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Auction Information
Auctioneer Thompson Auction Company Inc. 9374268446
Auction Date Dec 07 Auction
Location
787 East Wilbeth Road
Akron, OH
Time 12:00PM
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Auction Listing
AuctionZip Auctioneer ID# 1700

(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

View the full auction listing.







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