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Bristol VA, 24324

Duplex for Sale in Bristol VA at Online Auction

Auction on 06/23/2022 @ 4:00 PM EST
Auction Type: online

Description

Duplex for Sale in Bristol VA at Online Auction

Check out this great investment opportunity for sale in Bristol VA! Each unit has a total of 2 bedrooms, 1.5 baths and over 1,100 square feet of living space. The kitchens and bathrooms have granite countertops and vanities. Unit A features new vinyl flooring in both bedrooms, new paint and a new kitchen stove. 

This duplex sits on 1.1 acres of land located only 3.5 miles from the City of Bristol VA! This 2 level duplex has a great rental history. Unit A is currently vacant and has been rented out at $800 per month. Unit B is currently rented for $700 per month with a one year lease that expires November 30th, 2022. Unit A includes a carport, and both units have storage buildings. 

This property would be the ideal investment property! Live in one unit and rent the other out! Located just a few minutes from Bristol VA, where you can find great restaurants, shopping and parks!

20269 Benhams Road, Bristol, VA 24324
Online Auction Ending Thursday, June 23rd @ 4 PM

Online Bidding – Online bidding is now active and runs through 4 PM on June 23rd, 2022. SOFT CLOSE.

Preview Date - Saturday, June 18th at Noon

Directions – From 1-81 S Exit 5- at the bottom of the ramp make a right on Lee Highway and at the traffic light make a left on Island Road. Go approximately 2 miles and turn right onto Benhams Road. Go 3.5 miles and the property is on the right. See sign.

Contact – Broker & Auctioneer Matt Gallimore at 540-239-2585 or email gallimore.matt@gmail.com; Or contact Debbie Dotson at (276) 608-3570 or email DebbieLDotson1@yahoo.com

GENERAL TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (June 23rd 2022). Close on or before August 8th 2022. Subject to seller confirmation.  Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on June 23rd 2022. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).