ATTENTION: MONTICELLO DEVELOPERS, LANDLORDS & INVESTORS!
8-Unit West Creek Condominium Complex Built in 2004 ~ (3) Development Tracts Close to Walmart ~ (2) Brick Duplexes (Barkada Apartments) ~ 10+/- Acre Development Tract w/Highway 425 Frontage ~ Metal Warehouse Buildings w/Office on 3+/- Acres ~ All Selling from West Creek Condo Complex at 158 Tarpon Drive w/Live, Online Bidding Available
AUCTION LOCATION: 158 TARPON DRIVE ~ MONTICELLO, AR 71655
REAL ESTATE DESCRIPTION: Do Not Miss the Opportunity to Buy these Excellent Income-Producing Properties, Prime Development Land Tracts & Over 30,000 SF of Warehouse Space in Convenient Locations Scattered around Monticello.
PROPERTY #1: (158 Tarpon Dr.) West Creek Condos ~ 2-Story, 8-Unit Complex Totaling 6,048+/- SF, Built in 2004 on a Post-Tension Slab Foundation ~ Extremely Well-Maintained Concrete Board Exterior & Architectural Shingle Roof on 1.42+/- Acres within Site of Walmart ~ Condo Interiors Consists of 1 Bedroom w/ 2 Closets ~ Additional Nook w/Built-in Bunk Beds ~ Combination Living Room/ Dining Room ~ Kitchen ~ Full Bathroom & Laundry Area ~ 7 Units Currently Rented at $500-600/mo. ~ (1 Unit Intentionally Vacant for Showing Purposes Prior to Auction).
PROPERTY #2: (1046 Barkada Rd.) Units 1, 2, 3 & 4 ~ (2) Well-Maintained, Single-Story, 1,872+/- SF Brick Exterior Duplexes Built in 1970 on 1.08+/- Acre Lot ~ All 4 Units Currently Rented for $495/mo. ~ Units Consist of 2 Bedrooms, Combination Living Room/Dining Room, Kitchen, Full Bath, Laundry Area, Dated but Well-Maintained Interiors ~ These 2 Duplexes will be Sold as a Package, Not Offered Individually ~ Utilities Include Electricity, Natural Gas, City Water & Septic Systems.
PROPERTY #3: 1900 Block US-425 Highway (Directly Across from Grand Manor Assisted Living) ~ Prime 10.32+/- Acre Development Tract ~ Mostly Level & Recently Forestry Mulched Covered w/Mature Timber & 575+/- Ft. of US HWY 425 Frontage ~ Excellent Location just 2 Miles North of HWY 278 & US HWY 425 Intersection w/Average Daily Traffic Count of 9,100+/- Vehicles Per Day ~ All City Utilities Available.
PROPERTY #4: (302 Old HWY 13) Metal Industrial Warehouse Buildings Built in 1983 Totaling 35,000+/- SF of Warehouse Space on 3+/- Acres w/ 2,200+/- SF Office Building w/Reception Area, (5) Offices & Bathroom ~ Front Warehouse is Well-Maintained, Back Building has Extensive Roof Damage & Needs Repair ~ Selling Regardless of Price to the Highest Bidder.
PROPERTY #5: 1.17+/- Acre Prime Development Tract Along Walmart Access Road ~ Cleared & Ready to Build ~ Utilities Include Electricity, City Water, Natural Gas & City Sewer.
PROPERTY #6: 0.80+/- Acre Prime Development Tract Along Walmart Access Road ~ Cleared & Ready to Build ~ Utilities Include Electricity, City Water, Natural Gas & City Sewer.
PROPERTY #7: 0.34+/- Acre Prime Development Tract at the End of Tarpon Drive ~ Cleared & Ready to Build ~ Utilities Include Electricity, City Water, Natural Gas & City Sewer.
Offers Made Prior to Auction Day are Welcome!
INSPECTION: Vacant Condo can be Viewed Anytime ~ Rented Properties by Appointment Only ~ Feel Free to Drive by and/or Walk the Development Land Tracts Anytime ~ Contact Agent, Doug Westgate at 501-815-4004/ firstname.lastname@example.org ~ Doors Open & Auctioneers will be On-site at the Auction Location at 12:00 p.m. for Registration on Auction Day.
CLOSING COMPANY: Barton & Roper, PLLC ~ Closing Agent: Manda Robinson ~ 106 W. Oakland Street, Monticello, Arkansas 71655 ~ (870) 367-6288.
REAL ESTATE TAXES FOR YEAR 2022:
PROPERTY #1: (158 Tarpon Dr.) $4,203.04
PROPERTY #2: (1046 Barkada Rd.) $1,172.10
PROPERTY #3: (1900 Block HWY 425) $15.68
PROPERTY #4: (302 Old HWY 13) $1,272.70
PROPERTY #5: (1.17+/- Acre Prime Development Tract) To be determined
PROPERTY #6: (0.80+/- Acre Prime Development Tract) To be determined
PROPERTY #7: (0.34+/- Acre Prime Development Tract) To be determined
TERMS: (PROPERTY #1) $50,000.00 ~ (PROPERTY #2) $25,000.00 ~ (PROPERTIES #3, 4, 5, 6, or 7) $10,000.00 (Per Property), All in the Form of a 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 are Welcome.
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