6+-ACRE APT COMPLEX Bord. SHIPPENSBURG UNIVERSITY

Auction Information

Auctioneer

HURLEY AUCTIONS

717.597.9100

Auction Date

Nov 13

Auction
Location

15-85 Sunbeam Ct.
Shippensburg, PA

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Time

01:00PM

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ABSOLUTE AUCTION
6+-ACRE APARTMENT COMPLEX Bordering SHIPPENSBURG UNIVERSITY 
15-85 Sunbeam Ct., Shippensburg, PA 17257
 
Directions: From I-81 Exit 24 take Rt.696/Olde Scotland Rd toward Shippensburg. Left on Fayette. Right on Rt.11/King St. Left on Queen. Right on Britton. Left on Sunbeam Court.
 
6+-ACRE APARTMENT COMPLEX Bordering SHIPPENSBURG UNIVERSITY on 3 SIDES: Sunbeam Court/Rocky Knob Apartments. Successful HIGH-RETURN investment property with 7 APARTMENT BUILDINGS with (27) 2 & 3 bedroom apartment units, and also APPROVED LOTS for 9 additional buildings consisting of 40 more apartment units-utilities & infra-structure already in place. 
15 SUNBEAM COURT:  
v     (4)– 2-bedroom (optional three bedrooms)   1 bath, kitchen,
v     Each 750sq.ft. 
v     Basement 1500 sq.ft.
Rent Income: $3200 / month
Year Built: 1998         -Newly renovated
Occupancy: Fully occupied
Renter: Phi-Delta Fraternity rents entire building. No Security Deposit. Rented for the past 8+-years. Lease June 1,2009 to May 31,2010
 
 25 SUNBEAM COURT:  
v     (3)-2 Bedroom -1 bath-kitchen, each with 750 sq. ft.
v     (1) 1 Bedroom-1 bath-kitchen -375 sq.ft.
v     (1) 2 Bedroom-1 bath-kitchen-900 sq.ft.
v     Basement 1950 sq. ft. 
Rent Income: $3400/month
Year Built: 1997         -Newly renovated
Occupancy: Fully occupied
Renter: Delta Zeta Sorority rents entire building: No Security Deposit: Rented for the past 10+years. Lease June 1, 2009 to May 31, 2010
 
45 SUNBEAM COURT –Building 4-1:
v     (4) 2 Bedroom (optional 3 bedrooms)-1 bath-kitchen-
v     Each with 750sq.ft.
v     Basement 1500 sq. ft.
Rent Income:  $3200/month 
Year Built: 1998         -Newly renovated
Occupancy:  2 Units occupied ($650/month) other 
3 ready to rent.
Renter: McDaniels lease August 2009 to May 31, 2010 / Williams lease September 2009 to May 31, 2010
Security Deposit: $650/per unit
 
45 SUNBEAM COURT –Building 4-2:
v     (1) 2 Bedroom (optional three bedroom)-1 bath-kitchen 750 sq. ft.
v     (3) 3 Bedroom-1 bath-kitchen, each with 750 sq. ft. 
v     Basement 1500 sq. ft. 
Rent Income:  $3200/month 
Year Built: 1999         -Newly renovated
Occupancy: Fully occupied
Renter: Price Group rents entire building. Security deposit $4000-. Lease June 1 2009-May 31, 2010
 
45 SUNBEAM COURT –Building 4-5:
v     (3) 2 Bedroom (optional three bedroom)-1 bath-kitchen, each with 750 sq. ft.
v     (1) 3 Bedroom-1 bath-kitchen-750 sq. ft.
v     Basement 1500 sq. ft. 
Rent Income:  $3200/month 
Year Built: 1999         -Newly renovated
Occupancy: Ready to be rented
 
55 SUNBEAM COURT:
v     (2) 2 Bedroom (optional three bedroom)-1 bath-kitchen-each with 750 sq. ft.
v     (2) 3 Bedroom-1 bath-kitchen- each with 750 sq. ft.
v     Basement 1500 sq. ft. 
Rent Income:  $3200/month 
Year Built: 1998         -Newly renovated
Occupancy:  Ready to be rented

85 SUNBEAM COURT:
v     (2) 3 Bedroom -1 bath-kitchen-
v     Lover level-1100 sq. ft. 
v     Upper Level 1200 sq. ft.
Rent Income:  $1500/month 
Year Built: 1996
Occupancy: Fully occupied.
Renter: Morran Group rents entire building. $1500-security deposit Lease from June 1 2009-May 31 2010
 
LOT SIZE: Approximately 5.91+-acres
Gross Annual Rent Income: $250,800-
Zoning: MRD-Medium Density Residential
Twp /Munic: Shippensburg/Cumberland Co.
Taxes:  Approx. $14,800-
            Tax ID: 36-33-1867-105
UTILITIES in ALL BUILDINGS: PAID BY TENANTS:
Water: Public
Sewer:  Public
Heat:    Electric baseboard in all units    
Cool:    None
 
Terms: $100,000 down the day of auction in certified funds.  Balance due in 45days.   (See Payment & Financing page for detailed info) 5% Buyers Premium.  Announcements day of Sale take precedence over all printed material. Buyer pays all transfer taxes.
 
Auction Location: Rocky Knob Apartments-Sunbeam Court, Shippensburg, PA 17257. Directions: From I-81 Exit 24 take Rt.696/Olde Scotland Rd toward Shippensburg. Left on Fayette. Right on Rt.11/King St. Left on Queen. Right on Britton. Left on Sunbeam Court.
 
Closing Location: As agreed upon by the buyer and seller
 
Buyer possession: Buyer will have immediate possession upon closing.
 
Showing Date:  Shippensburg properties Friday October 30, 2009 from 12 to 3 PM
 
Several real estate trusts have decided to liquidate portfolio due to the loss of their long-time property manager who has decided to pursue other family interests. OUTSTANDING INVESTMENT OPPORTUNITY-SUCCESSFUL HIGH RETURN PROPERTIES 
 
 www.hurleyauctions.com 717-597-9100/Toll Free 866-424-3337 Email info@hurleyauctions.com  Auction by: Matthew Hurley PA Lic. AU-003413-L

Auctioneer License Information: AU-003413-L

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