Thursday, June 23, 2022
McCurdy Real Estate & Auction
E. Madison Ave & Rock Rd - South to Osage, West to Property
*Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $35,000. $35,000 anticipates closing on or before 30 days from the date of sale. A 45 day close is available at the discretion of purchaser with deposit of $50,000 in earnest money at the time of contracting.
ONLINE ONLY!!!Don't miss out on this wonderful opportunity to own a commercial office buildingin Derby!
- Brick exterior with 5 separateentries
- Each suite has a bathroom, kitchenette, and private offices
- Zoned Neighborhood Business District
- Paved parking lot for up to 25 vehicles
- Suite 100 is approximately 1,300 sq ft and was previously rented for $1,625 per month.
- Suite 200 is rented for $1,300 per month until 06/07/2022 and will be vacant at closing
- Suite 300 & 320is rented for$1,500 per month until 3/31/2025
- Suite 400 is rented for$1,563.75 per month on a month-to-month basis.
- Totalmonthly income at the time of sale $3,063.75
- Potentialmonthly income whenfully rentedis approximately $6,000
Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, June 7th, 2022 at 2 PM(cst)|BIDDING CLOSING: Thursday, June 23rd, 2022 at 2 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.$35,000 anticipates closing on or before 30 days from the date of sale. A 45 day close is available at the discretion of purchaser with deposit of $50,000 in earnest money at the time of contracting.