Have you ever been interested in obtaining income properties? Here is your chance to have multiple income properties at the same time. There is a total of 3 properties in these two auctions. There is a duplex with both dwellings and a 3-4 bedroom home available.
10746 Cambridge is a 3-4 bedroom home. It has a new HVAC system that is 2 months old, plumbing is there for the bathroom and kitchen. The bonus/family room could also be a 4th bedroom. Ready to have the finishing touches to make this a great rental or flip home. New paint on the exterior. Ranch home in a great neighborhood. Large laundry room. Nice sized bedrooms and large living room.
5548 and 5550 Wabash. 5548 Wabash is a 2 bedroom,1 bath dwelling. Update needed on both 5548 and 5550. New roof installed in 2017, New vinyl siding in 2017, new furnace for 5550 in 2017, 5548 needs an HVAC system. Vinyl windows, wood floors. Only 5548 is available to show currently.
Do you have real estate to sell?
Is your property better suited for a real estate auction, or traditional real estate listing?
Whether you are in the Kansas City area, or anywhere in Kansas or Missouri, Mayo Auction and Realty will help you understand what method of selling your real estate is best for you.
Deposit: The winning bidder is required to bring a deposit of $5,000.00 to our office and execute a purchase agreement the next business day following the conclusion of the auction. Deposit must be in the form of wire transfer, cashiers check, personal check with a bank letter of guarantee or cash.
Buyers Premium: A 10% buyer's premium will be added to the final bid. If you bid $10,000.00 the total sale price will be $11,000.00.
Possession: Closing will take place no more than 30 days from the day of the auction. The seller at closing will convey good and marketable title. Buyer & Seller will be responsible for customary closing costs issued by the title company.
Easements: The sale of this property is subject to any and all easements of record.
Real Estate Taxes: Real Estate taxes shall be prorated to date of possession.
Purchase Agreement: The successful bidder shall execute a purchase agreement the following business day after being declared the winning bidder by the auctioneer. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing.
Terms: The property is being sold “AS IS, WHERE IS” without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries and due diligence concerning the described property. The seller is a licensed real estate agent in the state of Missouri.
Agency Disclosure: Mayo Auction & Realty is the selling agent and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction.
Financing: Terms for this auction are cash. The seller is offering no other terms or contingencies. Therefore the buyer may NOT purchase this real estate subject to loan approval.
Broker Participation: Mayo Auction & Realty encourages Broker/Agent participation. To qualify for a three percent (3%) Buyers Agent Commission, all Agents must register their client 24 hours prior to the auction. Bring your buyers. This is a good opportunity for you & your buyer. We teach you everything that you need to know about the auction process.
Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we do accept backup bids. If you are not the winning bidder and would like to make a backup bid. Please call our office for the necessary paperwork.
Dynamic Closing: The closing time of an asset is automatically extended an additional 5 minutes whenever a bid is placed within the last 5 minutes of the asset's closing time.
Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the condition of the items and bid accordingly. Descriptions are believed to be accurate but not guaranteed. When you are not certain of the condition or use of an item, please bid accordingly.
Catalog Discrepancies: You are bidding on the described item, not the photograph, occasionally the wrong photo may be displayed, always read the item description.
The auctioneer reserves the right to add or remove items from the auction; split or combine lots; add minimum bids or reserve prices; cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times