Auction Information
Auctioneer Robert Alexander Real Estate and Auction Company 270-554-5212
Auction Date Aug 27 Auction
Location
65 Park St.
Gilbertsville, KY
Time 10:07AM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
View Full Photo Gallery
Auction Listing
AuctionZip Auctioneer ID# 1586

ABSOLUTE LIVING ESTATE AUCTION

 

Tuesday, August 27th · 10:07 AM 

 

65 Park St. Gilbertsville, KY

Cinderella Motel Near KY Dam

 

2 BR Home- Separate Metered +1,600 Sq. Ft. 5 Bay Garage

Duplex Home- 10 Unit Motel- +2.3 Ac.- 2 Streets

 

 

Quite the money maker and especially popular with fishermen for decades. This property well located to the lakes area is in need of a new owner with the time and energy to return it to its glory days- 100% occupancy is just around the corner.

 

If you were looking to build a small profitable KY Lake family operation, you’d pick this location, you would need the infrastructure found here, you would want the 2 streets for easy access and exposure. Motels, because of their daily rentals, are considered by some to be cash cows. However, boat storage, mini warehousing and assisted living have a good track record in the area as well.

 

Check the 'Documents' tab for a list of general information such as appliances and utilities all included. Property sells as-is, free and clear of any liens, mortgages and encumbrances.

 

 

Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price. Property is subject to tenants’ rights.

 

 

View the full auction listing.







Auctioneer License Information: 173

    Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.