Faith Farms Retirement Dispersal Auction in Elm Grove, LA

Real Estate, Homes, Equipment, Income Producing Property For Sale at Auction in Bossier Parish, LA


Nice home, horse barn, with stalls, office , hay barns, hunting mancave log cabin, open arena, and covered arena with wedding venue facility with commercial kitchen, storage facility & cell tower, bunk house & mobile home, on 50 ± acres.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Begins: 06/23/18 at 9:00 AM CDT
Location: google pin icon 1145 HWY 527, Elm Grove, LA 71051
INSPECTION
Began: 06/03/18 at 2:00 PM CDT
Ended: 06/03/18 at 4:00 PM CDT
Location: google pin icon 1145 HWY 527, Elm Grove, LA 71051


AUCTION

Faith Farms Retirement Dispersal Auction

Real Estate, Homes, Equipment, Income Producing Property

            After 35± years in business, Mr. Larry an Mrs. Debra Roberts have decided to retire. Bonnette Auctions Louisiana Outdoor Properties Auction and Real Estate Group will be offering the following real estate and equipment at public auction live and online Saturday June 23rd 9am.

            The property has a nice home, horse barn, with stalls, office complex, hay barns, hunting mancave log cabin, open riding arena, and enclosed riding arena with heated and cooled wedding venue facility with commercial kitchen, an income producing storage lock facility and cell phone tower, bunk house and separate mobile home, all nicely situated on 50± acres of improved pasture. This property is conveniently located just 8 miles south of Bossier City, in the country in the Elm Grove community.

            The property will be offered at live auction separately and then offered in its entirety. Equipment and furnishings will also be sold. The tracts to be sold and property descriptions are as follows:

            Tract 1- 83 storage units and a cell phone tower rental contract situated on 1.726± acres. The storage units are approximately 20% occupied with an average income of $5,000± per month. The cell tower return $900± per month. The unit sizes are 5×10, 10×10, 10×15, 10×20, and 10×30. There is a right of first refusal to Verizon Wireless on the sale of the tower contract. Buyer of tract 1 will have to honor this lease and right of first refusal to Verizon. Copy of contract lease will be available for review on the documents page. Grain bin on this tract will be sold separately to be moved.

 

            Tract 2- 2,000± sq.ft. double wide mobile home with 4 bedrooms and 2 baths situated on 12.51± pastured and fences acres with frontage on HWY 527.

           

            Tract 3- 4.31± acres with a 2,154 sq.ft. log home with 3 bedroom 2.5 baths with large porches, barn with horse stalls and lab, hay barn, separate office with storage and parking, log cabin man cave hunting building, and much more. The home is energy efficient with solar panels, city water, and a 100KW Onan natural gas generator that runs the whole complex.

 

            Tract 4- 26± acres with a 165 x 220 covered arena consisting of 36,000± sq.ft. under roof. 8,000± sq.ft. of this building is heated and cooled with a reception and dining hall used for weddings and events. This area has a complete commercial kitchen, dining hall, event hall, restrooms, brides room, and stage area overlooking the arena. The open arena portion has a feed room, washrooms, and penning areas, with Big Ass fans, and stadium seating. There is also a 2-bedroom bunkhouse and 30 x 72 shop and apartment, and 40ft container w/ A/C with this tract.

           

            Tract 5- This tract is a combination of tracts 1 through 4 in their entirety sold in one tract.

 

Past income generators for this property:

 

  • Storage Buildings Rental
  • Cell Tower Rental
  • Grain Bin / Deer Corn / Feed
  • Corn Maze
  • Haunted House
  • Rodeo
  • Weddings / Event Rentals

 

Additional information, plats, mapping, surveys, and equipment for sale list will be in the documents section on our website under this auction listing.

 

OPEN HOUSE Sunday June 3rd 2-4pm.

 

For more information call Chris Lemoine, Barbara Bonnette, or Todd Cloinger at 318-443-6614.

REAL ESTATE TERMS & CONDITIONS

REGISTRATION: In order to register at the live auction you must have a bank letter of guarantee, or a pre-approval letter from a finance company.

BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00.

DEPOSIT: 10% down day of auction. Balance due at closing on or before 45 days. Guaranteed good title. For example if the property sells for a total sales price of $110,000.00 including buyer’s premium, then a deposit of $11,000.00 would be put down the day of the auction.

FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify.

DISCLAIMER: All property to be sold “as is, where is”, with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller’s confirmation within 2 business days. LA Lic#818

TAXES: Taxes will be pro-rated.

Video: Faith Farms Dispersal Auction

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19ft shortfall 37ft long
1997 Mack CH613 Four Axle 10 Speed

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Bonnette Auction Company

http://bonnetteauctions.com

3804 McKeithen Dr Alexandria, LA 71303

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