Investment Property for Sale in Floyd VA
On the hunt for a home in or near the town of Floyd VA? How about a building lot? Check out this online auction! There are 2 offerings available. Offering 1 consists of a sweet one level brick ranch home. This property is known as Offering 1. Offering 2 consists of .34 acres which would be perfect for building a home!
These properties would be great for a business or commercial use. Nice level lots with plenty of room for parking areas. Would also make nice convenient residences close to everything the town of Floyd VA has to offer.
Being offered individually. Bidders desiring both offerings will need to be high bidder on both. Both offerings will stay open until all bidding is complete and will close simultaneously.
Online Auction Ending Wednesday October 26th @ 4 PM
811 East Main St., Floyd VA 24091
TBD Willis Ave, Floyd VA 24091
Offering 1 – This Offering features a sweet 3 bedroom, 2.5 bath home with 1,508 sq. ft. of space. Home has hardwood floors under the carpet in the living room and bedrooms. There is an attached single garage and a detached garage/outbuilding with 480 sq. ft. This would be a great fixer upper, investment property or business location! Situated on 0.376 acres just outside of the Town of Floyd limits and walking distance from restaurants, banks, doctor offices, shopping and more. The home has brick siding, a shingle roof, oil furnace, electric baseboard, and a kerosene monitor. Home has a full basement which is partitioned and has a full bath.
Offering 2 – This offering consists of .364 acres just outside the Town of Floyd limits. This property would be an excellent building site for a business, home, etc. The lot has town water and sewer available. There is an easement from Offering 1 through Offering 2 for water & sewer lines. This property is located within walking distance of restaurants, banks, doctor offices, shopping and more.
ONLINE BIDDING – Online bidding is now active and runs through 4 PM on October 26th, 2022. SOFT CLOSE.
PREVIEW DATES - Saturday October 1st @ 10 AM and Thursday October 13th @ 4 PM
DIRECTIONS - From Floyd Stoplight – Travel 221 N towards the Post Office – Properties on Right – See signs.
BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and soil work. Some of the plats in Bidder Pack have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.
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.
SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one lot will need to be high bidder on all lots desired. Each offering will stay open until all bidding is complete and all offerings will close simultaneously.
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).
GENERAL TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per tract required on day of sale (October 26th 2022). Close on or before December 12th, 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. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 4 PM on October 26th 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 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.