ATTENTION: LANDLORDS & REAL ESTATE INVESTORS!
(20) Single Family Homes & Commercial Properties in Southeast Arkansas ~ Current Rent on Occupied Units is $139,620 Annual Gross ~ Live, Online Bidding Available ~
EVERY PROPERTY, SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!
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AUCTION LOCATION: (20) PROPERTIES SELLING FROM (DUMAS COMMUNITY CENTER) 18 BELMONT ST. ~ DUMAS, AR 71639
REAL ESTATE DESCRIPTION: (20) Income Producing Properties ~ (14) in McGehee, AR ~ (1) in Tillar, AR ~ (5) in Dumas, AR ~ 17 Units Occupied ~ Some Tenants have been Renting their Units for up to 8 Years! ~ Over $139,000 Current Gross Annual Rental Income on Occupied Units!
(MCGEHEE)
Property 1: (1 Wolfe Dr.) 2,346+/- SF, 3BR/ 2BA, Rent is $795/mo. ~ Tenants have been there 2 yrs.
Property 2: (14 Shannon Dr.) 1,856+/- SF, 3BR/ 2BA, Rent is $550/mo. ~ Tenants have been there 8 yrs.
Property 3: (503 W. Seamans Dr.) 1,288+/- SF, 3BR/ 1BA, Rent is $400/mo. ~ Section 8 Tenant has been there Over 1 yr.
Property 4: (610 Phillips St.) 1,221+/- SF, 3BR/ 2BA, Rent is $500/mo.
Property 5: (717 Mark Dr.) 1,136+/- SF, 3BR/ 1.5BA, Rent is $500/mo.
Property 6: (20 Jackson Dr.) 1,100+/- SF, 3BR/ 1BA, Rent is $495/mo. ~ Tenants have been there 6 yrs.
Property 7: (501 Cypress St.) 1,300+/- SF, 4BR/ 1.5BA, Rent is $450/mo. on Section 8.
Property 8: (1009 N. 3rd St.) 1,793+/- SF, 3BR/ 2BA, Vacant.
Property 9: (112 S. 3rd St.) 1,344+/- SF, 2BR/ 1BA, Rent is $450/mo.
Property 10: (2 Jackson Dr.) 1,312+/- SF, 3BR/ 2BA, Rent is $400/mo.
Property 11: (101 S. 3rd St.) COMMERCIAL ~ 1,748+/- SF, Multi-office Medical Clinic, Vacant.
Property 12: (103 S. 3rd St.) 2,520+/- SF, 3BR/ 3BA, Vacant.
Property 13: (404 Hemlock St.) DUPLEX ~ 2,094+/- SF, 4BR/ 2BA, Rent is $750/mo.
Property 14: (106 S. 5th St.) 1,461+/- SF, 2BR/ 2BA, Vacant, No HVAC.
(TILLAR)
Property 15: (139 N. 2nd St.) 1,879+/- SF, 3BR/ 2BA, Rent is $375/mo.
(DUMAS)
Property 16: (108 N. John St.) 1,061+/- SF, 3BR/ 1.5BA, Rent is $450/mo.
Property 17: (525 S. Main St.) 2,384+/- SF, 3BR/ 2BA, Rent is $645/mo. ~ Tenants have been there 13 yrs.
Property 19: (331 E. Waterman St.) BRICK VENEER COMMERCIAL OFFICE/RETAIL DUPLEX ~ 1,124+/- SF, 1 Unit Rents for $300/mo. & 1 Unit Vacant.
(DUMAS) Pendleton Community Northeast of Dumas, just off the Arkansas River at Pendleton Bridge
Property 20: (163 Pendleton Ln.) 1,344+/- SF Doublewide Mobile Home, 3BR/ 2BA ~ Water got under this Unit, but the Unit did not Flood in 2019, Rent is $400/mo.
Property 21: (167 Pendleton Ln.) COMMERCIAL ~ 7-Unit Apartment (former motel) w/Gross Rents of $3,175/mo. ~ This Building did have 8+/- inches of Water in it during 2019 ~ Units have been Completely Renovated.
Remember, Every Property will be Sold Regardless of Price on Auction Day! ~ All Information Including, but not limited to, Square Footage, Age, Acreage, Current Rent or Lot Sizes are Approximate ~ Rental Status is Not Guaranteed on Auction Day.
SPECIAL NOTE: Also Selling ONE Property (Property 22) On-site in Pine Bluff on Sept. 27th at 3:00 p.m. ~ Registration will begin at 2:00 p.m.
Click here to View the Real Estate in Pine Bluff
INSPECTION: Drive by to View the Leased Properties Anytime or Contact Agent, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com to Inspect the Vacant Homes ~ Registration begins at the Dumas Community Center at 9:00 a.m. on Auction Day.
CLOSING COMPANY: Jefferson Title Company, LLC ~ Closing Agent: Kay Beverly (kay@jeffersontitle.net) ~ 715 W. 5th Avenue, Pine Bluff, Arkansas 71601 ~ (870) 540-4927 ~ Fax/ 540-1267.
Property #1: (1 Wolfe Dr.) Real Estate Taxes: $1,378.43 School District: McGehee
Property #2: (14 Shannon Dr.) Real Estate Taxes: $1,045.62 School District: McGehee
Property #3: (503 W. Seamans Dr.) Real Estate Taxes: $206.00 School District: McGehee
Property #4: (610 Phillips St.) Real Estate Taxes: $366.05 School District: McGehee
Property #5: (717 Mark Dr.) Real Estate Taxes: $325.00 School District: McGehee
Property #6: (20 Jackson Dr.) Real Estate Taxes: $345.00 School District: McGehee
Property #7: (501 Cypress St.) Real Estate Taxes: $299.47 School District: McGehee
Property #8: (1009 N. 3rd St.) Real Estate Taxes: $328.68 School District: McGehee
Property #9: (112 S. 3rd St.) Real Estate Taxes: $227.72 School District: McGehee
Property #10: (2 Jackson Dr.) Real Estate Taxes: $468.00 School District: McGehee
Property #11: (101 S. 3rd St.) Real Estate Taxes: $841.50 School District: McGehee
Property #12: (103 S. 3rd St.) Real Estate Taxes: $709.39 School District: McGehee
Property #13: (404 Hemlock St.) Real Estate Taxes: $576.93 School District: McGehee
Property #14: (106 S. 5th St.) Real Estate Taxes: $267.87 School District: McGehee
Property #15: (139 N. 2nd St.) Real Estate Taxes: $419.00 School District: Tillar
Property #16: (108 N. John St.) Real Estate Taxes: $389.78 School District: Dumas
Property #17: (525 S. Main St.) Real Estate Taxes: $893.03 School District: Dumas
Property #19: (331 E. Waterman St.) Real Estate Taxes: $587.98 School District: Dumas
Property #20: (163 Pendleton Ln.) Real Estate Taxes: Not Assessed Separately School District: Dumas
Property #21: (167 Pendleton Ln.) Real Estate Taxes: Not Assessed Separately School District: Dumas
TERMS: (Properties 1-20) $5,000.00 (Each) & (Property 21) $10,000.00 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day to Purchase Individual Homes or the Entire Portfolio are Welcome.
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