THIS IS A COMPLETED SALE
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8 Unit Motel w/Living Quarters in Albert Lea, MN
Previous Page Listing ID#: 67583

Auction Location
Albert Lea, MN 56007

Auction Dates and TimesSALE IS COMPLETED
Bidding Starts: Wednesday Apr 11, 12:00 AM Bidding Ends: Thursday Apr 26, 3:00 PM

Auction Type
Online Auction VIEW ONLINE CATALOG

Company Information
Right-Way Auction Website: right-wayauctionservice.com/index.html GoToAuction.com ID#: 4024 View company information and listings

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Listing Terms and Conditions
Bidder Registration: Although there is no obligation to bid, all prospective buyers MUST register to bid at www.ucprorealty.com. For assistance in registering or placing bids call United Country Pro Realty at (320) 274-1341 Downpayment: $5,000 non-refundable down payment for winning bidder. Cash, personal & company checks or certified fund will be accepted. Balance in full due at closing. Buyers to have financing arrangements made prior to bidding on the auction with no contingencies of any kind accepted in the purchase agreement. Closing: Within 45 days after the auction at a title company to be determined. Quick Close Possible. Buyer's Premium: A 10% buyer's premium will be added over and above high bid. This will equal the contract price. Example: Total bid price: $100,000 plus 10% buyer's premium equals a purchase price of $110,000.00. Failure to Close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited. Title: This property will be sold free & clear from any & all liens & encumbrances, but subject to any zoning, enviromental, or other municipal, federal & state laws, easements, rights of way or other matters of record. Buyer to accept property in as-is condition. Seller & Auctioneers Disclaimer: All announcements and updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in "as is" condition. Buyer will sign an as-is addendum. Sale is subject to seller's confirmation. Agency Disclosure: United Country Pro Realty represents the seller in this real estate transaction. For motel financials please contact United Country Pro Realty at 320-274-1341. Auctioneer #: 86-120

Listing Terms and Conditions

Bidder Registration: Although there is no obligation to bid, all prospective buyers MUST register to bid at www.ucprorealty.com. For assistance in registering or placing bids call United Country Pro Realty at (320) 274-1341 Downpayment: $5,000 non-refundable down payment for winning bidder. Cash, personal & company checks or certified fund will be accepted. Balance in full due at closing. Buyers to have financing arrangements made prior to bidding on the auction with no contingencies of any kind accepted in the purchase agreement. Closing: Within 45 days after the auction at a title company to be determined. Quick Close Possible. Buyer's Premium: A 10% buyer's premium will be added over and above high bid. This will equal the contract price. Example: Total bid price: $100,000 plus 10% buyer's premium equals a purchase price of $110,000.00. Failure to Close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited. Title: This property will be sold free & clear from any & all liens & encumbrances, but subject to any zoning, enviromental, or other municipal, federal & state laws, easements, rights of way or other matters of record. Buyer to accept property in as-is condition. Seller & Auctioneers Disclaimer: All announcements and updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in "as is" condition. Buyer will sign an as-is addendum. Sale is subject to seller's confirmation. Agency Disclosure: United Country Pro Realty represents the seller in this real estate transaction. For motel financials please contact United Country Pro Realty at 320-274-1341. Auctioneer #: 86-120

Listing Information

ONLINE AUCTION Bidding Opens 4/11/18 Auction Ends Thursday, April 26, at 3 p.m. Great Investment Owner/Occupant Opportunity! Hotel/Motel in Albert Lea, MN of US Hwy. 65 8 Unit Motel that is well maintained with cable, refrigerator and microwave in each room. There is a grassy picnic area outside and ample parking spaces. Located on a busy road with easy access to downtown and freeway. Living quarters for owner or live in manager. Brand new roof installed! MLS#: 4794125 Well maintained business Brand new roof Cable, refrigerator and microwave in each unit Outside picnic area Ample parking spaces Located on busy road Easy access to downtown and Interstate 35 Living quarters for owner or live-in manager Attached 2 car garage 1 acre lot 240x200 irregular Freeborn County MN PID# R34.049.2100 Great revenue & returns 2017 Property Taxes: $3802

Auction License: 86-120

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