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Auction Details

CRESTVIEW, FL: MOBILE HOME PARK, CABIN & 4 BR SFR

SOLD $175,000

Photos

Cavalier Drive

Brief Description

Auctioned property includes T & H Mobile Home Park (6 mobile homes); a small cabin and 4 bedroom residence. Excellent cash flow opportunity.....

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Details

  • SOLD PRIOR TO AUCTION
  • 6 mobile homes very nicely renovated and updated; Rent: $700/mo each
  • 1 cabin - 732 sf livable area built in 1990; Rent: $700/mo.
  • 1 single family residence - 1,704 sf livable area, 4 br built in 1958; Rent $775/mo
  • Site Area:  1.73 acres
  • Note:  The county property appraiser link incorrectly depicts subject parcel. A portion along the southern boundary has been cut from this tract.  Refer to the attached survey (1.73 acres) for the correct parcel to be auctioned. 
  • 2009 Taxes:  $1,494.70 
  • Electric avgs $135/month per property for mobile homes and cabin - Owner pays; tenant pays over $150; Single Family Residence tenant pays electric
  • Water - deep well
  • Sewer - septic tank
  • All occupied presently at above rental except 1 mobile home is vacant

Gallery: Cavalier Drive

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Auction Terms

Real Estate Terms:
The high bidder will be required to place a bid deposit equal to 10% of the amount bid. To register to bid you will need a cashier's check or a bank letter of credit in the amount of $1,000. This check will be handed back to each unsuccessful bidder at the conclusion of the sale.  Buyers will pay all closing costs with the exception of the title insurance, which the seller shall provide.  Taxes and insurance shall be prorated. 

Buyer’s Premium:
A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid. The cashier's check that is required to register to bid can be used towards the 10% down.

Broker Participation:
All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. NREAG will be happy to pay a commission to the Florida licensed and qualified broker whose properly registered buyer is the successful bidder at the auction and closes on the sale. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out, signed and notarized). The form may be obtained by calling 850-269-7653 or by visiting our homepage on our website atwww.nreag.com. This form must be submitted to the NATIONAL REAL ESTATE AUCTION GROUP no later than 24 hours prior to the Auction.

Closing:
The closing shall take place not later than thirty (30) days after the auction at the offices of:
McNeese Title, 36468 Emerald Coast Parkway #1201, Destin, Florida 32541 (850) 337-4242
You must bring either a Cashier’s, Certified Check or wired funds at closing. No purchase shall be contingent on financing or any other contingencies.

Disclaimer:
Announcements made at the auction supersede all printed material. All information included herein was derived from sources believed to be correct, but is not guaranteed

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AuctionServices
Specializing in the rapid liquidation of real estate utilizing the auction method, our team creates an aggressive marketing plan featuring a blend of online, direct mail and targeted media to maximize a property's exposure. National Real Estate Auction Group is set up to provide clients the highest possible level of service by focusing on details to guarantee each aspect of the auction is conducted professionally, ensuring the best chance of success at the highest possible price on auction day.

12598 Emerald Coast Parkway, Suite 201 • Miramar Beach, FL 32550 • 850-269-SOLD (7653)