Real Estate Auction – 34 Acres with Eight Mobile Homes

Excellent Income Producing Property!

Real Estate Auction – 34 Acres with Eight Mobile Homes

 

Location:  Compton Lane, Pearisburg, VA 24134

 

Open House/Preview:  Thursday, October 24, 2019 from 4-6 PM 

 

Auction Date:  Friday, October 25, 2019 at 12:00 PM

 

Property Highlights:

  • 34.17 Acres on Six Parcels
  • Parcel Lot Sizes are 1.55, 2.01, 3.20, 4.45, 5.0, and 17.96
  • All Parcels have frontage on State Maintained Road
  • Current Zoning RRA1 Allows for Two Mobile Homes Per Parcel
  • Excellent for Income Producing with Mobile Homes or Future Home Sites
  • Conveys with Eight Mobile Homes; Two 3 Bedroom and Six 2 Bedroom Homes
  • All Mobile Homes have New Tin Roofs Installed in 2019
  • All Mobile Homes have Heat Pumps
  • Most have Laminate Floors in Kitchen and Dining
  • Six of the Units Have Refrigerators and Stoves that Convey
  • There is an Additional Unit that is Not Owned by Seller and has Potential for Lot Rent Income and also a Unit that Will Not Be Included in Auction and Owner has Life Tenancy Until Death at Which Time Buyer Becomes Owner of Mobile Home
  • Each Parcel has Private Septic and Town Water
  • Parcel IDs#41-20, 41-20A, 41-20B, 41-20C, 41-20D, 41-20E
  • Parcels will be Offered Individually and then Grouped as a Whole
  • Located in Giles County
  • Sold to the Highest Bidder!

 

Directions:  From the Town of Pearisburg on Wenonah Avenue/460 Business at the Walmart Stop Light, turn onto Virginia Heights Road.  Travel Approximately One Mile to Compton Lane on Right.

 

Terms of Sale for Real Estate:  The property will be sold “as is” with no warranties, either expressed or implied, except as to Seller’s warranty of good and unencumbered title, possession at settlement, and otherwise as required by law.  10% of the high bid must be paid on the day of sale.  We accept cash or check with bank letter of guaranteed funds. Balance due at closing within 45 days at which time a deed will be delivered. A 10% buyer’s premium will be added to the final hammer price. All information derived from reliable sources believed correct, but not guaranteed. Buyers shall rely entirely on their own judgment and inspection. Announcements from the auction block take precedence over any previously printed material or any other oral statements made. Linkous Auction Group is acting exclusively on behalf of the seller in this transaction.

 

Sale is Being Conducted by:   Linkous Auction Group, Taylor E. Linkous, VAAL #2974.  For Further Information please call/text Taylor at 540.392.4625 or email Taylor at taylor@linkousauctiongroup.com.  For information about broker participation, pre-auction offers, or private showings, please visit our website or contact Taylor.

The property will be sold “as is” with no warranties, either expressed or implied, except as to Seller’s warranty of good and unencumbered title, possession at settlement, and otherwise as required by law. Deposit on the day of auction will be10% with cash or check of the high bid due immediately after conclusion of auction. We accept cash or check with bank letter of guaranteed funds. Balance due at closing within 45 days at which time a deed will be delivered. A 10% buyer’s premium with will be added to the final hammer price. All information derived from reliable sources believed to be correct, but not guaranteed. Buyers shall rely entirely on their own judgment and inspection. Announcements from the auction block take precedence over any previously printed material or any other oral statements made. Linkous Auction Group is acting exclusively on behalf of the seller in this transaction. All property is sold “AS IS”, and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Linkous Auction Group may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Linkous Auction Group be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Linkous Auction Group shall endeavor to describe in detail each item and any pertinent information about it. Linkous Auction Group will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. Linkous Auction Group is providing Internet bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Linkous Auction Group or anyone else if the Internet service fails to work correctly before or during the auction. Linkous Auction Group will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the MAX-bidding feature and leave their maximum bid 24 hours before the auction Ends. Linkous Auction Group reserves the right to withdraw or re-catalog items in this auction.