Nightly / Weekly rental property currently rents 83% of nights thus far in 2021 at an average of $2,600 per night. Net Operating Income currently pacing for more than $575,000 this year. AUCTION SALE AUGUST 14 at 11AM. Sale will be held at the property with viewing available from 9am sale day. THIS IS LIVE, ON-SITE AUCTION SALE. PROPERTY MAY SELL FOR MORE OR LESS THAN LIST PRICE. Amazing investment opportunity for an income producing nightly/weekly beachfront rental. Located in Redington Shores your guests will enjoy their own private beach path in this 8 bed, 6 bath Key-West style masterpiece. The house is located on the only secluded beachfront overnight rental street from Clearwater to Treasure Island. TERMS & CONDITIONS: At the Auction, the winning bidder will place a $100,000.00 deposit with American Heritage Auctioneers, LLC, as escrow agent. Personal checks accepted. The balance is due at closing within 45 days. Seller will pay for the Title Insurance Policy, convey a Special Warranty Deed free and clear of all liens and debt. Seller will pay for the documentary stamps. All prorations will be as of the day before closing. A 10% Buyer premium will be added to the bid to create the purchase price.
TERMS AND CONDITIONS
Address: 17820 Lee Ave, Redington Shores, FL 33708 Auction Sale Date: Saturday August 14 at 11am Public is welcome to participate and bid at this Auction Sale. • At the Auction Sale, the winning bidder will be required to place a $100,000.00 deposit based on the purchase price of the property with American Heritage Auctioneers as Escrow Agent. • At the conclusion of the sale, the Auctioneer will confirm the bid. Once the bid is confirmed, the buyer will sign the Bid Acknowledgement and the Contract for Sale and Purchase and present the Earnest Monet Deposit. Personal checks will be accepted. • The balance will be due at closing within 45 days. • The seller will pay for and will provide a Title Insurance Policy. • The Seller will convey a General Warranty Deed. The Seller will pay for the documentary stamps. All prorations will be as of the day before closing. • A 10% Buyer premium will be added to the bid to create the purchase price.
