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FORECLOSURE REAL
ESTATE AUCTION
By Order of the Secured Party |
Income Producing 8
Unit Apartment Complex
Known as Horizon Apartments
Thursday August 30th, 2007 – 12:00 Noon
512 Roane Street
Harriman, TN
Approx.
4,144 s/f Apartment Building Located in the Historic District of
Downtown Harriman
Click
here to view the auction brochure
Utilities Available: Electric/Water/Sewer
Zoning: C1 Central Business District with a
H1 Historic District Overlay
Taxes: Annual / Back Taxes*
City: $717.36 / $778
County: $ 1010.16 / $1132.16
*Above 2006 back tax estimates include penalties and interest.
Rent
Roll:
| Unit # |
Monthly Rent |
| 1 |
$290 |
| 2 |
$290 |
| 4 |
$290 |
| 5 |
$350* |
| 7 |
$290 |
| 8 |
$325 |
* Separate Detached Building
Electricity
will be in Tenants name; Water will remain in the name of the Owner.
Directions:
Property is located next to the old Post Office Building in
Harriman, TN.
Terms:
10% Buyer’s Premium - Successful bidders will deposit 10% of the
purchase price (including Buyer’s Premium) and is due today in the
form of cash, cashier’s check, personal or company check plus a real
estate sales contract must be signed. Balance is due in certified
funds at closing. CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE.
NO EXTENSIONS AVAILABLE.
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Furrow Auction Company
(800) 438-7769 TN Lic. #62