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REAL ESTATE AUCTION: ROUSES POINT, CLINTON COUNTY PROPERTIES Online Auction Closes: Thursday, August 30, 2018 1:01PM. Properties open for bidding Monday, August 27 at 10AM. Property Location: 89 Lake Street, Rouses Point, S-B-L 20.11-3-1.1 Description: 2,893 square foot, 2-story, wood-frame, building on a corner lot. Improved property with a commercial space on the first floor leased for 1 year, ending May 2019, at $500/month, plus utilities. 1-bedroom apartment on the first floor rented for $625/month, a 1-bedroom apartment an the second floor rented for $575/month, and a 2-bedroom apartment on the second floor, rented for $725/month. There is a full basement, and a full, walk-up attic. Potential gross annual income of over 29k. Expenses for this past year are: taxes (Town/county/Village/school) were $3720; building insurance was $705; water/sewer was $3800. All other utilities are the responsibility of the tenants, (Rouses Point has very cheap electric rates, about 3.5 cents a Kw). Northeastern Clinton Central School District It's Easy to Bid! 1) Get a Username & Password at AARbids 2) Register for the Online Only Auction 3) Complete Internet Bidding Packet and you can participate. ANNOTATED TERMS OF AUCTION: We have been contracted to sell this property at Public Auction. Get a Username & Password at AARbids, register for the Online-only Auction and bring/mail our 'Internet Bidding Packet' containing the 'Terms and Conditions' and a $5,000 Guaranteed Funds/Bank check payable to: Absolute Auctions & Realty, Inc. Mail to: AAR, POB 1739, Pleasant Valley, NY 12569 - no exceptions, and you can participate. Credit Card Authorization Form in lieu of $5000 bank check/Guaranteed funds available. Complete your due diligence prior to bidding. If successful, an electronic "Contract for Purchase and Sale NY Real Estate" will be sent to you, sign contract, return by 4PM day after auction. 10% Buyer's Premium. Close transaction on or before October 30, 2018. Time is of the essence. Deposit will be refunded to unsuccessful bidders. Title & Liens: Property is sold with insurable title, free and clear of adverse liens or encumbrances at closing. Broker Participation: Call for details. Bidding Notes: The silent auction website has a "dynamic ending" feature; if someone "sniper bids" on a lot at the scheduled end of the auction, the system will extend the bidding clock two minutes to give everyone time to bid again.
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