Inverness II at Walden

44 unit Apartment/Condo Multifamily Complex

on 1.5+/- acres


13151a Walden Rd, Montgomery, TX 77356

Auction ends Tuesday, September 29th at 11am

Auction is ONLINE ONLY


ALL TERMS AND TIMELINE

SUBJECT TO BANKRUPTCY COURT APPROVAL


8 – 2 bedroom units

36 – 1 bedroom units

Less than 2 miles from Margaritaville!

Complex has a swimming pool and faces the golf course

Currently being operated as apartments. New owner has option to operate as apartments or condominium regime


One bedroom units currently rent for $750/month

Two bedroom units currently rent for $950/month

5 of the one bedroom units need refurbishment and are not currently rentable

Currently 5 vacancies in addition to the 5 units for refurbishment


Click here to Register and Bid!


Property Showing by Appointment

Call/text Mark – 713.594.1576 or mthomas@auctionsection.com



Visit the Complex’s Website – WaldenGolfApartments.com


Click here for Legal Description and Building Layout

Click here for 2020 Property Tax Values

Click here for Partial January 2020 to June 2020 Expenses

NOTICE:

Per the Walden Community Improvement Association (WCIA) there is a $950/unit/year charge.

This charge allows all residents to use Walden Community Pool and Fitness Center.

Click here for Rent Roll from June 2020

Click here for Title Commitment


Terms & Conditions

  1. 12% Buyer’s Premium added to the winning bid price to determine total contract price.
  2. No minimum bid. Final bid subject to seller confirmation.
  3. Auction is ONLINE ONLY.
  4. Extended online close: If a bid is placed in the last 5 minutes, the auction will automatically extend an additional 5 minutes.
  5. Current price listed on MLS or other websites is not deemed a selling price. Many websites will not allow auction only listings.
  6. Cooperating broker participation is offered. Contact the auction company to register your client and receive the terms.  Real estate agent MUST register client prior to client’s first bid.
  7. Closing & payment: High bidder (purchaser) must remit 10% non-refundable payment of the total contract price on auction day to Auction Escrow & Settlement. Balance to be paid at closing within 30 days. Purchaser must sign a non-contingency contract to close within 30 days of the auction date. Seller maintains the right to extend closing an additional 30 days.
  8. Seller/owner/creditor reserves the right directly or through directing the auctioneer to recover equity and/or liquidate debt by placings bids on their behalf up to or equal to a level necessary to guarantee clear title with no tax issues, liens or encumbrances.
  9. Disclaimer: Acreage and square footage dimensions are based on information provided by seller and are believed to be correct; however, purchaser &/or purchaser’s agent/broker shall bear responsibility to confirm all calculations prior to the sale. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. All information provided or contained in a brochure was derived from sources believed to be correct but are not guaranteed.

Contact us for more info – mthomas@auctionsection.com – 713.594.1576