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5.52± Acres • Commercially Zoned (CG)
Location! Location! Location!
Just north of the Oklahoma State University Athletic Village & Boone Pickens Stadium and the new Stillwater High School Football Stadium is directly across the street.
Property will be auctioned as Tract A and Tract B or in combination at the discretion of the auctioneer.
Tract A: 3.78± acres (CG) (including 0.50± acres in flood plain)
6 structures, 44 apartments includes:
(4) efficiency, (18) 1BR, (14) 2BR, (8) 3BR (includes office apartment), Laundry Facilities & storage building.
Legal Description: Blocks Two (2) and Three (3) in COLLEGE HOMES ADDITION to the City of Stillwater, Payne County, Oklahoma.
Tract B 2.14± acres (including 0.13± acres in flood plain)
(1.74± zoned CG and 0.40± zoned RM)
4 structures, 24 apartments includes (12) 1BR, (12) 2BR
Legal Description: Block One (1) in COLLEGE HOMES ADDITION to the City of Stillwater, Payne County, Oklahoma. AND: Lots One (1) and Two (2), in Block Four (4), Hert's Subdivision of Blocks Four (4) to Nine (9), inclusive, COLLEGE HOMES ADDITION to the City of Stillwater, Payne County, Oklahoma.
TERMS
10% down day of auction, 15% at closing (25% total down payment). Balance to be paid in equal monthly installments on a 25 year amortization schedule, all due in 15 years (balloon payment) at a 6.5% fixed interest rate. Secured by first note and mortgage. No prepayment penalties. Cash will be accepted. Delivery by warranty deed. Subject to approval of title. No Buyer's Premium! Rents, taxes, utilities and insurance prorated to closing date. Announcements made day of auction will take precedence over all advertising and printed material.
DISCLAIMER:
The information contained herein has been taken from public and private sources and is believed to be true and correct. However, no liability for accuracy or content of the sales brochure, marketing materials or bidding packets, or for any error or omissions herein is assumed by the Seller or Auction Companies. It is the responsibility of any Buyer(s) to do an independent due diligence prior to bidding on the property. The property is being auctioned on an "as is, where is" basis, with all faults, if any.
Call C.R. for more information: 405-714-0175
AUCTION CONDUCTED IN COOPERATION WITH:
Tom D. Berry Auctioneers & Brokers
405-372-2466 614 1/2 S. Main, Stillwater, OK 74074
www.berryauctions.com
In conjunction with Harry Marton Realtors, LLC.
125 W. 7th, Stillwater, Oklahoma, 405-372-2312
www.harrymartonrealtors.com
