Investment Property in Atlanta

BANKRUPTCY CASE #1:21-BK-57546
ONLINE AUCTION

1127 Hollywood Road, Atlanta, GA 30318
 
BID DEADLINE (Starts to Close): Wednesday, January 29th @ 11 AM

 
ASSET DESCRIPTION: Property consists of a 1,536+/- sq. ft. building and two residential duplexes on a 0.82+/- acre lot. Fulton County Tax Parcel #: 17024800140166. Please note, the property is zonedRG3.  The commercial building has been vacant for an extended period of time.  For future commercial use, county/city approval will be required.

AUCTIONEER'S NOTE: This property was previously offered on October 15th, 2024.  The successful high bidder, Abraham Malobe with Malobe Properties, LLC, defaulted on their contract.  Therefore, the property is being sold a second time.  If you are not able to abide by the the terms of the auction, please do not register.

ONLINE BIDDING REGISTRATION: Online bidding to begin on January 19th, 2025.

INSPECTION: Please contact Auctioneer for instructions. Please note, the auction sign is not on the property being sold.  Due to the shared easement driveway, the sign was posted just to the left.

You are STRONGLY advised to inspect the property and reply on your own findings. Please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com

TERMS: Non-refundable earnest money deposit of 10% shall be wired to Bullseye Auction & Appraisal within 24 hours of contract acceptance. Closing shall occur within 30 days of contract acceptance.

LEGAL CONTRACT: Your participation in our auction is your acknowledgement and acceptance of the terms and conditions presented here. Your failure to adhere to any of these terms and conditions may constitute a breach of contract and may cause irreparable harm to Bullseye Auction & Appraisal and/or our client. In this event, we and/or our client(s) may attempt to recover any financial or other damages by pursuing any action afforded by law.

BUYER’S PREMIUM: There is a 6% Buyer’s Premium for this auction. Example: For a high bid of $100,000, a 6% buyer’s premium of $6,000 will be added making the purchase price $106,000.

BUYER’S NOTE: Real estate is being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully inspect. The real estate is subject to sale prior to auction end date. Online bid increments are at Auctioneer’s discretion.

CLOSING: Purchaser responsible for designating closing attorney and all associated costs. Property to close within 30 days of contract acceptance. Please click "Terms" for auction terms and conditions.

SALE MANAGERS:
Scott Schwartz at 404-550-3490, GAL# 2643
Rick Sammons at 770-490-0798, GAL# 3575

Auction Conducted By:
Bullseye Auction & Appraisal, LLC
6470 E Johns Crossing, Suite 160, Johns Creek, GA 30097
770-544-7479