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MAUMELLE MIXED-USE REAL ESTATE AUCTION

Auction Description

ATTENTION: REAL ESTATE INVESTORS & 1031 BUYERS!
Income-Producing 39,157+/- SF Mixed-Use Commercial & Residential Building on 1.63+/- Acres on Maumelle Blvd. ~ High Traffic Location ~ Live & Online Bidding Available!

 

REAL ESTATE DETAILS: 

Over $20,000+ Per Month & Growing Gross Income

39,157+/- Square Foot Net Rentable Space

11 Residential Condo Units ~ Two, Three, and Four Bedroom Units ~ Fully Renovated 4BR Unit

Freshly Painted Wood Siding Exterior w/Steel Framing

Ample Paved Parking w/Overflow & Direct Exit to Maumelle Blvd.

Lake View of Lake Valencia

Built in 1988

89% Occupancy, Rent Roll Available

Zoned Planned Residential District w/a Conditional Use Permit   

2.5+/- Miles South of I-40 (Exit 142)

6+/- Miles from I-430

All City Utilities, Including Electricity, City Water, Natural Gas & City Sewer 

Across Maumelle Blvd. from Molex, ACE Distribution & Kimberly Clark

 

Interior: 

Floors 1 & 2 Commercial Lease Space w/Two, 2BR Condominium Units

Floors 3, 4 & 5 Residential Condominiums

 

Offers Made Prior to Auction Day are Welcome & Encouraged!

 

INSPECTION:  By Appointment Only ~ Contact Agent, Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. on Auction Day.

 

CLOSING COMPANY:  First National Title Company ~ Closing Agent: Matthew McFarlin mmcfarlin@firstnationaltitle.net ~ 415 N. McKinley St. (Suite 1200), Little Rock, Arkansas 72205 ~ (501) 221-0101 ~ Fax/ 221-2392.

 

REAL ESTATE TAXES FOR YEAR 2021:  $40,450.00

 

TERMS:  $100,000.00 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 Day are Welcome.

Auction Location

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