ONLINE BIDDING March 1st- 6th
www.SVNGilmoreAuction.com
100% occupied, brick veneer, 3-plex, 2-story, 3739 SF total bldg., total rent $3000 mo., two bedrooms, 1.5 baths each unit, roof 5 years, 50 x 127 lot, leases through 12/31/25. One of nine multi-family properties offered in this online auction.
Legal: Lots 31 & 32, Sq. 220, Highway Park
Directions: Williams Blvd. north to 32nd St. Turn right one block to Idaho. Turn left to the property.
Terms: All Cash Sale, "As Is, Where Is" Condition, 21 Day closing, 10% Deposit, Seller's Notary, 10% Auction Premium Added To The Winning Bid, 2% Of The Bid Price To Licensed Real Estate Agent That Reserves/Registers The Winning Bidder And Closes The Sale, with reserve.
Open House/Inspection: By appt.
Starting Bid: $ 80,000
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
