ForeclosureAuctions.com & OhioForeclosures.com > Auctions > 106-111 Dewers St. & 119-125 Fifth St.

106-111 Dewers St. & 119-125 Fifth St.

  • Current Bid:

    $900,000.00

  •  

Auction ID :
#53812
Reserve :
Reserve price not met.
Location :
Posted On :
29th of March 2024 at 3:27 PM ET
Ending On :
30th of April 2024 at 2:00 PM ET
Time Left :

949576

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Property Specifications
Year Built 1972, 1980, 1996
Annual Taxes of record
Lot Size 3.89
Parcel ID 15-07-32-402-015.000-03 & 15-07-32-13-183.000-003
Defendant
File No.
Case No.
Appraisal Amount
City Aurora
Square Feet (per auditor) 29,616
Number of Units See Description
Showings & Availability Yes
Description

Online bidding only. Auction ends Tuesday, April 30 @ 2PM

Prodigy Properties is pleased to present for sale the Aurora Apartments, a unique value-add multifamily investment opportunity. The 32-unit complex consists of five buildings with a mix of 1- and 2-bedroom units.

The complex is currently 16% occupied with remaining tenants on month to month leases. This investment opportunity provides qualified investors the opportunity to immediately begin renovations and improvements to the property.

The property features Ohio River views and is walking distance to downtown Aurora, Indiana. Located between Hollywood and Rising Star casinos and just a short drive to each. Just minutes to I-275 and Lawrenceburg provides convenient commutes for residents to a variety of large employers.

With its prime location, the Aurora Apartments provides an exceptionally attractive opportunity for investors seeking a blank slate to redevelop and reposition a multifamily property.  Online bidding only.  Auction ends on Tuesday April 30, 2024 @ 2:00PM.

A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

Property is available for showings – APPOINTMENT REQUIRED.  Please contact Kurt at [email protected] to schedule a showing, or if you have representation, contact your agent to schedule a showing.  

In order to be granted bidding privileges, prospective buyers must complete and submit the following:

1) Create an account on www.ForeclosureAuctions.com.  Click the “register” button and follow the prompts.

2) Submit proof of immediately available funds of at least the minimum bid of $900,000.  (Should include a current date & buyers name) 

3) Complete & Execute the Purchase and Sale Agreement   Purchase & Sale Agreement – Seminary Ridge  (Once completed it will automatically be submitted)

Send all above items to [email protected]. 1. Prospective Bidders username & associated email for ForeclosureAuctions.com.  2. Current proof of funds letter.  3. Execute above linked Purchase & Sale Agreement.  Once all items have been received we will email back confirming receipt, and update as soon as the buyers account has been unlocked and approved to bid. 

Prospective bidders will be required to execute the attached Agreement For Purchase and Sale and Escrow Instructions in its current form.

Information contained in any advertisement for this property is not guaranteed and should not be relied upon.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Licensed real estate agents seeking a commission MUST meet the associated requirements by properly registering themselves as the agent through the link within each individual auction their client will be bidding on before their client places any bids whatsoever – NO EXCEPTIONS.  The rest will be up to the buyer, as they will have to successfully register themselves as an individual or company, and place their bid(s) on their own.

***** The agent does not place bids on behalf of the buyer *****

Key sale points:

  • The opening bid is $900,000.
  • Property is sold 100% AS-IS, WHERE-IS, with all faults, to the extent any exist.
  • Property is sold subject to any / all code violations, to the extent any exist.
  • Information contained in any advertisement is not guaranteed or warranted.
  • No contingencies will be accepted, except the Seller’s ability to convey insurable title.
  • Property taxes will be prorated and paid off to the day of closing.
  • Absolutely no financing contingencies.
  • Absolutely no inspection contingencies.
  • 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
  • Closing must take place within 21 days of the effective date of the PSA
  • 10% Deposit must be wired to Safe Title Agency, Inc no later than 5pm May 1, 2024
  • The terms of the sale are fully set forth in the Agreement and are not negotiable
  • Seller reserves the right to accept or reject any bid, or cancel the auction, at any time, for any reason, without notice. 

Posted Bids
No bids placed yet.
Map Location

In order to bid on this property you must pre-authorize a deposit of $ on your credit card. NO hold will be placed on your credit card and your credit card will NOT be charged, UNLESS you are the high bidder and do not pay the required deposit within 24 hours of the advertised auction end. A $200 administrative fee will be added to any deposit that is charged to a credit card.