Tax PIN: 2703142337 and more adequately described in
Deed Book 2749, Page 25 of the Burke County Registry.
ONLINE ONLY
December 10th - December 17th Starts Closing at 2PM
PROPERTY DESCRIPTION
Income producing commercial and residential properties - many with current tenants and leases in place. Some residential and commercial spaces are vacant and are ready for new leases.
- Duplex located at 404 W. Main Street, Morganton, North Carolina, Tax PIN:1773401969 and more adequately described in Deed Book 2749, Page 1 of the Burke County Registry.
- Single Family Residential Unit located at 417 W Concord Street, Morganton, North Carolina, Tax PIN: 2703142337 and more adequately described in Deed Book 2749, Page 25 of the Burke County Registry.
- Single Family Residential Unit located at 419 1/2 W Concord Street, Morganton, North Carolina, Tax PIN: 2703142248 and more adequately described in Deed Book 2749, Page 39 of the Burke County Registry.
- 6 Unit Commercial Building located at 223 Avery Avenue, Morganton, North Carolina, Tax PIN: 2703286885 and more adequately described in Deed Book 2735, Page 282 of the Burke County Registry.
- 8 Unit Condominium Building together with common areas located at 305 Park Avenue, Drexel, North Carolina; Tax PIN: 2723696829 and more adequately described in Deed Book 2746, Page 26 of the Burke County Registry. All common areas and residential units were recombined into one sole owner on or around 1980. Owners have since transferred interest by single deed since 1988 when all property was recombined in Deed 742, Page 1103 of the Burke County Registry.
INSPECTION
Only vacant units will be shown. Do not disturb current tenants.
Inspection dates will be posted once available.
AUCTION MANAGER
Chris Crawford
919-935-1974
All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property.
NCAL #3936
Auction Bidder and/or Buyer Default:
The successful Bidder and/or Buyer not executing and returning the contract with the earnest money deposit within 48 hours of the conclusion of the auction will be considered in default and will be black-flagged in our database as a Non-Paying Bidder and will no longer be allowed to participate in our auctions. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder in the event the successful high Bidder does not comply with the terms of the sale. By bidding on the property, the Buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default. By registering and placing a bid, you agree that if you happen to become a Default Bidder or Non-Paying Bidder, Iron Horse Auction Company, Inc. has the right to charge your credit card for the Auction Administrative Fee, which shall be non-refundable.
Auction Administrative Fee
In the event a winning Bidder fails to submit the properly signed "Contract For Sale of Real Property" and earnest money deposit as provided in the pre-stipulated Auction Terms & Conditions, the winning Bidder will be charged an administrative fee of $5,000.00 on the credit card provided at auction registration, or by invoice. Additional default remedies are reserved by Iron Horse Auction Company and the Seller as provided in the Auction Terms & Conditions and "Contract for Sale of Real Property". All administrative fees are non-refundable.
