You have the opportunity to purchase up to 8 Duplexes for sale in Martinsville VA. This is an online only auction where you can bid on a single Duplex or multiple Duplexes. Properties are zoned S-R and zoning description is located in Bidder Pack. These properties will be sold simultaneously all lots will remain open until bidding ends. You have the opportunity to purchase multiple tracts as long as you are the winning bidder of those tracts. Bidders will have the ability to monitor their bids on Duplex(es) they are bidding on until bidding is over. For example - if a bidder is interested in two duplexes and they have the winning bid on one but not the other, they can increase the bid on the duplex they arent winning on, and the bid on the one they are winning stays (unless outbid, then they can go back and increase). All 8 duplex bid displays are shown on one screen. The system will let you know if you have winning bid with a green outline or a red outline if you are outbid. You can download bidder pack for Terms of Auction, Maps, Sample Purchase Contract, General Floor plan, and Tax Cards.

Each Duplex has the same general layout. There is a floor plan in the bidder pack. The duplexes were built in 1946 and were updated but have since been damaged. Each Duplex has 1,440 above grade square footage, 720 Square Feet per unit, and 720 square foot basement. Each Duplex is in poor condition and in need of extensive remodeling. They are being sold As-Is and bidders are expected to do their own due diligence prior to placing any bids. Each Duplex lot consists of two tax map parcels that range from approximately .15 acre to .25 acre. They are just outside the City of Martinsville in Henry County between Martinsville and Collinsville in Villa Heights. Each duplex is served by public water and sewer. See each address listed below of the 8 duplexes offered. Download Bidder Pack for Maps and Tax Cards.

The duplexes once remodeled would be good rental units. The units across Dexter Street on Erwin

Street rent for $500 - $550 per unit. They could also be remodeled into single family units.

General Terms and Conditions 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 per tract required on day of sale (June 17th 2021). Close on or before July 17th. Subject to seller confirmation. Property sold as is where is any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on June 17th 2021. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. These lots will be sold simultaneously all lots will remain open until bidding ends. You have the opportunity to purchase multiple tracts as long as you are the winning bidder of those tracts. Auction ends once bidding ends. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

Contact Broker & Auctioneer Matt Gallimore at 540-239-2585