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LITTLE RED RIVER RENTAL CABINS ABSOLUTE AUCTION ~ HEBER SPRINGS, AR

Date

Wednesday, Oct. 24, 2018 at 10:00 AM CST

Auction Location

2129 River Bend Road, Heber Springs, Arkansas 72543

Real Estate Description

ATTENTION: ANGLERS, HOME BUYERS & INCOME PROPERTY BUYERS!
1.68+/- Acres w/ 310+/- Ft. of Little Red River Frontage ~ 3 Furnished Rental Cabins ~ 2 Private Docks ~
Just South of Cow Shoals Spawning Area & World Record Brown Trout ~ 10 Minutes to Heber 
Springs ~ Offered in 2 Tracts & the Entirety ~ Selling On-site w/Live, Online Bidding Available ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION:  Located in the Scenic Ozark Mountain Foothills on the Banks of the Little Red River in Heber Springs, Arkansas ~ Along a Fantastic Stretch of the River between Cow Shoals & Jon’s Pocket ~ 3 Rustic Rental Cabins w/ 310+/- Ft. of Red River Frontage ~ Attracting Year-round Trout Fishermen, Vacationers & Weekenders to this Peaceful Retreat on the Waterfront ~ Cabins have Metal Roofs & Log Siding Exteriors ~ Overall Good Condition but Some Maintenance Needed ~ Full Access to Porches, Decks & Docks for Outdoor Enjoyment ~ Small Laundry Building ~ Furnished w/Simple Necessities for a Great Vacation Experience ~ Cabins are Completely Equipped, Very Clean & Ready to Rent ~ An Ideal Property for a Future New Home ~ New Survey ~ Rental Website will Convey if Sold in the Entirety for Immediate Ability to Rent ~ Property Will be Offered in (2) Tracts & the Entirety & Selling Regardless of Price to the Highest Bidder on Auction Day! ~ (TRACT 1) Green Cottage Property ~ 0.71+/- AC w/ 84+/- Ft. River Frontage ~ Private Dock ~ 1,176+/- SF, 2BR/ 2BA (1974) Spacious Bi-level Cabin w/Attached Garage ~ Large Living Room ~ Full Kitchen ~ 3rd Alcove BR ~ Screened-in Porch ~ Open Deck Overlooking the River ~ Basement Game Room ~ Rents for $155.00 Per Night ~ (TRACT 2) Fisher’s Haven & Riverside Loft Property ~ 0.97+/- AC w/ 226+/- Ft. River Frontage ~ Both Cabins Share a Private Dock, Separate Patio Deck Over the Water & Small Laundry Building ~ Haven is 624+/- SF, 2BR/ 2BA (1970) ~ Full Kitchen ~ Open Porch ~ Rents for $110.00 Per Night ~ Loft is 912+/- SF, 2BR/ 1.5BA (1983) ~ Kitchen w/Fridge & Stove ~ Open Porch ~ Rents for $120.00 Per Night.

AUCTIONEER’S NOTE:  This property is a prime location with a mix of upscale homes and vacation properties along River Bend Road.  The existing cabins are good basic rental units, and with some property maintenance, these cabins will continue to attract sportsmen and vacationers who come to the river on a year-round basis to escape city life and enjoy the outdoors.  Also, this is an exceptional site for new construction with many beautiful homes on this street.  Due to health, our seller is retiring, and this is your opportunity to buy at your price.  Remember, this property will sell to the highest bidder on auction day!

TERMS ON REAL ESTATE:  $10,000.00 (Per Tract), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

INSPECTION:  This Property can be Shown by Appointment Only ~ Please Respect Privacy of Current Guests ~ Contact Agents, Gladys Webb at 501-766-0605/ gladys@wilsonauctioneers.com or Peter Guerin at 501-733-6795/ peter@wilsonauctioneers.com for Additional Information ~ Auctioneers will be On-site at 9:00 a.m. Day of Auction.

Aerial, Tract 1 and Tract 2

Survey

Legal Description

Property Information Packet

DIRECTIONS:  From Heber Springs, on the East Side of Town at the Intersection of HWY 25 Bypass & HWY 110 (Wilburn Rd.) head East on HWY 110 for 1 Mi. ~ Turn Left on HWY 210 & go 2.3 Mi. ~ HWY 210 becomes Cow Shoals Rd. ~ Continue 1 Mi. & Cow Shoals turns Right & becomes River Bend Rd. ~ Continue 0.6 Mi. & Property is on the Left ~ Watch for Auction Signs. 

Auction Location

Terms

TERMS AND CONDITIONS:  $10,000.00 (Per Tract), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

CLOSING COMPANY:  General Land & Title Service ~ Closing Agent: Tena Ramer ~ 107 S. 3rd Street, Heber Springs, Arkansas 72543 ~ (501) 362-7566 ~ Fax/ 362-8299.

REAL ESTATE TAXES FOR YEAR 2017:  $2,112.70 (entire property)

SCHOOL DISTRICT:  Heber Springs

TERMS OF AUCTION