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Triplex Investment in Belleville
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Listing ID: 120836 
Status: Ended
22 North 9th Street ~ Belleville, IL Multi-Family 2-4 | Urban Residential
Starting Bid: $45,000  (Reserve NOT Met)
Number of Bids: 0 Bid History
High Bidder:
 
Bidding Opens: Dec 13, 2023 9:59 AM
Bidding Ends: Jan 10, 2024 3:00 PM  (Central)
Starting Bid: $45,000
Contact: The Auction House Co
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Comparable Sales


Contact Information
Contact Type: Listing Agent
Contact Name: The Auction House Co
Agency Name: The Auction House Company
Contact Phone: 618-344-3545
Showings: On Lock Box


Address Information
Street Address: 22 North 9th Street
City: Belleville
County: St. Clair County
State/Province: IL
Postal/ZIP Code: 62220
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Multi-Family 2-4
Category: Urban Residential
Square Footage: (Approximate)
Lot Size: Lots 165 & 186
Year Built: 1914
Taxes: $2,291
MLS/FMLS ID: 23073524

Picture Gallery

Description

This is a great opportunity to have steady income from three apartments, with one apt being occupied.  Apts A & B are move in ready.  Apt C has a long-term tenant.  Apt A is a 1 bedroom, 1 bathroom.  Apt B is a 2 bedroom, 1 bathroom.  Come to the Open House on Saturday, 12/16/2, @ 10am - 12pm.  This is a great investment opportunity as rental property with one long term tenant income guaranteed at purchase of property.  Apt C is not available to view due to being occupied by long term tenant. 


Comparable Sales
AddressSales PriceSales DateURL / Link
25 N 9th St., Belleville, IL$62,500  Click for More Info

Bidding History
BidderBid AmountBid TimestampAuto-Bid
----- No Bids for Auction -----

Questions
 
----- No Questions -----

Terms
  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. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
  3. Highest bid is subject to seller approval.
  4. A 10% Buyers Premium will be added to the final bid price as a buyers premium on the property.  Earnest money deposit of $1000 shall be held at title company handling the closing.
  5. Buyers Premium and Earnest monies shall be paid day of Sale.
  6. All bids are placed in US Dollars.
  7. All bidders are to upload the proof of funds, during preapproval process, before bid is placed.  Buyers premium is nonrefundable and due within 24 hours day of auction close or paid at Closing, if needed. The Winning bidder will be asked to sign a sales contract at the winning bid amount and based on the terms described here.  
  8. 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.
  9. The bidding will be open and everyone will have access to the bid history during the auction.
  10. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  11. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  12. The high bidder will be notified via email after the auction ends.
  13. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  14. Sale is “as-is”, "where-is". Seller will not fix anything.  Property sells with no contingencies.
  15. All inspections, surveying, due diligence are the sole responsibility of the buyer.
  16. Closing will take place at Columbia Title in Columbia, IL on or about 30 days of signing the contract.
  17. Winning bidder may, at their option and expense order a title examination and insurance.
  18. All Sales are Final.
Buyer Premium: 10.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

Number of Views
245

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