Real Estate Auction: Apartment Buildings & House – Akron, OH

By Order of Court Appointed Receiver, S. Hanes of Chikol


(2) STAND-ALONE HIGHLY PRODUCTIVE APARTMENT BUILDINGS
(1) 14 Unit & (1) 12 Unit Apartment House

787 E Wilbeth Rd & 811 E Wilbeth Rd • Akron, Ohio

• PROPERTIES SELL SEPARATELY
• SELLS REGARDLESS OF PRICE WITH NO MINIMUM BID

 

ONLINE BIDDING ONLY
Began: 10/27/17 at 3:00 PM EDT
Ended: 12/07/17 at 12:00 PM EDT
INSPECTION
Began: 11/20/17 at 12:00 PM EST
Ended: 11/20/17 at 1:00 PM EST
Location: google pin icon 787 East Wilbeth Road, Akron, OH 44306

INSPECTION
Began: 11/20/17 at 12:00 PM EST
Ended: 11/20/17 at 1:00 PM EST
Location: google pin icon 811 East Wilbeth Road, Akron, OH 44306


(2) STAND-ALONE HIGHLY PRODUCTIVE APARTMENT BUILDINGS

(1) 14 Unit & (1) 12 Unit Apartment House

ON-LINE BIDDING ENDS: THURSDAY, DECEMBER 7, 12:00 NOON

OPEN HOUSE: MONDAY, NOVEMBER 20, 12:00 NOON – 1:00 P.M

 

ON-LINE ONLY AUCTION – SELLS REGARDLESS OF PRICE WITH NO MINIMUM BID!

 

• PROPERTIES SELL SEPARATELY… BUY ONE OR BUY BOTH

• Sale to the successful bidder is subject to confirmation by the Court per statute.

• Income for 787 E. Wilbeth Road, approximately $7,000 per month

• Income for 811 E. Wilbeth Road, approximately $6,000 per month

• 1 Bedroom Apartments

• Coin Operated Laundry in basement of each building

• The 811 E. Wilbeth Road building has storage units in basement.

• Tenant pays electric & units have electric baseboard heat, electric appliances.

• Landlord pays water, sewer, and electric for common areas.

• Each building has a gas hot water for the laundry. The landlord pays that gas bill.

• 787 E. Wilbeth averages about $800 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills.

• 811 E. Wilbeth averages about $600 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills.

• Rent Rolls available upon request. All but one unit is rented. Immediate Cash Flow!!

• Tax Value of 787 E. Wilbeth: $312,690: Semi-Annual Taxes: Approx $6,289. + or –

• Tax Value of 811 E. Wilbeth: $273,400: Semi-Annual Taxes: Approx $6,469. + or

Prior to bidding, you must Directly deposit or wire $10,000 per property into the trust account of Ohio Real Estate Auction. Chase Account #: 988207114. If you are NOT the successful bidder, your deposit will be returned. Sale to the successful bidder is subject to confirmation
by the Court per statute. CLOSING MUST BE WITHIN 45 DAYS. There will be an 8% Buyer’s Premium in effect for this auction that will be added to the final bid in order to establish the contract selling price. The properties are selling on an “As is, Where is” basis with NO warranties or guarantees of any kind

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Thompson Auction Company Inc.

http://thompsonauctioneers.com

3519 St. Rt. 235 Fairborn, OH 45324

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