Commercial/Rental Real Estate Auction
Tuesday, March 6th at 10:04am
Location: 315 First Avenue in Kinder, Louisiana 70648
This property consist of a 11,872 sq. foot metal/brick building which is divided into two different rental opportunities. One is approximately 4000 sq. foot and is currently in a lease until July 31, 2019. This lease is in the amount of $1000 per month. The current tenant plans on honoring the lease but understands that if the new owner wants to occupy the entire space he will vacate the property. Yearly property taxes on the building is $6,806.64 and the insurance is $2,967.00 a year.
A $40,000 deposit will be required from the successful high bidder at the time of auction. This deposit can be in the form of cash, cashier's check or business or personal check and is non refundable. This auction is not contingent upon the purchaser obtaining financing so make sure you have all your banking arrangements taken care of prior to the auction. This property is being sold with reserve with every intent to sell.
This property is available for sale prior to the auction so please check back if you are interested.