Real Estate Investment Home for Sale in VA

This great starter or investment home features 1,176 sq ft of living space. There are 2 bedrooms, one on each level, and 1 bath on the main. The den area is great for relaxing or extra storage. Home features an attic space in the eaves, which is great for extra storage. The main level bedroom has a gas wall heater, the dining room has a vented gas space heater, and the upstairs is heated by rising heat through floor vents. Home features hardwood floors on the main level and carpet upstairs! In 2014 the home underwent several upgrades including a new roof, new heater system and the kitchen and bathroom were remodeled. Home sits on +/- 0.172 acres in the City of Martinsville. The large backyard is ideal for children or pets to run and play on! Enjoy the long front porch for relaxing on in the evenings. This home would be a wonderful first home or investment property. Home is currently rented at $550 per month. BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one offering (home) will need to be high bidder on all offerings (homes) desired. Each offering will stay open until all bidding is complete, and all offerings will close simultaneously. BUYER'S PREMIUM - TEN PERCENT (10%): Buyer's Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer's Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer's premium = total purchase price of $110,000). Buyer's Premium is not due until closing. PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that "an offer" has been submitted and on which specific property, however the amount of the the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller's acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder's Agreement, maps, sample contracts, and property information. TERMS & CONDITIONS: 10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 per tract is required on the day of sale. Close on or before May 28th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on April 12th, 2024. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms.