3600 & 3606 Georgetown Place, Louisville, KY

3600 and 3606 Georgetown Place, Louisville, KY 40215

Absolute Auction No Minimum No Reserve

Place near Churchill Downs and South-end . Management opportunity to renovate low maintenance buildings. Let  your management skills pay you dividends. . 1 Bedroom with LR & Alcove units. . Exterior entries. Current rents are $350 and includes up to $85.00 per month on electric.  Owner financing available with 20% or more down for 5 years with 20 year amortization and 6% interest. Monthly payment  factor is $7.16 per thousand dollars borrowed..

Preview Monday March 8 2 to 4 pm or Thursday March 11 2 to 4 pm

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