HOUSTON, May 16, 2018 /PRNewswire/ -- Paul A. Lynn
& Associates, LLC announces a multi-property auction of
structures, mostly flooded from Hurricane Harvey and other
redevelopment sites. The portfolio consists of more than a
half dozen sites (more being added) that were flooded by Hurricane
Harvey, ready for rebuilding or redevelopment. One of the
homes has been remodeled and is in move-in condition. Harvey
flooded sites are in Meyerland and Bellaire areas. Also, part of this
auction is a 11,880± SF site that was not flooded, in the immediate
area adjacent to Memorial City. A site at 6638 N. Main can be
developed for residential use and has approved plans and permits in
place. The auction will be Tuesday,
June 12th at the Hilton Galleria Area Hotel
(Formerly Hilton SW), 6780 Southwest Frwy, registration
starts at 5:30, Auction begins at 7:00: Buyer's Seminar will be
Wednesday May 30th 7:00 at
Hilton SW Hotel, 6780 Southwest Frwy.
"Since last summer's Hurricane Harvey flooding, sale of
properties in the affected areas has seen erratic pricing and
Sellers don't know how to price. In this type of
non-traditional market, the auction will help both Sellers and
Buyers find the current 'true market value,'" according to
Paul A. Lynn, CCIM, Broker and
Auctioneer. Suggested opening bids will be as low as
$150,000. The Harvey flooded
properties have been stabilized but are generally not in habitable
condition. They will need to be will raised, rebuilt or
demolished. The property in Memorial City area is at
the corner of Bunker Hill and Barryknoll Ln., City of Houston, can be redeveloped for
multiple types of commercial and/or multi-unit residential
use. The 6638 N. Main site has approved plans and permits and
is ready to build.
Properties are being sold "As-is, Where-is" with no warranties
and no financing contingency. Buyers will need to bring a
$10,000 cashier's check to bid;
closings must take place 30 days following the auction.
Ten percent (10%) Buyer's Premium added to the high bid
price. For details, Terms and Conditions, and other aspects
of the auction see web site www.meyerlandauction.com or contact us
info@meyerlandauction.com, (832) 598-8BID (243). We are
planning a fall 2018 auction, call for information or to include
your property.
About Paul A. Lynn &
Associates, LLC: Paul A. Lynn,
CCIM has been part of the Houston
community for over 40 years with 30+ years of auction experience.
Mr. Lynn has recently sold over 1,200 Hurricane Katrina
impacted properties generating $40± million in sales throughout New
Orleans. Throughout the years Mr. Lynn has been involved
auctioning all types of residential, commercial, land, farm and
special purpose real property and industrial personal property.
Auc. Lic# 9627, TREC Lic# 9000489
Contact: Paul A. Lynn, CCIM
713-825-1771
paullynnccim@gmail.com
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SOURCE Paul Lynn &
Associates