Auction Items For Sale
15-Unit Apartment Building Blacktop Off Street Parking (26 Spaces) – Located On Cul-de-sac Stow City – Stow/Munroe Falls Schools – Summit Co. – Public Utilities – All Two Bedroom/Two Bath Units
Absolute auction, owners retiring after 34 years, all sells to the highest bidder on location:
Real Estate: 15,000+ sq. ft. 15-unit apartment building built in 1979 features 7 ground-level units with common laundry room and storage units. Also landlords utility room. 8 units on the second level. All units have direct outside access. Each unit having applianced kitchen, living room/dining room combo, two bedrooms, one with private bath and 2nd full hall bath. Upper units have decks, lower units have patio. New roof in 2015. Brick/wood exterior. Off street blacktop parking (26 spaces) – all electric FA heat and baseboard – all individual furnaces and central air. Electric hot water. All separate meters. Tenants pay electric. Owners pay water/sewer/trash. Laundry room has separate meter with two sets coin-operated washer and dryer. Registered with AMHA for Sec 8 Summit Co. – rents are month to month with deposits – Stow city water and Summit Co. sewer. 1.3 acre parcel. Located on Cul-de-sac. Real estate taxes $6,686.13 per half year.
Real Estate Terms: 10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price, which goes to the seller. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.