AUCTION TERMS AND CONITIONS FOR UPCOMING AUCTION WILL BE CONSIDERED PART OF THE BUYERS CONTRACT.

TERMS AND CONDITION FOR REAL PROPERTY AUCTION APRIL 12TH THROUGH APRIL 20TH, 2021.
FOR THE PROPERTY LOCATED AT 435 BEASLEY STREET, ELIZABETHTON, TN 37643. PARCEL ID # 041F E 012.00.

10% DOWN DUE IMMEDIATELY UPON SIGNING OF CONTRACT. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT UPON ACCEPTED BID BY SELLER.


THERE IS A 5% BUYERS PREMIUM FOR THIS AUCTION.


CLOSING TO TAKE PLACE WITHIN 30 DAYS OF CONTRACT SIGNING. EARNEST MONEY DEPOSIT WILL BE FORFEITED IF BUYER DEFAULTS ON THE CONTRACT. A $10,000.00 DEPOSIT MUST BE PRESENTED TO THE AUCTION COMPANY PRIOR TO BEING APPROVED FOR BIDDING. IF YOU DO NOT HAVE A WORKING RELATIONSHIP WITH THE AUCTION COMPANY THEN YOU WILL NOT BE APPROVED TO BID UNLESS A CHECK OR BANK WIRE OF FUNDS IS PRESENTED BEFORE THE END OF BIDDING TIMELINE.


THE SELLER OR AUCTIONEER WILL NOT BE RESPONSIBLE FOR ARRANGING ANY FINANCING. PLEASE MAKE SURE YOU HAVE THE NECESSARY RESOURCES BEFORE BIDDING. 2021 PROPERTY TAXES WILL BE PRORATED. SELLER WILL FURNISH DEED. BUYER(S) WILL PAY ANY OTHER EXPENSES.


SUBJECT TO ANY EXISTING EASEMENTS, CLAIMS OF EASEMENT OR RESTRICTIONS, ZONINGS, RIGHT OF WAYS OR ANY OTHER MATTERS NOT OF RECORD. INCLUDING ALL ROAD, WATER, SEWER AND POWER LINE EASEMENTS IF ANY.


PROPERTY IS SELLING WITHOUT A CURRENT SURVEY AND SELLS BY TAX DATA ONLY.


OWNER OR RUSS SWANAY REAL ESTATE OR AUCTIONEER WILL NOT BE HELD LIABLE FOR ANY PRESENT OR PAST ENVIRONMENTAL HAZARDS, SINKHOLES, OR ANY OTHER MATTERS THAT MAY AFFECT THE MARKETABILITY OF THE PROPERTY. PROPERTY WAS BUILT BEFORE 1978, BUYER HAS THE RIGHT TO DO A LEADBASED PAINT INSPECTION, HOWEVER, THE SELLER WILL NOT "CURE" ANY LEADBASE PAINT ISSUES.


THERE IS NO WARRANTY, EITHER WRITTEN OR IMPLIED ALL IMPROVEMENTS ARE BEING "SOLD AS IS." OWNER WILL TRANSFER THE PROPERTY WITH A WARRANTY DEED. IT IS THE BUYERS RESPONSIBILITY TO PAY FOR THEIR OWN TITLE OPINION AND RECORDING FEES.


AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID CONSIDERED TO NOT BE IN THE BEST INTEREST OF THE SALE. PROPERTY BEING OFFERED WITH A RESERVE.


THE AUCTIONEER NOR THE OWNER, WILL NOT BE HELD LIABLE FOR ANY ACCIDENTS THAT MAY OCCUR ON THE PREMISES.


RUSS SWANAY REAL ESTATE P.A.L. # 4465 112 SOUTH ARMED FORCES DRIVE ELIZABETHTON, TN 37643 PHONE (423)543-5741 AUCTIONEER: DAVID COLLINS

ONLINE ONLY AUCTION BIDDING STARTS APRIL 12TH AND ENDS ON APRIL 20TH @ 6 P.M. 435 BEASLEY STREET, ELIZABETHTON, TN 37643 6 UNIT APARTMENT BLDG IN THE CITY LIMITS. AUCTIONEERS NOTE: Six Unit Apartment building, located in the heart of downtown Elizabethton. Historically, there has never been a problem finding good tenants for this apartment complex, with downtown Elizabethton, the Tweetsie Walking Trail, The Elizabethton Senior Citizens facility, the Carter County Health Department, Harold McCormick Elementary School and the famous Elizabethton Covered Bridge all located with a one to two block walk away. The complex consists of five two bedroom units plus a one bedroom unit The original four unit building is all brick construction. The two apartments at the rear of the building were a newer addition to the complex and offers vinyl exterior siding. Brand new roof in 2020. Large paved parking lot plus a covered picnic area with covered barbecue pit for the tenant's use. This is one of the best located apartment complexes in the City and offers an excellent rental history. At a time when rental rates are through the roof, this ideally located and quality built apartment complex is an excellent investment opportunity. TERMS AND CONDITIONS: 10% down at contract signing. Closing to be within 30 days of contract signing. If you do not have a working relationship with our auction company, you will need to provide a $10,000.00 deposit before you will be approved for bidding. See additional terms and conditions at our bidding URL. There will be a 5% buyers premium added to the final bid to determine final contract price. Buyer may obtain a lead based paint inspection, but results are not contingent to closing. RUSS SWANAY REAL ESTATE OFFERS COMPLETE AND COMPREHENSIVE REAL ESTATE AND AUCTION SERVICES. VOTED # 1 BY THE READERS CHOICE OF CARTER COUNTY FOR BEST AUCTION AND REAL ESTATE FIRM.