Real Estate > Residential > Multi-Family > # 454533

$1 NO Reserve! University District! Already Leased! Cash Cow!

Seller Name:	KenhillProperties
Rating:	(24)
Location:	457 Shirley ave Buffalo, NY 14215 United States

Final Bid:	$28,500
Number of Bids:	33
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1
Your Bid Status:	Log in to view status
It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Closed
Auction Started:	07-24-10 08:00 AM ET
Auction Closed:	08-02-10 03:26 PM ET
Bid Increment:	$500
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's Premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	9.0%
Page Views:	4800

Ask Seller a question View Seller's Other Items

Asset Information

Item Specifics - Residential Properties

Residential Properties
Address	457 Shirley ave Buffalo, NY 14215 United States
Number Of Bedrooms	3.00
Number Of Bathrooms	1.00
HOA Fee	$0 monthly
Gross Monthly Rent	$685.00
Occupancy	Tenanted

Asset Description

Additional Terms of Service

Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. Entire funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $995 to cover the closing costs and paperwork transfers. Once the funds are received and the paperwork completed the transfer will be recorded in the Erie County clerks office. This Property Sold "as is",no warranties expressed or implied. All information is deemed reliable but not guaranteed

Inspection Details

PLEASE READ THE TERMS. THIS IS A CASH ONLY SALE. THERE WILL BE NO TIME TO ALLOW FOR FINANCING. I HAVE PROVIDED ALL INFORMATION TO HELP THE BUYER REACH AN EDUCATED DECISION PRIOR TO BIDDING. If you would like to inspect the property feel free to click the link above "ask seller a question" and we can arrange it. Bid4assets does not allow phone numbers on their listings.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 9.00% 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.

Payment Type

Certified/Cashier's Check
Wire Transfer
Money Order

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 satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
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.