South St. Louis City Duplex with artistic Mural

Great income potential! All-brick property has two full residences with 2 Bedroom Units and full basement.

Updates include:

• New AV/AC high efficiency units in both apartments - 2012
• New Roof - 2012
• Updated Electric - 2012 & 2014
• New Pex water lines - 2012
• North wall tuckpointed  - 2012
•  New Paint

 2014 P & L

• Rents                                                  $5673
• Utilities                                              <$1806>
• Maintenance & Repairs                    <$1332>
• Equiptment & Appliances                   <$257>
• Fees & Permits                                     <$28>
• Management                                       <$978>
• Net Profit                                            $3078

August - November 2015 Property was left vacant intentionally to expedite a sale

Current Rents

1st floor $525 1 year lease

2nd floor $475 1 year lease

Winning Bidder will have "Due Diligence" period with accepted Contract.

"All offers are to be submitted at www.HouseBrokerAuction.com. A "buyers premium" and “technology fee” will be added to the sales contract. Please read “Terms & Conditions” prior to bidding.”

1. To bid on any of our auctions, buyer must be of legal age 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. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
3. Seller reserves the right to postpone or cancel this auction at any time for any reason.
4. Seller reserves the right to a final review of all bids received.
5. Seller may accept or reject any bid regardless of whether or not there is a reserve or if reserve price has been met.
6. A “Buyers Premium” of 2.7% or $1,500 (whichever is greater) and a "Technology Fee" of $299 will be added to the contract to purchase the property.
7. Buyer’s agent commission of 2.7% is being offered.
8. Buyer’s agent must register their buyer in order to receive a commission.
9. All bids are placed in US Dollars.
10. 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.
11. The bidding will be open and everyone will have access to the bid history during the auction.
12. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
13. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
14. The high bidder will be notified via email after the auction ends.
15. Within 24 hours of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract written by listing agent at the winning bid amount + buyer’s premium and based on the terms described here.
16. Sale is “as-is”, "where-is". Seller will not make any repair requests.
17. Buyer should at their own discretion do any “due diligence” including but not limited to any and all inspections prior to bidding unless otherwise noted differently in auction.
18. When contract is signed, winning bidder will put up $1000 earnest money consideration to be held at Title Company handling the closing.
19. Closing will take place at sellers and winning bidders agreed upon Title Company within 30 days of signing the contract.
20. Winning bidder may, at their option and expense order a title examination and insurance.
21. Seller will include the following personal property in the sale: None
22. Seller will exclude the following real property from the sale: None