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All MIDTOWN KANSAS CITY REAL ESTATE
Midtown Commercial Garage Real Estate Auction - Bidding ends Monday, October 8, 2018 Bidding ends at 7:00 p.m. central

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NOTE: HAVING CHECKED WITH KC WATER, THEY CONFIRMED THAT MR. NORFLEET HAD THE WATER DISCONNECTED A WHILE BACK. TRUSTEE, AUDREY NORFLEET-TAYLOR, HAS STATED THAT SHE WILL HAVE THE WATER RECONNECTED AS SOON AS KC WATER CAN GET TO IT, WITH A GUARANTEE THAT IT WILL BE COMPLETED BEFORE CLOSING.

Rare opportunity to purchase Midtown/Gillham Plaza area commercial real estate at auction! This solid garage property has belonged to Mr. Norfleet for many years, and is where he operated Wheels 'N Deals used motorcycle and parts dealership. This building is in just the right condition and level of development to suit numerous and varied development interests.

PROPERTY DETAILS


Address: 715 East 31st Street, Kansas City, Missouri 64109
Legal Description: LOGAN PLACE S 120' LOT 16 & S 120' of E 16' LOT 17
Jackson County Tax Parcel 29-840-05-02-00-0-00-000
Property Class (PCA Code): 2010 - Commercial Improved
Land Use Type: 2262 - Service Garage
Property is on city water and sewer, though there is no current running water or toilette system within the structure.
Building size approximately 2,378 s.f.
2017 Taxes: $893.09

TERMS & CONDITIONS

1) This is an online only auction. All bidding will take place on the auction company's online bidding platform. CONTRACT FOR SALE OF REAL ESTATE AVAILABLE UPON REQUEST (email: EricImanAuctions@gmail.com)

2) Bidding will end on Monday, October 8, 2018, at 7:00 p.m. central standard time, with a soft close, meaning that a bid within the final minutes will extend bidding by an additional 7 minutes. This will continue until there is an 7 minute interval without a bid. Bidding is not contingent upon financing.

3) Buyer's agent representation must be noted directly following the bidder's registration via email to EricImanAuctions@gmail.com

4) There will be a 4% buyer’s premium added to the final winning bid, to arrive at the contract sale price.

5) The winning bidder will enter into a contract to purchase, which will be sent the the winning bidder via email. The contract must be returned to the auction company (hand delivered, scanned and emailed or faxed) by 5:00 p.m. central time, on Tuesday, October 9, 2018.

6) The sale of this property is subject to the approval of the trustee.

7) 10% of the contract sale price will be due as a down payment, and shall be submitted to CONTINENTAL TITLE COMPANY, 435 Nichols Rd., #310, KANSAS CITY, MO, 64112, in the form of a cashier’s check, OR ONLINE AT HTTP://CTITLE.COM, to be in possession of CONTINENTAL TITLE COMPANY by 5:00 p.m. central time on Tuesday, October 9, 2018, and to be held in escrow with CONTINENTAL TITLE COMPANY.

8) Closing shall be conducted by CONTINENTAL TITLE COMPANY, on or before November 16, 2018.

9) Possession shall be given to buyer at closing.

10) Seller shall provide title insurance in the amount of the contract sale price. Title shall be conveyed by a general warranty deed.

11) Seller has paid 2017 and all prior year real estate taxes. 2018 taxes shall be prorated to the date of closing.

12) If internet service or functionality of the website fails in any way, bidder shall have no claims against Iman Auction Company or anyone else.

13) All lines, maps and photographs are approximate. Bidders should verify all information to their satisfaction.

14) By registering for this auction and placing a bid on the property for sale, you are agreeing to abide by the aforementioned AUCTION TERMS, construed and enforceable under the laws of the State of Missouri.


26 2769 171,500.00   ended

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