Up for auction is a residential lot in Memphis, TN. Buy it while it is still cheap.

Approx: 35.116500, -90.019304

This property is walking distance from numerous homes and commercial properties.

With no time limit to build, rising values in the county, and extremely low property taxes, this property makes for an ideal long-term investment.

Status of title:

Property is clear of mortgage liens. This information was provided by Shelby County, TN and should be verified prior to bidding. Buyer would be responsible for any other miscellaneous outstanding liens, if any exist.
 

Disclaimer

All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.

Terms of the Auction / Settlement Terms

This is a cash sale, you are bidding on the full purchase price. Buyer must have cash ready at auction's close.

Winning bidder agrees to pay the full balance due via certified check or wire transfer within 4 days from the end of auction, no exceptions.

 Buyer to pay buyer's premium of 10% with a $100 minimum and closing costs of $500, which includes deed preparation, recording fees, and transfer taxes.

Seller handle the entire deed recording process and will convey property via quitclaim deed with as-is title. 

The winning bidder must return signed documents within ninety (90) days upon reception. In case the completed documents are not returned in this time period, the parcel may be resold, seller’s obligation to handle the recording process may be void, and any payment may be retained by the seller as liquidated damages. 

Thanks for looking and good luck with your investments!