Quality One Owner Six-Unit Brick Apartment Building

Auction in 32340 South Lane , Hanoverton Ohio, United States

14 Monday
October 14th, 2019 6:00 PM
Kiko Auctions
Phone: 330-453-9187

Quality One Owner Six-Unit Brick Apartment Building

Auction in 32340 South Lane , Hanoverton Ohio, United States

Monday at - 14th October , 2019

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Auction Items For Sale

Cozza Family Irrev. Trust Quality One Owner Six-Unit Brick Apartment Building Guildford Lake – Hanoverton, OH Also Selling Adjoining Vacant Lot Both On Sewer – Good Rental History
Absolute auction, owner retired, all sells to the highest bidder on location:

Open for inspection 1 1/2 hours before sale.

Auction #1 – Brick three story – 6 unit - shingle roof – blacktop parking – secluded setting – separate utilities – electric stove and refrigerator with each unit – on sewer – built 1980 – 28 X 50 – brick – (2) one bedroom apartments on each level with oak applianced kitchen, utility room with laundry hookup, full bath, living room, 4 have outside balconies, good rental history and well maintained. Dec 2018 – apartment 1,3,5 all new carpet, water heaters, new doors, some new bath cabinets, drywall – also at this time, all new carpet in hallway and halls repainted, Apt. 1 July 2019 new 220 outlet for dyer, new bathroom outlet, new tub/shower faucet, plus above, Aug 2017 new refrigerator – Apt. 2 2012 painted entire apartment – Apt. 3 all new paint plus above – Apt. 5 2011 new refrigerator – tenants pay own electric – seller pays sewer, garbage, salt for water softener, electric for pumping water and electric for hallway. Apt 1 - $515 Apt 2 - $485 Apt 3 – empty Apt 4 - $485 check comes from mental health Apt 5 - $515 Apt 6 - $525 All tenants have paid first and last months rents plus security deposit which is same as rent.


Auction #2 – Vacant, part wooded adjacent lot with sewer available – lays nice.

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.