2 Unit Investment Property in Chestnut Hill, Lancaster County, PA

This 2-unit home in the sought-after Chestnut Hill neighborhood offers great potential for both investors and future homeowners. The first-floor unit features 1 bedroom, 1 bath, a basement, and access to the backyard. The upper unit includes 3 bedrooms, 1 bath, a spacious bay window, main floor laundry, and outdoor stairs leading to the fenced backyard. Additional perks include 2 off-street parking spaces. Hardwood and vinyl flooring are throughout the home. Located within walking distance to Downtown Lancaster's dining, Central Market, and more, and close to shopping, healthcare, and major highways, this property combines convenience with a prime location. Don’t miss the chance to own or invest in this desirable Chestnut Hill property!

Scheduled Auction Date: Thursday, Oct 24, 6pm

The seller is considering pre-auction offers. If the seller accepts a pre-auction offer, the auction will be canceled.

Please note that all written offers will be presented to the seller. The MLS listing price is often the suggested opening bid for the auction and may not reflect the reserve price. We expect the property to sell for a higher amount than the MLS list price.

Offers that more closely match the terms of the auction, such as those with no financing or inspection contingencies, have a higher likelihood of being accepted by the seller. An inspection report is available for this property.

Please review the auction documents attached to this listing. Typically, the buyer is responsible for all transfer taxes when a property is sold at auction.

The auction terms include a 10% buyer’s premium added to the high bid. There is no obligation to add the buyer's premium to a pre-auction offer. The price of a pre-auction offer, if accepted, will be the total purchase price. There will be no additional buyer’s premium added to pre-auction offers. Naturally, the seller will consider the total financial value of accepting an offer prior to the auction.

By registering as a buyer and/or bidder on the property, you agree to these Terms and Conditions. The live real estate auction will be held on Thursday, October 24, 2024 at 6pm. On location bidding is available at the time of the auction. Online bidding is available starting on Tuesday, October 1 through the live auction happening at 6pm on Thursday, October 24. The auctioneer will stream live from HERE. to sell the property.

This property is being offered free and clear of any liens and encumbrances with no warranties or guarantees in “As-Is” condition with all faults and defects. The sale is not subject to any contingency, including mortgage or inspection contingencies. Purchaser understands that any and all required or needed repairs, inspections, surveys, or permits are strictly and solely Purchaser’s expense and obligation.

There is a 10% buyer's premium paid by the buyer on the winning bid. The winning bid plus the 10% buyer's premium will comprise the total purchase price.

The real estate transfer taxes will be calculated on the total purchase price. The buyer pays both transfer taxes.

The property taxes are estimated to be $7,438 for the current tax year.

The property is being offered with a reserve and will be sold subject to seller’s confirmation.

The winning bidder will pay a $30,000 down payment and sign the Purchase Agreement and Seller’s Property Disclosure Statement at the conclusion of the auction.

Balance due at settlement. Settle on or before Friday, December 6, 2024. Seller requires rent back up to 6 months following settlement to allow time to find suitable housing

If the purchaser fails to comply with the terms and conditions of this auction or the purchase agreement, the seller may retain the deposit as liquidated damages, and may proceed to make a resale of the property, either at public or private sale.

The seller and/or H.K. Keller has the right to reject any bids.

Only the registered bidder, POA or contracted agent may bid using the registered account, unless arrangements with H.K. Keller have been made.

If you are an online bidder and your bid wins the property, we will give you call regarding collecting the down payment as well as email a Purchase Agreement and Seller’s Property Disclosure Statement to sign electronically or to print, sign, scan and return via email. These documents should be completed and returned within two hours.

Online bidders will have 24 hours from the conclusion of the auction to pay the down payment via wire transfer or cashier’s check unless prior arrangements have been made with the H.K. Keller.

The signed Bidder Registration Form must be submitted to H.K. Keller by 12pm on Auction Day, Thursday, October 24, for a brokerage representation to be acknowledged. All bidders whether in person or online must complete the form. Please email the completed form to [email protected].

Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. Please contact Mike Keller at 717-725-2487 if you need assistance with the online bidding platform or need to bid over the phone.