LOCATION: 1218 N 6TH AVE. PENSACOLA FL 32503
AUCTION CLOSES: TUESDAY, DECEMBER 3, 6:00 PM
Shown by appointment. Email: ginaboyleston@gmail.com
Nestled just off 9th Ave, north of Cervantes St., this property offers numerous possibilities for the savvy investor. Located within walking or biking distance to vibrant downtown Pensacola and the scenic bayfront, this property is perfectly positioned to capitalize on the area’s growth.
The home, built in 1940, requires some upgrades and renovation, and it presents a fantastic opportunity for restoration or redevelopment. The property spans two lots, offering the potential to build two single-family homes in this sought-after location.
The exterior features a 2023 roof, a majestic pecan tree in the backyard, and mature palm trees lining the east side, providing a picturesque setting. The home has been a reliable rental for many years, and now, with the seller’s estate motivated to sell, it’s ready for a new chapter.
This is a viable opportunity to acquire a prime piece of real estate in a rapidly developing area. Whether you’re looking to renovate the existing home or develop two new properties, this location offers solid potential.
TERMS: A non-refundable earnest money deposit in the amount of ten percent (10%) of the purchase price will be paid by Buyer at the signing of the purchase agreement, or no later than 3:00 p.m. on December 4, 2024. The remaining balance will be due and payable at closing within 30 days of the auction. The sale is not contingent upon financing, inspections, insurance or contingencies. If Buyer fails to close, Buyer's deposit will be retained by the Seller. Buyer is required to provide proof of funds to close no later than 24 hours prior to the close of the auction online on Tuesday, December 3, 2024 at 6:00 p.m.
All bidding will be conducted online at www.BoylestonAuctions.com. Buyer agrees to abide by the online bidding procedures published at BoylestonAuctions.com and in the Property Information Packet.
AUCTION PREMIUM: To establish the final contract sales price, a ten percent (10%) auction premium will be added to the bid price.
CLOSING COSTS: Buyer will pay for title insurance, documentary stamps on the deed, and recording fees and closing fees. Real estate taxes will be prorated as of the date of closing. Express fees will be paid by the party requiring overnight courier services. Each party shall pay their own attorney’s fees, if any. The transaction will be closed by the following law office: Surety Land Title, 2600 North 12th Ave. Pensacola FL 32503, 850-549-2270, Janna Berry, jberry@suretyland.com.
CONVEYANCE: The property will be conveyed by warranty deed free and clear of liens and encumbrances and subject to covenants, restrictions, road rights of way, and easements of record or unrecorded easements.
SURVEY: Any new survey will be at Buyer's expense.
CONDITION OF THE PROPERTY: Seller agrees to deliver the property in its present, AS IS, condition with no warranties expressed or implied as to any particular usability. The property is being sold subject to any and all local, state or federal regulations. Buyer acknowledges that a personal inspection of the property has been conducted by Buyer, and that Buyer agrees to accept the property in its present, AS IS, condition, or that in the absence of Buyer’s personal inspection, Buyer waives said opportunity to inspect and agrees to accept the property in its present, as is condition.
The property is being sold subject to the seller’s confirmation.
DEFAULT BY BUYER: If Buyer fails to perform the covenants of this agreement, Seller shall have the right to retain the earnest money deposit as agreed upon liquidated damages and Seller shall have the right of specific performance.
DEFAULT BY SELLER: If Seller fails to perform the covenants of this agreement, the aforesaid earnest money deposit paid by Buyer will be returned to the Buyer and this agreement will become null and void.
This addendum is made a part of the purchase agreement by reference. Any all and all announcements made on the website platform by the Boyleston Realty & Auction, LLC take precedence over prior printed materials. Boyleston Realty & Auction LLC, its broker and agents are selling agents only.
