June 29, 2026 | 615 1/2 Thomas Drive Condo Auction
Tenant-occupied 2-bedroom investment condo in Hastings selling at auction
Investment opportunity in Hastings, Nebraska! This tenant-occupied 2-bedroom condominium offers immediate rental income with a lease in place through May 31, 2027. Built in 1978 and offering approximately 980 square feet of living space, the property features vinyl siding, underground sprinklers, and a convenient location within the Hastings Public Schools district. Whether you’re looking to expand your investment portfolio or purchase an income-producing property, this online-only auction presents an excellent opportunity to acquire a privately owned rental property with established tenancy.
Property Highlights
- 2-bedroom tenant-occupied condominium
- Current rent of $850 per month
- Lease in place through May 31, 2027
- Approx. 980 square feet
- Built in 1978
- Vinyl siding exterior
- Underground sprinklers
- Alcott Elementary School district
- Hastings Middle School district
- Hastings High School district
- 2025 taxes: $1,016.28
- Income-producing investment property
- Online-only auction
Auction Information
This property is being sold via online-only auction and is privately owned. It is not bank-owned, lender-owned, or the result of foreclosure proceedings. The auction will begin closing June 29, 2026, at 7:00 PM utilizing a soft-close format.
The advertised list price is the suggested opening bid only. The final sale price will be determined through competitive bidding and is subject to seller confirmation.
Open House
An open house will be held Thursday, June 18, 2026, from 5:00 PM to 6:00 PM. This will be an excellent opportunity to view the property and ask questions prior to bidding.
TERMS & CONDITIONS
A 10% buyer’s premium will apply to the final bid price.
The property sells “AS IS”, and all sales are final. Therefore, bidders must determine condition, value, suitability, and all other factors before bidding.
Ruhter Auction and Realty, Inc. may describe the property through advertising, online listings, or auction materials. However, the company makes no warranties or guarantees. Additionally, Ruhter Auction and Realty, Inc. is not responsible for errors or omissions unless a material and intentional misrepresentation occurs.
Bidders who participate off site acknowledge they may not inspect the property as thoroughly as they could in person. As a result, bidders accept the property “AS IS” and understand that no returns or refunds will be allowed.
Furthermore, bidders waive any claim against Ruhter Auction and Realty, Inc., or any other party, due to internet service interruptions, software issues, technical failures, or missed bids from any source during this timed auction. The auction company reserves the right to withdraw the property or make changes to the auction as necessary.
AUCTION CLOSING
The auction begins closing Monday, June 29, 2026, at 7:00 PM with time extensions.
PURCHASE TERMS
A $5,000 earnest money deposit is due within 24 hours of auction closing. The balance shall be paid by cash or certified funds on or before July 30th, 2026.
Example: A winning bid of $50,000 plus the 10% buyer’s premium results in a total contract price of $55,000.
Possession will be granted at closing.
Buyers are responsible for conducting their own inspections and due diligence prior to bidding.