Directions: Hwy 50W to California, Right on Hwy 87 to Town Sq., Right on High to Property in Second Block.
Wednesday, May 9, 2018 @ 5:30 to 6:30 PM
Wednesday, May 16, 2018 @ 5:30 to 6:30 PM
Great investment opportunity! Extensively remodeled 8-unit apartment building in downtown California. 4 units: 2 bedroom, 2 bath / 2units: 2 bedroom, 1 bath / 2 units: 1 bedroom, 1 bath. Newer roof. Office on main floor. Possible storefront opportunity. Full basement for storage. Gas only furnished.
TERMS and CONDITIONS: 5 (Five) percent of purchase price to be paid into escrow on the day of auction. Cole County Abstract Company will be the escrow agent. Buyer must be preapproved by his lender and have a pre-approval letter from Bank to present to Gratz Real Estate & Auctioneering on day of auction. Buyer must sign a sales contract prepared by legal counsel. Closing will be held within 60 days of auction date. The cost of the title insurance will be split equally between the buyer and seller. Taxes will be pro-rated at closing. Owner agrees to give possession and clear title at closing. Announcements at Auction take precedence over all printed matter. Owner reserves the right to approve the final bid. (For an appointment to view the property prior to auction, call Bill Gratz at 690-0477.) Auctioneer is licensed in Cole County, Missouri.
8 unit apartment complex