Open House for Multi-Parcel Real Estate auction | Parcels 1, 2 and 3

Open House for Multi-Parcel Real Estate | Tracts 1, 2 and 3 | 714 Maple St., Conshohocken, PA 19428

Appointments Preferred
Welcome to 714 Maple Street in Conshohocken! Alderfer Auction presents a fantastic investment opportunity in this highly desirable Borough of Conshohocken located minutes from Philadelphia and King of Prussia, as well as, steps away from Sutcliffe Park. Tract 1 is a 5,120 sq, ft. apartment complex with 6 units. 5 of the units feature 1 bedroom, and 1 unit features 2 bedrooms. Tract 2 is a .09 acre lot with a 3-Car Garage/Storage Building. Tract 3 is comprised of two lots of vacant land on West Eighth Avenue to be sold individually or together, totaling 1.3 acres. Tracts 1, 2 and 3 will be sold via Multi-Parcel Auction held live on site in Conshohocken and online on Thursday, July 22nd at 4:00 PM.

Open Houses Sat. June 19th from 1-4PM; Wed. June 30th from 2-5PM and Thurs July 8th from 2-5 PM

Welcome to 714 Maple Street in Conshohocken! Alderfer Auction presents a fantastic investment opportunity in this highly desirable Borough of Conshohocken located minutes from Philadelphia and King of Prussia. 

Tracts 1, 2 and 3 will be sold via Multi-Parcel Auction held live on site in Conshohocken and online on Thursday, July 22nd at 4:00 PM. Parcels include:

 

Tract 1: Apartment complex with 6 units. 

Tract 1 is a 5,120 sq, ft. apartment complex with 6 units, of which 3 are occupied. 5 of the units feature 1 bedroom, and 1 unit features 2 bedrooms. Situated on .06 acres and located steps away from Sutcliffe park, this property features convenient commuter access to major highways as well as shopping, restaurants and schools. Recent improvements to the building include: Endless gutters installed (both sides); The roof was replaced within the last 5-8 years; The chimney has been repointed within the last 2 years. CLICK HERE to view more information on Tract 1.

 

Tract 2: 3-Car Garage/Storage Building 

Located on a .09 acre lot, this building features 3-car storage with single and double doors operated by remote control.  CLICK HERE to view more information on Tract 2.

 

Tract 3: Two lots of vacant land on West Eighth Avenue to be sold individually or together, totaling 1.3 acres. Tract 3 abuts Sutcliffe Park.

Tract 3 is comprised of two lots of .44 acres and .88 acres respectively, totaling 1.3 acres which abuts the beautiful Sutcliffe Park. This parcel had registered subdivision plans by Commonwealth of PA, County of Montgomery in 1992. Zoning is BR1. CLICK HERE to view more information on Tract 3.
 

Tracts 1, 2 and 3 will be sold via Multi-Parcel Auction held live on site in Conshohocken and online on Thursday, July 22nd at 4:00 PM.

 

Purchase tracts individually, in combination with the other tracts, or all 3 tracts in their entirety. 

 

Online Pre-Bidding Coming Soon!

 

Address: 714 Maple St., Conshohocken, PA 19428

 

OPEN HOUSES:

To better assist you, appointments are preferred - 

CLICK HERE to sign up

 

Saturday, June 19th from 1:00 PM - 4:00 PM

Wednesday, June 30th from 2:00 PM - 5:00 PM

Thursday, July 8th from 2:00 PM - 5:00 PM

 

NOTE: Tract 1 - Units 1, 4 and 6 will be available for previewing at any time. Units 2, 3 and 5 are occupied and are only available for previewing during scheduled Open House times.

Realtor-assisted showings available any time for unoccupied properties and vacant land. Email RealEstate@AlderferAuction.com

 

 

Broker participation is welcome!

 

Registration day of auction will begin at 3:00 PM

 

Sale is subject to seller confirmation

 

A 6% Buyer’s Premium will be added to the hammer price to determine final purchase price

 

The winning bidder will hand deliver the certified funds or cash for $10,000 per tract at time of auction.

 

Settlement on or before September 30, 2021

 

See below for more information on Multi-Parcel auctions.

 

Zoning is BR1 Residential District One - View Borough of Conshohocken Zoning Map

View BR1 Zoning Information

 

Alderfer Auction will be adhering to all COVID-19 Guidelines.

 

For all inquiries, contact Alderfer Auction's Real Estate Team

Sherry Russell | Real Estate Specialist

RealEstate@AlderferAuction.com | 215-393-3000

 

 

Multi-Par Auction

What is it?

A Multi-Parcel Auction divides properties into multiple tracts, allowing a property to be sold in 3 ways: in its entirety, as individual tracts, or as any combination of tracts. This style provides maximum flexibility by giving buyers the option to only bid on the tracts of interest, while generating the greatest value and transparency for the seller.

How does it work?

In a Multi-Par Auction, Round 1 of the bidding begins by establishing a starting bid for each tract, done so in standard auction format. Once the high bids are established on all tracts, Round 1 ends.

In Round 2, buyers will have the opportunity to raise bids on any desired combination of tracts in the predetermined auction-increments (typically $1,000). If a buyer wants to purchase all tracts, the buyer must have the high bid on each tract. A bid, on a combination of parcels, can be broken up as buyers raise the bid on individual parcels, resulting in a total bid that is greater than the original combination bid.

Overall, bids are placed with the auctioneer. As new raise-bids and tract-combinations are established, the Multi-Par Auction tally-board is updated to reflect: all combinations, the respective high bids, and the “back-in-bidder” amounts. The auction will continue until there are no more raise-bid requested.