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LITTLE ROCK MULTI-PARCEL ABSOLUTE REAL ESTATE AUCTION

Auction Description

ATTENTION: LITTLE ROCK REAL ESTATE INVESTORS!
(3) Homes on N. Mississippi Street in Little Rock ~ 2 Blocks South of Cantrell Road ~ Zoned R2 w/CUP for Daycare Facilities ~ All (3) Lots Total Over 1/2 Acre w/Over 300+/- Feet on N. Mississippi Street ~ Offered in (3) Tracts & Any Combination on Auction Day ~ Selling On-site w/Live, Online Bidding Available ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

REAL ESTATE DESCRIPTION: These (3) Residential Properties are Currently Under a Conditional Use Permit for Operation as Daycare Facilities & Sit Facing N. Mississippi Street w/Over 300+/- Ft. of Frontage on Over 0.6+/- Acres Total ~ The (3) Homes have All been Remodeled to Operate as Daycares in the Past, w/One Currently in Operation on a Month-to-Month Lease ~ All Homes are Fenced & Offer Security Systems & Parking for Each Tract ~ Average Daily Traffic Count of 12,000+/- VPD ~ A Rare Opportunity to Own a Block of Road Frontage on Mississippi Street ~ Selling Regardless of Price on Auction Day!
(TRACT 1) 1701 N. Mississippi St. ~ 2,188+/- SF Building Currently Operating as a Daycare & Storage Building ~ Building has a Full Kitchen, Office, 5 Rooms Including 3 Large Rooms, 1 Full Bath, 1 Children’s Bathroom & a 1/2 Bath ~ This Building Also Features 2 Smaller Rooms Set Up as Classrooms w/Multiple Storage Areas ~ Full Security System w/Cameras ~ Fenced Yard w/a Play Area ~ Multi-space Parking Area ~ Leased at $1,400 Per Month ~ Tenant is on a Month-to-Month Lease ~ Corner Lot on Indiana Ave. & N. Mississippi St..
(TRACT 2) 1721 N. Mississippi St. ~ 1,700+/- SF Building Formerly Operated & Set Up as a Daycare ~ Features Full Kitchen, 2 Bathrooms, 6 Rooms w/ 3 being Play Areas & 3 Smaller Classrooms ~ Fenced Play Area ~ Full Security System ~ Single-drive Parking Area ~ Updated Roof & HVAC System ~ This Building has No Tubs or Showers, Only an Adult Bathroom & Children’s Bathroom.
(TRACT 3) 1723 N. Mississippi St. ~ 1,242+/- SF Home w/ 2 Bedrooms/ 1 Bathroom ~ Full Kitchen & Living Room ~ Fenced Yard ~ Carport w/Handicap Access Ramp ~ Updated Paint ~ Corner Lot on Ohio St. & N. Mississippi St. ~ Remember, All (3) of These Homes will be Sold Regardless of Price to the Highest Bidder on Auction Day!

INSPECTION:
Showings by Appointment Only, Contact Agent,
Peter Guerin at 501-733-6795/peter@wilsonauctioneers.com for More Information ~ Registration will begin at 10:00 a.m. Day of Auction.

CLOSING COMPANY:
American Abstract & Title Company ~ Closing Agent: Andrew Adkins ~ 12814 Cantrell Road, Little Rock, Arkansas 72223 ~ (501) 227-8603 ~ Fax/ 227-9160.

REAL ESTATE TAXES FOR YEAR 2019:
(TRACT 1) $ 2,053.00 (TRACT 2) $1,458.00 (TRACT 3) $ 1,325.00

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

 

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