Average square foot calculated using Size range provided by listing agent.
Description
Property to be sold via simulcast auction by Double A Auction & Realty VAAL#1011. Listing price is opening bid, no pre-auction offers accepted. An excellent opportunity awaits with this two-story home located within the town limits of South Hill. Built in 1945, this 1, 740 sq. Ft. Residence is situated on an approximately 0.20-acre lot and has a history of being used as a duplex. The home features a classic design with a welcoming front porch, wood siding, and a metal roof. Property Features: Layout: Four bedrooms and two full bathrooms - formerly utilized as a duplex Interior: Hardwood floors and plaster walls throughout, needs renovation Heating: Hot water/radiator system fueled by natural gas Exterior: Wood frame construction with a combination brick and concrete block foundation. The property includes a 192 sq. Ft. Open front porch and a 54 sq. Ft. Enclosed porch. Lot: Approximately 0.20 acres with mature trees providing shade to the front and rear of the house Zoning Information: The property is zoned R1-10 Single-Family Residential by the Town of South Hill. According to the Town's Table of Permitted Uses, a "Dwelling, two-family" is a use permitted by right in the R1-10 district. Condition: The property is sold in "AS IS, WHERE IS" condition with all faults and defects. Buyer's Premium: A 10% Buyer's Premium will be added to the final high bid to determine the total contract price. Deposit: The successful bidder must provide a $5, 000 deposit upon signing the purchase agreement. Closing: Settlement is to occur within 45 days of the auction. Owner Financing: The owner is offering first-position financing with an additional $5, 000 non-refundable deposit ($10, 000 total) and payments of the balance at 6% with monthly payments and five-year amortization. Contingencies: The sale is not contingent on financing, inspections, or any other buyer contingencies. This property presents a unique opportunity for investors or homeowners. Be sure to register and be ready to bid on July 24!Show Description