• PERSONAL PROPERTY @ 10AM - REAL ESTATE @ NOON • 4+/- Acres • Farm House • Mobile Home • Horse Facility • Unique Property Northeast of Fort Wayne • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.
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REAL ESTATE & PERSONAL PROPERTY AUCTION - 4+/- ACRES IN ALLEN COUNTY, INDIANA
6925 Black Road, New Haven, Indiana - Allen County, IndianaOwner: Dan & Sue Brandenburger Sat, Aug 29, 10:00 AM
OPEN HOUSE/INSPECTION DATES
Thursday, August 13th from 5pm-7pm
Sunday, August 16th from 2pm-6pm
6925 Black Road, New Haven, Indiana
Held On Site
This a great income producing property with 3 rental units consisting of the following:
Mobile Home - a nice well maintained 1988 12x72 mobile home with additional kickout 2 bedrooms, 2 full baths, kitchen with newer gas range, newer water heater, stack washer and dryer, nice front porch access with new windows and coated roof. Rents for $850.00 a month.
Farmhouse - 2 story farmhouse has been converted into a duplex with approx. 1000 +/- sq. ft. Upstairs with its own private entrance 1 bedroom, 1 bath, like new washer and dryer. Downstairs apartment has approx. 1400 sq. ft. with 2 bedrooms, 1 bath, living room, kitchen, (all appliances stay) newer stack washer and dryer. The duplex has a 3-car garage, (1 space for the upstairs and 2 spaces for downstairs apartment). The duplex rents for $1,400 a month ($600 up/ $800 down). All utilities were payed by the landlord, and all 3 of the LP tanks are leased from United Oil Company.
Horse facility with beautiful living quarters - The barn addition was built in 1993 with riding arena added in 1996. The riding arena is 65 ft. x 150 ft. with 14 ft. sidewalls with OSB over metal, insulated roof. There is a 20 ft. x 40 ft. area for hay storage and an additional garage area. There are 13 horse stalls; 8 like new that are 9 ft. x 12 ft. and 5 older stalls that are 8 ft. x 10 ft.. There are (2) 12 ft. x 12 ft. overhead and (2) 12 ft. x 12 ft. sliding doors and one 8 ft. sliding door. Also has a heated wash area.
The living quarters has 2 full and 2 half baths, 3 bedrooms. A den office, kitchen with bar, dining room with beautiful fireplace (wood burning or gas log) spacious family room area. Consider this: a great space to live in and the rentals make your payment! Other income opportunities for boarding, training, lessons, etc.
Please note: an additional 6+/- acres of pasture can be leased at only $100.00/acre for the entire season from April 1st until October 1st, 2021. Also note *an additional 16+/- acre will be available within the next 5 years. The buyer of the property at auction will have first right of refusal on the additional 16+/- acres.
This property has been zoned commercial retail and was formerly a tac & western store (GOLD STAR SADDLERY). A small portion is currently a beauty salon. The beauty salon will be moving to a new location soon after the auction.
*After the aerial photo of the property was taken, three additional pasture shelters were added.
EQUIPMENT & PERSONAL PROPERTY
EQUIPMENT & TOOLS:
DOWN PAYMENT: 10% of the total Bid Price is due after the auction of the property on auction day. With the balance in cash at closing. The down payment may be in the form of cash, cashiers check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
APPROVAL OF BID PRICE: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of auction. The final bid price is subject to the sellers acceptance or rejection.
DEED: Seller will provide warranty deed.
EVIDENCE OF TITLE: Seller will provide title insurance in the amount of purchase price.
REAL ESTATE TAXES: To be pro-rated to closing date.
CLOSING: To occur approx. 30 days after the auction date, or approximately 15 days after proof of insurable title.
POSSESSION: To be approximately 30 days after closing.
EASEMENT: The sale of the property is subject to any and all easements of record.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.