A NO RESERVE auction for the total price of this property.
74 Drexel, Buffalo NY 14214
"Buffalo is one of the best cash flow market in the country" (CNN Money)
This is a great house in a quite neighborhood that with some TLC can be rented for $650-$700 a month. This is an amazing cash flow investment!
We can recommend a contractor and a management company that would be happy to help you with the rehab and to find a tenant upon your request.
GENERAL INFORMATION ABOUT THIS PROPERTY:
This is a Single-Family Home located at 74 Drexel Road, Buffalo NY. 74 Drexel Rd has 4 beds, 1 bath, and approximately 1,291 square feet. The property was built in 1925. The average list price for similar homes for sale is $34,207 and the average sales price for similar recently sold homes is $66,217. 74 Drexel Rd is in the Leroy neighborhood in Buffalo, NY.
Public Records
Address
|
Distance
|
Property Type
|
Sold price
|
Sold date
|
Bed
|
Bath
|
Sqft
|
---|---|---|---|---|---|---|---|
33 Orchard Pl, Buffalo NY | 0.59 mi | Single-Family Home | $25,000 | 03/23/10 | 4 | 1/1* | 1,852 |
105 Sussex St, Buffalo NY | 0.63 mi | Single-Family Home | $27,600 | 03/19/10 | 3 | 1 | 1,332 |
85 E Depew Ave, Buffalo NY | 0.77 mi | Single-Family Home | $63,600 | 03/17/10 | 3 | 1/1* | 1,419 |
450 Lisbon Ave, Buffalo NY | 1.68 mi | Single-Family Home | $21,600 | 03/22/10 | 4 | 1 | 1,449 |
163 Frontenac Ave, Buffalo NY | 1.71 mi | Single-Family Home | $205,000 | 03/19/10 | 4 | 1/1* | 1,863 |
Example of how to calculate total amount due:
$4,000 Winning Bid
$ 100 (10% or a minimum of $100) Buyers Premium
$ 695 Closing Costs
$4,795 Total due
Once the auction has closed, we will email the winning bidder with instructions for payment and contract/deed information within 24 hours of auction end. We accept wire transfer, direct deposit or certified check. Once payment is received in full, we will start the deeding process and send you a copy. Once the deed is drafted, processed, and recorded, we will mail you the original. You do not have to record the deed yourself.
We offer this property 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. Seller has not performed a title examination and makes no warranty as to the state of the title. 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. NOTICE: All due diligence, inspections and verification of information must be completed before bidding. Under no circumstances will Seller make any refunds, adjustments or concessions of any kind for matters that could have been ascertained by the buyer prior to buyer bidding on the property. Remember, your bid constitutes a binding and legal contract to purchase the property. After the close of the auction is not the time to decide that you really don’t want the property after all!
Example of Transaction Costs:
Frequently Asked Questions:
-What am I bidding on? The total price of the property. The house is being sold as is where is.
-How soon do I have to provide the payment? $ 1,000 deposit due within 48 hours of auction closing and the balance due on or before 5 days from auction closing
-Is the property sold as is, where is? Yes
-What types of payment does the seller accept? Direct deposit, wired funds or cashier check.
-What repairs are needed to the property? Please realize that we are marketing this property as a handyman special which is why it is priced at this point. We have not occupied or even entered the property so please do your due diligence.
-I am an out of town buyer, can you recommend a management company or contractors? Yes, we work with contractor in the area and management company as well.
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