Foreclosure - Two 4-Plexes Plus Single Family Home Heathsville/Callao, VA

Property Location MAP

Offering A: 11252 & 11272 Northumberland Hwy
Heathsville, VA 22473

Offering B: 25 Lone Walnut Rd
Callao, VA 22435
Heathsville/Callao, VA  

Property #: FX2012

Preview Times


TBD

Contact Agent

Page Londrey
Tranzon Fox

804-400-9294 plondrey@tranzon.com
Offering FX2012A:   11252 & 11272 Northumberland Hwy, Heathsville, VA 22473

Foreclosure: 4-Plex & Single Family Home Sold Together, Northern Neck, Heathsville, VA


5 RENTAL UNITS: 4-plex and single family rental house offered together! Excellent investment opportunity with tremendous upside.

Built in 2003 to be low maintenance and landlord friendly, the +/- 3400 square foot quadplex has vinyl siding and institutional tile floors.

Each 4-Plex Unit Boasts:
  • 850+/- square feet
  • 2 bedrooms / 1 bath layout
  • 5'x10' Attached storage area
  • Private covered porch
  • Utilities: Separate electric meters and well/septic
  • Central heat/air
  • Washer/dryer hookups

There are two additional storage sheds (11x21 and 12x20) on the property.

Rental House: Built c.1915 the +/- 1,336 house has 3 bedrooms and 2 bathrooms.

This Property is believed to be partially occupied.

Neither the Bank, Substitute Trustee, nor Auction Firm have been provided copies of any leases, and hence can make no representations or warranties regarding occupancy or lease rates/terms. Based on conversations with the owner, it is believed that the 2BR/1BA units rent for $625-650/mo and the rental house for $500/mo.

EACH PROSPECTIVE BIDDER SHOULD DO ITS OWN DUE DILIGENCE TO SATISFY ITSELF WITH RESPECT TO MARKET RENTS AND OCCUPANCY.

Parcel ID #: 27816001
Tax Map #: 26 ((1)) 48
2022 Tax Assessment: $305,200
2022 Annual Taxes: $1,862


Offering FX2012B:   25 Lone Walnut Rd, Callao, VA 22435

Foreclosure: 4-Unit Multifamily, Northern Neck, Callao, VA


4 RENTAL UNITS: Excellent investment opportunity with tremendous upside.

Built in 2003 to be low maintenance and landlord friendly, the +/- 3,400 square foot quadplex has vinyl siding and institutional tile floors.

Each Unit Boasts:
  • 850+/- square feet
  • 2 bedrooms / 1 bath layout
  • 5'x10' Attached storage area
  • Private covered porch
  • Utilities: Separate electric meters and well/septic
  • Central heat/air
  • Washer/dryer hookups

This Property is believed to be partially occupied.

Neither the Bank, Substitute Trustee, nor Auction Firm have been provided copies of any leases, and hence can make no representations or warranties regarding occupancy or lease rates/terms. Based on conversations with the owner, it is believed that the 2BR/1BA units rent for $625-650/mo.

EACH PROSPECTIVE BIDDER SHOULD DO ITS OWN DUE DILIGENCE TO SATISFY ITSELF WITH RESPECT TO MARKET RENTS AND OCCUPANCY.

Parcel ID #: 35785001
Tax Map #: 6 ((1)) 5-I
2022 Tax Assessment: $185,500
2022 Annual Taxes: $1,132


Please be sure to download the Property Information Package ("PIP") by clicking on the words above under “DOCUMENTS.” By downloading this package, you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Page Londrey

Page Londrey: Tranzon Fox

804-400-9294 plondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 40-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Initial deposit of $10,000 per offering, with balance to make 10% due within 48 hours.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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