No Minimum Starting Bid!
This property sells ABSOLUTE, No Minimum, No Reserve, Regardless of Price! 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: 90 Lake Street, Rouses Point, S-B-L 20.11-1-20 Description: 4,583 SF, 2-story, masonry building on a lot measuring 30' x 144'. Improved with a restaurant on the first floor, and a 3-4 bedroom apartment (fire damaged - gutted, ready for rehab), a 1-bedroom apartment (rentable with cosmetic repairs), and a studio/office unit with bath (rentable with cosmetic repairs). The restaurant seats 80, is fully equipped, with a full bar, counter with stools, tables, chairs, ice machine, 10-burner Garland stove with double ovens and salamander, flat-top grill, 3-bay sink, True refrigeration unit, antique soda fountain, etc. Full basement with a walk-in cooler. The 3-4 bedroom apartment had a fire in January 2016, causing $65-79k damage according to insurance estimates. The building has been vacant since April 2016. The total taxes for this building are $1980/year. When occupied, tenants paid utilities. Rents were $1012/mo for the 3-4 BR, $650/mo for the 1-BR, $125/mo for the studio, and $2650/mo for the restaurant (plus share of taxes). 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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