7747-7749 Brookview Drive, Louisville, KY

7747-7749 Brookview Drive, Louisville, KY 40214
Near Doss High School off  St. Andrews Church Road.

24 Unit High Occupancy Apartment building with 2 BR 1 bath units rents in $489 to $509 range. Possible addition of 2 more buildings for total of 72 units.  

Selling financing available for up to 60% of selling price on a contract for deed with monthly payments amortizing the loan over 20 years but due in full at end of 2 years. Note shall bear interest at 7% APR. monthly payment will be $7.75 per thousand borrowed.

Preview: Wednesday, March 10, 12-2pm & Sunday, March 14, 2-4pm

TERMS & CLOSING: Each purchaser or winning bidder shall make a down payment at the conclusion of the auction of 15% of the purchase price in the form of cash, certified check, cashier's check, or good personal check secured by purchaser's personal demand note payable to the Auctioneer.  Balance to be paid for a general warranty deed and insurable title on or before 30 days.   Properties with owner financing are noted.

 ATTENTION BROKERS: Broker participation is invited.  Call Auctioneers for details, required registration forms, and registration deadline. Form also available on website. www.remax100auctionteam.com 

 INTERNET BIDDING:  You may bid in advance of the auction and live during the auction if you have been approved and make the necessary downpayments or required deposits in advance to Auctioneers Escrow account. This will be $5000.00 single family homes and $10,000 for any Commercial Investment property.  The total amount of the 15% of the selling price shall be wired to auctioneers by close of business before 4 pm on March 17, 2010 or down payment will be forfeited and property sold to runner up bidder.  Purchase agreements will be posted on web site.

 AUCTION LOCATION: Auction Held at Holiday Inn 1325 S. Hurstbourne Ln at I-64 in Louisville. (502)426-2600