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4-Plex 2 bedroom 2 bath Great Location
Watch this Listing
Listing ID: 112794 
Status: Deleted
1017 SE 39th Terrace ~ Cape Coral, FL Multi-Family 2-4 | Tenant Occupied
Current Bid: $140,000  (Reserve NOT Met)
Number of Bids: 12 Bid History
High Bidder: RE/MAX Downtown
Time Remaining
DaysHoursMinutesSeconds
- - - -
 
Bidding Opens: Jan 31, 2010 2:56 PM
Bidding Ends: Jun 04, 2010 7:00 PM  (Central)
Starting Bid: $1
Contact: Gidget Jackson
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Rental Info


Contact Information
Contact Type: Listing Realtor
Contact Name: Gidget Jackson
Agency Name: RE/MAX Downtown
Contact Phone: 239-410-1808
Showings: Call for Appointment


Address Information
Street Address: 1017 SE 39th Terrace
City: Cape Coral
State/Province: FL
Postal/ZIP Code: 33904
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Multi-Family 2-4
Category: Tenant Occupied
Square Footage: 3,393 (Approximate)
Lot Size: 120x125
Year Built: 1979
Taxes: $3,908
MLS/FMLS ID: 200958004

Picture Gallery

Description
This is a short sale. Well maintained 4 plex all units 2 bed 2 bath, spacious units great rental record, large lot in very nice neighborhood. Close to shopping and downtown Cape Coral. Mature landscaping and separate city water and electric meters to all units. All assesments paid. PLEASE DO NOT DISTURB TENANTS!

Rental Information
Total Units: 4
Units Rented: 2
Monthly Income
Total Rent: $2,500
Additional Income:
 Monthly Expenses
Insurance:
Property Mgt. Fee:
Utilities:
Additional Expense:

Bidding History
BidderBid AmountBid TimestampAuto-Bid
RE/MAX Downtown$140,000 Mon - May 31, 2010 07:02:37 AM
Ramon$99,150 Wed - May 19, 2010 01:50:18 PM
Brian$98,200 Thu - May 13, 2010 07:10:43 PM
Ramon$97,700 Tue - Apr 13, 2010 02:03:44 PM
Denis$96,000 Sat - Apr 03, 2010 01:41:40 PM
Ralph $95,500 Thu - Mar 25, 2010 06:20:27 PM
Robin$95,000 Thu - Mar 25, 2010 06:05:47 PM
EDDY$35,000 Wed - Mar 24, 2010 08:59:53 PM
EDDY$30,000 Wed - Mar 24, 2010 08:59:21 PM
EDDY$25,500 Wed - Mar 24, 2010 08:59:01 PM
EDDY$25,000 Wed - Mar 24, 2010 08:58:26 PM
Ted$5 Wed - Mar 24, 2010 08:16:21 PM

Questions
 
Question: what is the reserve amount? do the 2 tenants have a long-term lease? is the rent reported for the 2 units? has anything been updated?when was roof replaced?
Answer: Due to the status of the sale the tenants have moved. The units in general are in good shape to re-rent. One of the units has been rennovated with granite counter tops, new appliances and other upgrades. The seller was working through upgrading all of them in time.
Question: could you tell how many bedrooms and baths per unit? Also, it shows 2 rented and the total rent of 2500, what is the rent per unit and how long are the contracts for that are rented? Thanks much, Curt
Answer: There are two bedrooms and two baths per unit. No rental contracts at this time.
Question: Do the 4 units have appliances ? Please give me a breakdown if possible
Answer: The units have appliances. I'll work on the breakdown.
Question: Are assessments paid?
Answer: Yes
Question: Are there any liens against the property or unpaid back taxes?
Answer: These items will be paid or satisfied by Seller and/or Seller's lender at closing.
Question: What is the reserve amount?
Answer: The reserve amount is set by the Seller and is undisclosed. It is suggested Buyer's bid to an amount they believe is a reasonable offer based on motivation to buy and considerations of value in the existing market.

Terms

AUCTION EXTENDED...RESERVE NOT MET!


NOW OPEN TO ALL BIDDERS!  MAKE YOUR BEST OFFER!
AUCTION MAY BE EXTENDED UNTIL RESERVE PRICE IS MET.

  1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  2. All bids are placed in US Dollars.
  3. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  4. The bidding will be open and everyone will have access to the bid history during the auction.
  5. As the auction nears the ending time and the reserve has been met it will auto-extend until bidding is silent for 1 minute.
  6. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  7. The high bidder will be notified via email after the auction ends.
  8. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  9. Sale is “as-is”, "where-is". Seller will not fix anything unless indicated otherwise for that particular auction.
  10. At least 2 business days prior to the auction close, bidders are required show proof of funds or obtain loan pre-approval from the approved lenders listed on this site.  See "Buyer-Offer Procedures" for details. 
  11. Closing will take place at seller's agreed upon title company within 30 days of signing the contract unless indicated otherwise for a particular auction or if a short sale due to seller's lender delay.
  12. When contract is signed or if a short sale approved by seller's lender, winning bidder will pay $5000 earnest money to be held at title company handling the closing.  Earnest money deposit is non-refundable after all contingencies to the contract have been met.
  13. Winning bidder may, at their option and expense order a title examination and insurance prior to closing.
  14. Seller will include the following personal property in the sale: None
  15. Seller will exclude the following real property from the sale: None
  16. All Buyers are to get pre-approved prior to bidding whether cash or financing.  See the tab marked "Buyers-PreApproval for more details.
  17. All offers must be submitted on contracts provided by the listing agent for the property  and are available for review as attachments to the particular auction.  All offers are required to include the loan pre-approval or proof of funds.  Go to "Buyers-Offer Procedure" for details.
  18. Many of the properties listed on this site are short sales and subject to lender, trustee and sometimes seller approval which may result in delays.  Although we make our best efforts to disclose the status of the sale under these circumstances we can not guarantee the time frames we cannot control.
  19. Buyers reaching the minimum reserve amount may call the listing agent and request a "Call" on the bid.  We will then move the bid date back to 72 hours and allow other interested parties to bid.  The Buyer winning the bid will then go to contract rather than waiting to posted dates for the auction to end.  This expedites the sale process and gives everyone an opportunity to purchase the property.
  20. All short sale auctions are subject to buyer inspection

FOR MORE INFORMATION CONTACT: GIDGET JACKSON 239-410-1808 or EMAIL: gidgetjackson@gmail.com

Buyer Premium: 1.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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1490

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