Redefining Perceptions
about Real Estate Auctions
Call Us Today! 312-852-8523
Joplin, MO - Connecticut Pointe Apartments
Why Buy This Property
Joplin is ideally located in southwest Missouri on Interstate 44 and Highway 71, in Jasper and Newton Counties. It is approximately 200 miles southwest of the center of population of the United States and near the geographical center of the country. Joplin is five miles east of the Kansas state line, eight miles northeast of the Oklahoma state line and 40 miles north of the Arkansas state line. The city is a hub for those traveling from southwest Missouri, northeast Oklahoma and southeast Kansas.
Description
Don’t miss this rare opportunity to quickly complete and begin renting 150 apartments in Joplin’s high demand real estate market which was severely affected by a devastating tornado in 2011 resulting in limited inventory of multi-family apartments!
The real estate most impacted by the storm were apartment buildings and houses many of which were smaller and older starter homes often used as rentals. Multi-family apartment complexes in this neighborhood were mostly destroyed. While the single family home stock has returned there continues to be a strong demand for apartment inventory.
Fully entitled and substantially completed this premier Joplin location is ready for final finish and lease up for the astute investor. Connecticut Pointe Apartments is located near the intersection of Connecticut Avenue and 20th Streets and consists of nine apartment buildings, a clubhouse/management office, outdoor swimming pool on six acres.
Property Location
Auction / Date / Time
November 12, 2015 2:00 PM CDTInspection Dates
-SITE INSPECTIONS: September 24, 29, October 5 & 14, at 10:00 am.* *Please note: Viewers will gather in the Clubhouse to register for the property inspection. In order for us to provide you the best service, please call 312-852-8523 ext 101 to schedule an inspection on one of the designated dates. The tour will begin ten minutes after the hour. Please do not arrive late. Please do not enter the site at other times without prior authorization.
Auction Location
Sealed Bid Auction - Bids to be delivered to the offices of Fine & Company LLC, 747 Lake Cook Road, Suite 100W, Deerfield, IL 60015
Details
Certified Funds To Bid : $100,000
Buyer's Premium (Buyer's Fee) : 6% of the high bid
In Cooperation With : Auction Markets LLC
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-852-8523
michael@fineandcompany.com
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 1.5% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale.
Licensing : Fine & Company, LLC, Michael Fine, Licensed Missouri Broker 1999019186
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. You may dowload the Terms of Sale below.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.