Multi Family Real Estate Investment Opportunity Culpeper, VA

***AUCTION*** List price is STARTING BID only. Price TBD at live auction on Wed., January 20th, 2021 @ 2:30 PM EST. Commission is contingent upon and will ONLY be paid if Broker Participation Form is received by auction company no later than 5 PM on Tuesday, January 19, 2021. NO EXCEPTIONS! Highly desirable multi family real estate investment opportunity in downtown Culpeper, VA. This property is comprised of approximately 1/4 of a block and is ready to complete "Oak View Condos." The 2 existing homes are currently income producing (month to month), and the one 3 condo unit has been started. All the important and cumbersome legwork is complete, and this wonderful project is awaiting a new owner to take it across the finish line!! Live On-Site Auction w/Live Real Time Online Simulcast Bidding for Your Convenience!! Property Tour: Wednesday, January 13 @ 2:30pm SHARP. 2 existing 2 BR/1 BA income producing homes ($850 each month to month) Home are 2 story, 800+ sf. with living rooms & eat-in kitchens Homes are heated with gas (heat pumps) and cooled with central AC Serviced by public water, sewer & gas The "Oak View Condo" project has been approved for two 3 unit condos (6 condos total). The approval is in place, site work is complete for one 3 unit section, and all 6 water & sewer taps are in place ($100,000 value). The one 3 unit section has the footers, basement and basement walls poured. In addition, the plumbing is roughed in. The 2 existing homes would need to be removed if you desire to begin the other 3 condo units. This property is located only steps from Main St. and all of Culpeper's great restaurants & commerce!! Electricity: Town of Culpeper Light & Power; Internet: Comcast Tax Maps: 41A1 4L 8A, 41A1 4L 8A1, 41A1 4L 8A2, 41A1 4L 8A3, 41A1 4L 8A4, 41A1 4L 8A5 and 41A1 4L 8A6; Oak View Condos; Zoning: R-3; Yearly real estate taxes: $1,200; Homes built in 1938; WE GUARANTEE A FREE & CLEAR DEED Only $300,000 Starting Bid!! FOR REALTORS: if you have been working with a Realtor, please have them click here and complete their broker participation form. In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 5 pm on 1/19/2021, and all terms adhered to. Terms and Conditions TERMS: $20,000 deposit is due immediately after confirmation of final bid and the balance due at closing within 30-45 days (unless prior written arrangements have been made by contacting the auction company. There is a possibility of a lesser deposit if proof of pre approved financing is presented prior to auction. Deposits must be in the form of a cashier's check or certified check (from a US bank) made payable to yourself. A 10% buyer's premium will be added to the final bid, and will become a part of the purchase price. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc. Pre-approved (no later than 5 pm on 1/19/21) broker participation is compensated. Auctioneer's Note: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All auction day announcements take precedence over any previously printed material or any other oral statements made.