Auction Description

ATTENTION: FISHERMEN, OUTDOOR ENTHUSIASTS & REAL ESTATE INVESTORS!

7 Incredible, Fully Furnished Log Cabins (5 Riverfront), 6 Boat Slips & a Building Lot in Lobo Landing Resort Subdivision Along the Little Red River Only 10+/- Minutes from Heber Springs ~ ALL SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DETAILS: This is a Rare Opportunity to Own a Great Cabin for Personal Use or a Valuable Income-Producing Property Along the Little Red River in a Prime Location Close to Heber Springs & Greers Ferry Lake ~ Well-Known Lobo Landing Resort Subdivision Sits on 22+/- Acres Along the Little Red River with its Own Marina & Guide Service in a Cold Water Area Below the Greers Ferry Dam Known for its Incredible Trout Fishing ~ These 7 Meticulously Well Maintained Cabins are All in Exceptional Condition & are Proven Income-Producing Properties ~ All 7 Immaculate, Rustic Log Cabins have Metal Roofs, a Fully Equipped Kitchen, Living/Dining Area, Central HVAC & will All Sell Fully Furnished ~ 5 Riverfront Cabins, 2 Off River Cabins, a Building Lot & 6 Boat Slips will be Offered in Multiple Tracts & Combinations & are ALL SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ Offers Made Prior to Auction Day are Welcome! ~ Contact Agents Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com or Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com with Questions.

SPECIAL INSPECTION: OPEN HOUSE to View Cabins on Friday, January 17th, from 10:00 a.m. until 12:00 p.m. (noon) ~ Contact Agents Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com or Doug Westgate at 501-815-4004 with Questions ~ Auctioneers will be On-site at 10:00 a.m. on Auction Day for Additional Inspection & Bidder Registration.

LIST OF TRACTS & CABIN DETAILS:

(TRACT 2) Cabin #2: 896+/- SF Riverfront Cabin Built in 2008 on a 0.36+/- Acre Lot, 2 Bedroom/ 1Bath w/ 1 Queen, 2 Twin Beds, Whirlpool Tub, Wood Burning Fireplace, Private Covered & Uncovered Patio & Deck Overlooking River.

(TRACT 3) Cabin #3: 960+/- SF Off River Cabin Built in 2008 on a 0.17+/- Acre Lot, 2 Bedroom/ 1 Bath w/ 2 Queen Beds, Whirlpool Tub, Wood Burning Fireplace, Private Covered & Uncovered Patio & Deck.

(TRACT 8) Cabin #8 & 9: 1,296+/- SF Riverfront Duplex Cabin on a 0.27+/- Acre Lot, 4 Bedroom/ 2 Bath w/ 2 Queen Beds, 2 King Beds Each Side Contains Whirlpool Tub, Wood Burning Fireplace, Private Covered Patio Overlooking River.

(TRACT 10) Cabin #10: 540+/- SF Riverfront Cabin Built in 1977 on a 0.15+/- Acre Lot, 1 Bedroom/ 1 Bath (Shower Only) w/ 1 Queen, 2 Twin Beds, Private Covered & Uncovered Patio & Deck Overlooking River.

(TRACT 16) Cabin #16: 862+/- SF Riverfront Cabin Built in 2005 on a 0.14+/- Acre Lot, 2 Bedroom/ 1 Bath w/ 1 Queen Bed, 2 Twin Beds in Loft, Fireplace, Washer/Dryer, Private Covered & Uncovered Patio & Deck Overlooking River.

(TRACT 17) Cabin #17: 862+/- SF Riverfront Cabin Built in 2005 on a 0.20+/- Acre Lot, 2 Bedroom/ 1 Bath w/ 1 Queen Bed, 2 Twin Beds in Loft, Fireplace, Washer/Dryer, Private Covered & Uncovered Patio & Deck Overlooking River

(TRACT 21) Cabin #21: 1,148+/- SF Off River Cabin Built in 2009 on a 0.6+/- Acre Lot, 3 Bedroom/ 2 Bath w/ 1 King Bed, Fireplace, Whirlpool Tub, Washer/Dryer, Private Covered Patio.

(TRACT 30) Lot #6 Lobo Landing: 0.34+/- Acre Off River Lot Fronting on Lobo Lane, Level Lot w/ a Few Mature Trees, Ready to Build, Utilities Available.

(TRACT 31) Boat Slip #2: Jon Boat Slip Located in the Lobo Landing Resort Dock.

(TRACT 32) Boat Slip #6: Jon Boat Slip Located in the Lobo Landing Resort Dock.

(TRACT 33) Boat Slip #8: Jon Boat Slip Located in the Lobo Landing Resort Dock.

(TRACT 34) Boat Slip #16: Jon Boat Slip Located in the Lobo Landing Resort Dock.

(TRACT 35) Boat Slip #17: Jon Boat Slip Located in the Lobo Landing Resort Dock.

(TRACT 36) Boat Slip #21: Jon Boat Slip Located in the Lobo Landing Resort Dock.

SPECIAL INSPECTION: OPEN HOUSE to View Cabins on Friday, January 17th, from 10:00 a.m. until 12:00 p.m. (noon) ~ Contact Agents Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com or Doug Westgate at 501-815-4004 with Questions ~ Auctioneers will be On-site at 10:00 a.m. on Auction Day for Additional Inspection & Bidder Registration.

TERMS ON CABINS, LOT & BOAT SLIPS: (CABINS) $25,000.00 (Per Cabin) ~ (LOT) $10,000.00 ~ (BOAT SLIPS) $5,000.00 (Per Slip), All in the Form of a Cashier’s Check made Payable to 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% Auction/Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.