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LAKE HAMILTON ABSOLUTE INCOME PRODUCING PROPERTY AUCTION

Auction Description

ATTENTION: LAKE HAMILTON HOME BUYERS & REAL ESTATE INVESTORS!
Incredible Income Producing Property ~ (2) Homes & (3) Cottages on 1.3+/- Acres w/ 155+/- Ft. of Prime Frontage on Lake Hamilton w/ a 3-Stall Covered Boat Dock, Private Boat Launch Ramp, Separate Fishing/Swim Dock & Boardwalk ~ Selling On-site w/Live, Online Bidding Available! SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

This Incredible Income Producing Property, Contains (5) Rental Units Consisting of (2) Homes & (3) Cottages on 1.3+/- Acres w/ 155+/- Ft. of Prime Frontage on Lake Hamilton, a 3-Stall Covered Entergy Approved Boat Dock, Private Boat Launch Ramp, Separate Fishing/Swim Dock & Concrete Boardwalk is SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ This Prime Piece of Lakefront Residential Real Estate is in an Excellent Location Only 3 Miles from Oaklawn Racing & Casino Resort & Less than 1 Mile from (Exit 3) on the MLK Expressway ~ Exceptional Fishing from the Docks or Boardwalk in the Stokes Creek Area of Lake Hamilton ~ (Unit A) is an 1,138+/- SF 2-Story Home Fronting on Lakeshore Drive Consisting of 2 Bedrooms, 1.5 Bathrooms, Living Room, Sun Room, Kitchen w/Fridge, Range & Dishwasher ~ Central Heat/Air ~ 2-Car Attached Garage ~ Currently Rented for $925/Month ~ (Unit B) is a 736+/- SF Cottage Consisting of 1 Bedroom, 1 Bath, Living Room, Den, Kitchen w/Fridge & Range ~ Heat Pump ~ Detached Garage/Storage Building ~ Currently Rented thru March 2020 for $700/Month ~ (Unit C) is a 769+/- SF Cottage Consisting of 1 Bedroom, 1 Bath, Living Room, Eat-in Kitchen w/Fridge & Range & Laundry Room ~ Gas Heat & Electric AC ~ Currently Rented Month-to-Month for $840/Month ~ (Unit D) is a 2-Story, 1,512+/- SF Lakefront Home Consisting of 2 Bedrooms, 2 Baths, Open Living/Dining Room, Kitchen w/Fridge, Range & Dishwasher, Sun Room, Laundry Room w/Washer/Dryer ~ Detached Garage ~ Central AC ~ This Vacant Home was Recently Owner Occupied but is in Need of Cosmetic Remodeling & Updating ~ (Unit E) is a 384+/- SF, Lakefront Studio Cottage Fully Furnished & Rent Ready Consisting of 1 Bedroom, 1 Bath, Kitchen w/Fridge & Stovetop ~ Window AC Unit ~ Shared Electric & Water Meter with Unit D ~ All City Utilities Including Electricity, Natural Gas, City Water & Sewer are to the Property ~ Hot Springs School District ~ Offers Prior to Auction Day are Welcome!

CLOSING COMPANY: Lenders Title Company ~ Closing Agent: Shanda Dunlap ~ 110 Quachita Avenue, Hot Springs, Arkansas 71901 ~ (501) 624-2541 ~ Fax/ 623-4552.

TERMS: $50,000.00 Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

Terms

TERMS AND CONDITIONS: $50,000.00 Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

Auction Location

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