Details
For sale ONLY at Auction Saturday May 18th at Noon.
128 & 134 178th Avenue, Redington Shores, Florida
Don’t miss this unique opportunity to BID & BUY these INCOME PRODUCING properties just steps from the beautiful beaches of the Gulf of Mexico!
These two side by side multi-family homes sit in the coveted Commercial Tourist Facilities (CTF) zone of Redington Shores, allowing for short term vacation rentals and possible commercial redevelopment opportunities. These properties are located just West of Gulf Blvd and are just steps from the beach on the Gulf of Mexico.
The largest residence is a tastefully updated two level 3 Bedroom / 2 Bathroom home with hurricane rated windows throughout. There is a duplex (each side has 1 bedroom and 1 bathroom) located on the same parcel that is ideal for beach traveling families looking for a vacation rental property.
The other parcel has two separate dwellings, each with 2 bedrooms and 1 bathroom that are turnkey for a new owner.
The roofs and A/C units on each building have been replaced in recent years and will allow a Buyer to seamlessly take over and begin to generate income right away.
The possibilities are endless with this one of a kind opportunity to own multiple income producing properties in a flourishing beach side community.
Registration onsite begins at 11am with the bidding starting at Noon! Please come prepared to participate in the auction! Read the Terms and Conditions under the “Terms” tab above for details about requirements to bid onsite.
For any questions and to discuss the Auction Terms & Conditions as well as the bidding process please contact EP&C Auctions and Real Estate Services.
Location
Terms
1. BIDDER REGISTRATION: The auction is open to the public and your attendance is welcomed. To register for the auction, you must display a cashier’s check (made payable to Elliot Paul & Company Auctions) in the amount of $50,000.00 in order to bid. Upon being declared the top bidder, the cashier’s check(s) will be applied as a partial deposit and the deposit must be increased to ten percent (10%) of the total contract price of the property due immediately upon signing the contract in the form of a personal check. Please come prepared to participate in the auction.
2. PROPERTY INSPECTIONS: All bidders are encouraged to personally inspect the real estate being offered. All property will be sold in “AS-IS” condition. The buyer will be responsible for all closing costs including, but not limited to documentary stamps, title insurance and all other closing costs. Real Estate taxes 2024 shall be the responsibility of the Buyer. No representation is made with respect to suitability for any intended purpose or use. Please inspect the property and records prior to making any bids.
3. CONTRACT DEPOSIT, PAYMENT: Bids may not be retracted once accepted by the auctioneer. All deposits shall be paid on the day of sale. The successful bidder(s) agrees to sign the purchase contract immediately following the auction. The purchase contract is available for inspection and review. The terms are not negotiable upon being declared the winning bidder.
4. FORM OF AUCTION: Please be advised that the auctioneer shall offer the properties to be sold individually and in combination subject to sellers confirmation.
5. BROKER PARTICIPATION INVITED: Any licensed real estate broker is eligible to earn commission equal to twenty percent (20%) of the net commission provided their clients have been preregistered with the office of the auctioneer.
a) The prospect must be registered in writing with EP&C Auctions and Real Estate Services and counter signed by the broker/salesperson. The registration must be received 24 hours prior to the auction by email.
b) The broker/salesperson MUST attend the auction with their prospect and register at the auction site.
c) Broker/salesperson acting as principals are excluded from receiving commission.
d) Broker/salesperson must be procuring cause.
e) Commission will be paid at the successful closing.
6. CONDUCT OF AUCTION: The method and order of sale shall be at the sole discretion of the auctioneer. The auctioneer may change or modify the Terms and Conditions of this auction by announcement at the podium. Any such announcement shall take precedence over printed material or oral statements made. Bids will be accepted ONLY from bidders who have duly registered in accordance with the Terms and Conditions of sale. Bidders arriving at the auction site without the required deposit will not be permitted to participate in the auction. The auctioneer’s decision relative to bidding increments, order of sale and any disputes between bidders will be final. The auctioneer shall have the right to cancel or withdraw the property at its sole discretion.
7. BUYERS PREMIUM: A ten percent (10%) buyer’s premium will be added to the high bid(s) made and taken and included in the contract price.
8. CLOSING: The purchase contract provides for payment of the balance of the total purchase price to be made no later than thirty (30) days from the auction date. TIME IS OF THE ESSENCE.
9. REAL ESTATE AGENCY DISCLOSURE: As required by Florida Statute 475, which regulates the sale of real estate in Florida, EP&C Auctions and Real Estate Services represents the seller in this transaction.
10. MISCELLANEOUS: Please be advised that this auction will be audio recorded to provide a permanent record of this auction event.
11. AUCTION BROCHURE: All information contained in the auction brochure, online advertising, bidder information or supplied either in writing or verbally by staff members was derived from sources believed to be reliable, but not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records.
12. PREVIEWS: Bidders are encouraged to inspect the property. Contact the auctioneer for preview dates and times..
13. BIDDER INFORMATION: Due diligence and additional information is available to bidders upon request. Please contact the auction company.
