Quadplex for
Sale at Auction in Patrick County VA
Searching for your next investment opportunity? Check out
this quadplex, which was built in 1986, that is for sale. There are three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit. All units have luxury vinyl plank flooring throughout, except for the kitchen which
is tile. The building is served by electric baseboard heat, well and private septic system. The exterior is finished with a metal roof and vinyl siding. The
2 bedroom units are currently rented for $550 and the 1 bedroom unit is rented
for $400. This quadplex is a modular construction home.
Online Auction Ends Wednesday, May 21st,
at 4 PM
2209 Cloudbreak Rd., Meadows of Dan, VA 24120
Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for Property Video
CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or
email Gallimore.Matt@gmail.com.
You can also contact Realtor Booie DeHart at 276-952-5061 or email BooieD@yahoo.com
DIRECTIONS: From Stuart, VA – take US-58 W to a right onto
Cloudbreak Road. Follow Cloudbreak Road for approximately 2.5 miles. Property
is on the left, see signs.
BIDDER PACK: Download Bidder Pack for complete
information. 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.
SOFT CLOSE: If a bid is received within the last
2 minutes of the auction or after 4 PM, the auction close time will
automatically extend 2 minutes to allow other bidders an opportunity to
competitively bid prior to the auction closing. This feature eliminates
“snipers” and encourages fair and impartial bidding from all participants.
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 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.
