be turned into section 8 housing which is a guaranteed check from the government every month for each aprartment. FHA loans, which this property qualifies for, that only require 3.5% down, plus FHA loans are backed by the government. There is the medical school at St Louis University close by that you could accommodate as well. Endless possibilities! Replacement cost on a building of this size today would be $1.2 million+. Start earning money on your investment TODAY. Bid Online Now - Online bidding is now active and runs through Thursday March 1st 2021 @ 4 PM General Terms and Conditions - Winning Bidders will place a 15% deposit as a non-refundable down payment in the form of a good check, cash, or wire transfer no later than 24 hours from the close of this auction. Also, to sign a purchase and sale agreement. The seller will also accept offers and accepts financing as well. To make an offer we can be reached at 480-593-5379, Wendy. Property sold as is where is any and all faults. Buyer is expected to complete their own due diligence. Property is being sold by Online Only Auction with a SOFT CLOSE. Auction starts ending at 4pm on February 28th, 2021. Please note that during the last three minutes of bidding, if a new bid is placed, the clock is automatically extended an additional three minutes. Auction ends once bidding ends.