AUCTION ID #: 429332 Bookmark and Share
Houston, TX - Multi-Family - Great Potential Cash Flow
Item 429332  
Final Bid: USD $0
Number of Bids: 0
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Reserve: No Reserve!
Status: Closed
Auction Started: 11-17-09    04:00 PM ET
Auction Closed: 11-24-09    03:00 PM ET
Asset Details
Seller Information
Seller Name: papamama
Rating: Not yet rated
Location: 5040-42 Mallow St.
Houston, TX    77033
View Seller's other items
 
 
Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $3,500
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 5040-42 Mallow St.
Houston, TX 77033
United States

Asset Description

 

Multi-Family Home

5040 - 42 Mallow Street

Houston, Texas 77033

 

 
| Bid4assets
5040-42 Mallow St, Houston, TX
 
2BR/1BA Multi-Family, 2 units
 
offered at $6,500
Year Built 1960
Sq Footage Unspecified
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors Unspecified
Parking Unspecified
Lot Size Unspecified
HOA/Maint $0 per month

DESCRIPTION

Buyer is responsible for any liens, encumbrances, bills and back taxes. Seller records show there are back taxes for $3,055.87. Information MUST be confirmed with county.



This Unit 5042 A & B is all brick located in Houston, TX. There are two (2) bedrooms and one (1) bathroom in each unit. The flooring is in poor condition. Interior walls and the ceilings are damaged from being gutted. All copper has been ripped from the walls. The hot water tank is missing. This property was built in 1960.


Local Schools



Primary: Susie E. Tolbert Elementary



Middle: James W Johnson Middle School



High: Stanton College Prepatory School



The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.



All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.



All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

 

 

 
see additional photos below
ADDITIONAL PHOTOS


Front

Exterior 1

Exterior 2

Exrterior 3
Contact info:
 
Bid4assets
For sale by individual owner

 
  Equal Opportunity Housing
 

Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  •