This is an absolute auction; high bidder takes it all, no reserve.

1642 RICHMOND AVE. SE, ATLANTA, GA 30315

Parcel #14-0040-0001-003-3

Zillow Estimate $301,500

Great investment property!

BUY it NOW for your investment portfolio!

Rent it $$$ Fix it up and Flip it $$$ for Instant profit! Buy for monthly CASH FLOW, tax write off, instant equity and start building your nest egg. NOW is the time to add this great property to your real estate portfolio!

Located 10 minutes from the Atlanta Airport and 5 minutes from beautiful downtown Atlanta. This single family home offers 4 bedrooms, 1 bathroom, and a large backyard.  Located in Fulton County Georgia, it has approximately 2100 sq. ft of expanded living space. 

Neighborhood:

Lakewood Heights/Southeastern Atlanta

Fantastic Neighborhood Comps!

1147 White Oak Ave SW
$70,000
Sold on 04/21/08
Built in 1920
1137 White Oak Ave SW
$85,000
Sold on 10/26/08
Built in 1950
1081 Arlington Ave SW
$235,000
Sold on 04/14/08
Built in 1920
1106 Ogelthorpe Ave SW
$226,500
Sold on 06/17/08
Built in 1920
1095 Indale Place SW
$75,000
Sold on 09/12/08
Built in 1955

Local Schools:
Primary: University Community
Middle: Brown Middle School
High:  West end Academy
College: Georgia State University, Spelman College

 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, judgements and inspections of the assets in making the decision to purchase the asset.

Settlement:  There is a $195.00 deed processing fee.

Buyer is responsible for all liens and encumbrances.

You are bidding on the full purchase price. A 10% non-refundable deposit is due within 48 hours. Full payment is due within 14 days of close of auction. There is a 2.5% buyer's premium associated with this auction.

  

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.

Bid4Assets Real Estate Buyer Responsibilities

Bid4Assets reminds all potential bidders on real estate 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, and b) the satisfactory completion of a title search.

By placing a bid, you acknowledge that any statements made by the seller pertaining to the condition or market value of the property are subjective, and do not release you from your responsibility to perform a due diligence review.

 

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Settlement Requirements

· This auction requires that the winning bidder pay a Buyer's Premium of 2.50% 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.

Settlement Payment:
· Certified/Cashier's Check
· Wire Transfer

· Winning bidder is responsible for closing costs.