1: Patriot Auctions (PA) are agents for the seller, bidders are representing themselves 2: Winning Bidders will place a 15% deposit as a non-refundable down payment in the form of a good check, cash, or wire transfer no later than 24 hours from the close of this auction. Also, to sign a purchase and sale agreement. 3: 10% buyers premium added to the final bid to establish contract price. 4: Each PA auction may have different bidding increments. The software will calculate the next bid amount before submitting bids. 5: Bidders will need to watch their bidding screen to determine the current winning bid. Bidders will recieve a email notice of Outbid but not guaranteed. 6: PA is not responsible for incorrect or missing listing information. PA has attempted to provide accurate information. However it is the bidders responsiblity to conduct any inspection to determine condition. Bidders should complete their own due diligence prior to bidding. 7: PA shall modify detail of this auction for any reason including but not limited to technical issues, emergencies, and convenience of the auction firm or selller. 8: In the event that there are techincal difficulties related to the auction platform, server, or any other auction related technologies PA reserves the right to extend bidding, continue the bidding, or close the bidding. Niether the company providing the software nor PA shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 9: Winning bidders will be required to sign a purchase and sale agreement with in 24 hours of the completion of the auction. 10: The seller shall pay no closing cost for the buyer, including any lender fee's unless otherwise agreed to in the contract for sale of Real Estate.Closing to be on or before 30 days from the end of this auction. 11: The buyer acknowledges here in that the property is being sold "As Is" with all faults and neither the seller nor PA makes any warranties or representations, express or implied, as to the conditions, square footage, acreage or boundary line of the real property conveyed here in. The seller is not responsible for any repairs. 12: Any buyer or bidder not executing their responsibilities at the conclusion of this auction shall pay PA an amount equal to the Buyer Premium or commission and any expenses incurred for this auction. The buyer shall also pay the seller any damages caused by said breach of contract including attorney fees and cost. If the buyer defaults on any terms laid out in the purchase and sale aggrement in any manner what so ever that the earnest money shall be paid first to PA for commission and expenses and the balance to the sellers. In the event any bidder defaults shall be banned from bidding at any other PA auction. 13: Bidder does hereby indemnify and hold harmless Auctioneer and Seller from any and all damages, claims, or liabilities from injuries to persons or property of any type whatsoever, caused before, during, or after the auction. Final bid is subject to Seller/Owner approval. A bidder is deemed to have accepted an item when making a bid. No bidder shall retract their bid. PA resereves the right to reject any and all bids for any reason. PA reserves the right to cancel this auction or remove any lot prior to the close of bidding. 14: All bids are subject to seller confirmation unless noted Absolute. 15: Possesion is with the deed at closing. 16: Property taxes will be prorated at closing unless otherwise noted. 17: This property is subject to any and all easements and restrictions of record. Also the property is subject to all state and local zoning ordinances. 18: The identity of all bidders will be verified. If a complete verification is not possible then PA will reject the bidder and the bidding activity will be terminated. 19: Bidders agree to keep their username and password confidential, as they are responsible for any and all activity involving their account. All bidders must be 18 years of age or older. 20: Auction is subject to bid extension or soft close out. 21: General Terms and Conditions - 10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Winning Bidders will place a 15% deposit as a non refundable down payment in the form of a good check, cash, or wire transfer no later than 24 hours from the close of this auction. Also, to sign a purchase and sale agreement. Close on or before September 14th 2021. Subject to seller confirmation. 22: Buyer is expected to complete their own due diligence, all items are sold "AS IS, WHERE IS and WITH ALL FAULTS", without any warranties expressed, implied or guarantees of any kind. All Sales are Final, NO Refunds! Catalog, web, and ad descriptions are NOT GUARANTEED. The descriptions have been prepared from information that Patriot Auctions believes to be reliable. Patriot Auctions attempts to ensure 100% accuracy; however, Patriot Auctions is not liable for any errors, omissions, or inaccuracies in the catalog or other written or verbal descriptions. Bidders are responsible to thoroughly inspect items before bidding and to satisfy themselves of such matters as suitability, marketability, completeness, year, make, model, and/or condition. Property is being sold by Online Only Auction. Please note that during the last three minutes of bidding, if a new bid is placed, the clock is automatically extended an additional three minutes. Auction ends once bidding ends.

Patriot Auctions proudly presents this beautiful commercial rental investment. You have the opportunity to purchase an income producing apartment building. There are no back taxes or liens on the property, cap rate of 5.2%. The property is conveniently located with easy access to I-64, IL Rte. 15, and I -255 with all the amenities the Metro East and St. Louis have to offer easily accessible from any direction. The building was built in 1955 has a total of 4,505 square feet of space and 6 units. 12 Bedrooms 6 Bathrooms. The building is on town water and sewer. Interior flooring consists of carpet and vinyl and hardwood. Remodel done in 2000, yearly taxes of $2918. There are no comparable properties in the area, 3 miles from the city of St. Louis, one of a kind great investment property. Apartments are approximately 728sq ft. Located at 1905 Bond Ave, this property is 3.5 miles from The Dome at America's Center as well as the Saint Louis Cardinal's playing at Busch Stadium. Replacement cost on a building of this size today would be $1.2 million+. Start earning money on your investment TODAY.