**PENDING** Rental Investment Homes for Sale at Auction in Martinsville VA

  • , , , ,
  • Fri, Apr 12, 2024
  • 3:00 PM
  • Online only

Description :

** PENDING** Rental Investment Homes for Sale at Auction in Martinsville VA

Looking for your next real estate investment? If so, look no further! These 2 homes are for sale in the City of Martinsville, VA. Homes are convenient to all the amenities that downtown Martinsville has to offer. Purchase 1 or both! Live in one, and rent the other out, or use both as rental properties! The opportunities are endless.

Online Auction Ends Friday, April 12th at 3 PM
Offering #1 - 711 Carter St., Martinsville, VA 24112
Offering #2 – 715 Carter St., Martinsville, VA 24112

Click Here for Bidder Packet
Click Here for Interactive Map

OFFERING #1: 711 Carter St., Martinsville, VA 24112
This large farmhouse in the City of Martinsville features a total of 3 bedrooms, and 2 baths, with 1,642 sq ft of living space. It has an extra-large eat in kitchen, which had new appliances installed in 2014. Enjoy the spacious dining room and living room for family gatherings. There are 2 bedrooms and 1 full bath on the main level, and 1 bedroom and 1 bath upstairs. Home features hardwood floors throughout. The home is heated off oil radiator and 2 mini splits, which are also used for cooling and were installed in 2014. Home was completely repainted, and replumed in 2014 as well. It sits on +/- 0.459 acres with a large backyard. Outside the home you will find a brick bbq and single carport. Home is currently rented at $650 per month. 

OFFERING #2: 715 Carter St., Martinsville, VA 24112
This great starter or investment home features 1,176 sq ft of living space. There are 2 bedrooms, one on each level, and 1 bath on the main. The den area is great for relaxing or extra storage. Home features an attic space in the eaves, which is great for extra storage. The main level bedroom has a gas wall heater, the dining room has a vented gas space heater, and the upstairs is heated by rising heat through floor vents. Home features hardwood floors on the main level and carpet upstairs! In 2014 the home underwent several upgrades including a new roof, new heater system and the kitchen and bathroom were remodeled. Home sits on +/- 0.172 acres in the City of Martinsville. The large backyard is ideal for children or pets to run and play on! Enjoy the long front porch for relaxing on in the evenings.  This home would be a wonderful first home or investment property. Home is currently rented at $550 per month.

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Booie DeHart at 276-952-5061 or email BooieD@yahoo.com

DIRECTIONS: From the intersection of Route 57 & 220, take 220 Business towards downtown Martinsville. Take N Virginia Ave (Route 220 Business) for approximately 6 miles to a left onto Spring St, to an immediate right onto Carter Street. The homes are on the left, see signs.

BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one offering (home) will need to be high bidder on all offerings (homes) desired. Each offering will stay open until all bidding is complete, and all offerings will close simultaneously.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information.

Terms/Conditions :

10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 per tract is required on the day of sale. Close on or before May 28th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on April 12th, 2024. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

Attachment :

Lots / Categories :

Real Estate Properties

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