IDABEL, Okla., Dec. 6, 2011 (GLOBE NEWSWIRE) -- United Country Lippard Auctioneers, Inc. (www.lippardauctions.com) announces the public auction of 42 income-producing properties in Idabel, Okla., on Tuesday, December 13, 2011, at 10am local time, according to Troy Lippard, auctioneer.
"We are working with Horace Whitten to downsize his operation. Some of these properties will sell absolute to the highest bidder with no reserve," said Lippard. "This is a tremendous opportunity to purchase income-producing properties at auction prices. We are offering rental homes, single-family homes, commercial properties, hunting land and livestock land at this liquidation auction."
Among the rental houses are: 1301 SE Madison, a three-bedroom, 1 bath home which rents for $550 per month; 508/510 H. Street, 12ft. X 50ft. Mobile home currently renting for $250/month; 1711 Lincoln Road, a four-bedroom, two bath, two-car garage home which rents for $600 per month; 1207 SE Van Buren, a three-bedroom, 1.5 bath home which rents for $500 per month; and 108 SE Avenue J, a nice 1,897 sq. ft. home which rents for $500 per month; plus many more.
Commercial properties up for bid, include: 113 N. Central, a 1,750 sq. ft. property with offices and living quarters which currently rents for $600 per month; 13 E. Main, a 2,000 sq. ft. property; 301 N. Central, a stucco and brick property built in 2006 and currently leased by the state for $2,981 per month.
Single family homes up at auction, include: a 1,099 sq. ft. home and two acres at E. 2190 Road; and 410 SE Avenue H, a 1,580 sq. ft. home in the Oaklawn Addition; plus several more.
There are also several vacant lots, development land and building locations up for bid, including: 54.493 acres at the South end of the airport in Idabel; 806 Lynn Lane, a one-acre wooded building lot; four lots in the Country Club addition on Locksley Street; a vacant lot at 214 E. Duke Street in Hugo, Okla.; two acres at the corner of Bypass and Armory Road (SE corner) in Idabel; and six lots in the South Town Terrace addition; a vacant lot at 504 H Street.
The auction will take place at the Museum of the Red River, 812 E. Lincoln Blvd, in Idabel, Okla. Online bidding for those who cannot attend the auction in person will be provided for real estate and select equipment via Proxibid. Bidders are encouraged to do their due diligence prior to bidding. Bidders must register to participate in this auction. The auction is open to the public. For more information on registering to bid in this auction, plus a complete listing of properties with annual tax rates, current rental incomes and photos visit www.lippardauctions.com, or call (866) 874-7100.
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