Online Auction – Income Producing Cabins Near Lake Livingston

Income Producing Short-Term Rental Cabins and Long-Term Rental Opportunity. The property is close to Lake Livingston with access to a public boat ramp only 5 minutes from the property. The property offers a quiet and serene environment for a short-term getaway or for a longer-term stay. The property is also in close proximity to general stores and restaurants.

DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

• Land Area Gross: .44 AC’s or 19,166.40 SF +|- of land
• 7 Cabins w/ 10 Leasable Units
• 1 BR & 2BR Units Available for Vacation & Short-Term Rentals or Long-Term Stays
• Cabins Include a Variety of Floor Plans w/ Showers, Kitchenettes & Furnishings as well as an onsite Washateria
• Close Proximity to Lake Livingston w/ Tigerville Public Park and Boat Ramp Located within 5 Minutes from the Property
• Approx. 115’ +|- Road Frontage along Scenic Loop (FM 3277)
• Less than 10 Miles from Downtown Livingston
• Polk County and Livingston ISD
• Memorial Point Utility District w/ a Total Tax Rate of $2.63 per $100 of Assessed Value

Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809
In cooperation with Texas C.R.E.S.LLC, Joel English, Principal/Broker
10% Buyers Premium and other terms apply
Online bidding ends August 28th at 2:00 pm CT
Inspection: August 21st at 2:00pm CT
Property Address: 3605 FM 3277, Livingston, Texas 77351
Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com

#tranzon #auction #onlineauction #realestate #realestateauction

Bankruptcy Auction – 4-Story Office Building –
59,625+/- SF Net Rentable Area

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas.

4-Story Office Building w/ 59,625 SF of Net Rentable Area on high visibility SW corner lot of Westheimer and Synott.

DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

Land Area Gross: .1.5817 AC’s or 68,898 SF +|- of land
59,625 SF of Net Rentable Area
4-Story Office Building built in 1984
Great visibility on the corner of Westheimer Rd and Synott Rd
High Traffic Count with approx. 67,000 cars per day
Tenant Mix with tremendous upside for new owners
Covered parking garage and street level parking
No Zoning
48% Occupancy w/ great ground floor leasable space

IMPORTANT NOTICE REGARDING LEASES, RENT, DEPOSITS & TAXES
All tenant leases are considered executory contracts in the bankruptcy and at the time the bankruptcy case converted from a Chapter 11 to a Chapter 7, the Bankruptcy Trustee (“Trustee”) rejected ALL leases and is not in a position to legally assign the existing leases to the buyer. Therefore, Tenants are to be considered tenants at sufferance and new leases will need to be negotiated
The Trustee is not legally able to transfer any tenant at sufferance security deposits to the buyer
The Trustee may enter into a lease agreement with a new tenant post-bankruptcy petition and those leases and security deposits will be valid and transferable to the buyer
2024 Ad Valorem Taxes will NOT be prorated at closing, but will be the responsibility of the buyer when due and payable
All prior year outstanding taxes and liens will be paid by the seller at closing
Kelly Toney, Tranzon Asset Advisors, Court Appointed Auctioneer for the U.S. Bankruptcy Court, Southern District of Texas, Case No. #23-34448

Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809
5% Buyers Premium and other terms apply
Online bidding ends August 27th at 11:00am CT
Inspection: August 22nd at 12:00pm CT
Property Address: 13111 Westheimer Road, Houston, Texas 77077
Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com