Investment Properties to be Auctioned
Fitzgerald Realty & Auctioneers announces an auction of two investment properties: A Commercial Building in Benedict, MD and a 5-unit Apartment Building in Chaptico, MD.
Date: Saturday July 11 10:00 am Location: Benedict location for both properties Preview: Sunday July 5th 12 noon to 2 pm on each site by appointment only or day of sale.The Commercial Building is two-stories, 3,800 square feet with seven offices, bath kitchenette on the first flow; three large offices, spacious display/storage area, walk-in box. The building is uptown, next to the Benedict Post Office, zoned VC. Many uses: apartments, daycare, professional/contractor office, specialty shops, storage within structure. Will be offered for sale until the week of the auction.
Directions: Rt. 231 to Benedict turn on Benedict Ave. to the building, on left next to Benedict Post Office.
Five-unit Apartment Building; four 1BR/1 BA and one 2BR/1BA. Each apartment has own kitchen and living room. Three acres, a landmark property in a convenient location in the heart of historic Chaptico, MD 20621.
Directions: Rt 5 to Rt. 238; right on Chaptico Road. The apartment building is on the right just before Our Lady of the Wayside on the right at the top of the hill.
From Rt. 234 to Rt. 238, take the round-about toward Our Lady of the Wayside to the apartment building on the left just beyond the church on left.
Auction Terms & Conditions Date: Saturday July 11 10:00 am Location: Benedict location for both properties
Preview: Sunday July 5th 12 noon to 2:00 pm on each site by appointment only or day of sale. Terms: The highest bidder will be required to sign the sales agreement immediately upon the conclusion of bidding. 1. A non-refundable deposit of $10,000. is required and a letter of credit from a bank for the purchase price. Deposit to be increased to a total of 10% of the sale price within four business days of auction. 2. The deposit shall be in the form of cash, certified or cashier’s check (payable in the name of the buyer) and to be held by Fitzgerald Realty & Auctioneers). Settlement: To occur within 45 days or sooner. All closing costs to be paid by the purchaser. Time is of the essence. Condition: Ten percent (10%) buyer’s premium of the high bid will be added to the final bid and will become the final contract price. THERE WILL BE A 2% BROKER’S CO-OP OFFERED WITH PROPER REGISTRATION – CALL FOR DETAILS. ** Fitzgerald Realty & Auctioneers are acting as seller agent.
For more information visit Fitzgerald & Auctioneers.