Income Generating Investment Property

Online Real Estate Auction

 

Bidding begins closing Monday, June 29^th at 6:00PM

 

2675 US-60E

Grayson, KY

 

This 3-bedroom, 1 bathroom home offers a great investment opportunity with steady income already in place. The property is currently generating $850 per month in HUD-backed rental income.

 

The home features approximately 960+/- square feet of living space and is situated on a 0.29+/- acre flat lot. Additional amenities include central AC, an attached carport, back deck, storage building, and a large driveway.

 

Whether you are looking to expand your rental portfolio or purchase an affordable income-producing property, this home offers excellent potential.

 

• 3 Bedroom / 1 Bathroom
• HUD Subsidized Rent: $850 Per Month
• Total Rent Backed by HUD
• 960+/- Sqft
• Built in 1992
• Central AC
• Attached Carport
• Back Deck
• Storage Building
• Large Driveway
• 0.29+/- Acre Flat Lot (as assessed)
• Parcel ID: 113-00-00-082.02

Sold in cooperation with Woodrow Wilson, Broker 179027

 

10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.

 

REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders), payable to Woodrow Wilson, Broker, with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. REAL ESTATE PURCHASE AGREEMENT WILL BE SENT TO THE EMAIL ON FILE FOR ELECTRONIC SIGNATURE FOLLOWING THE CLOSE OF THE AUCTION AND MUST BE SIGNED IMMEDIATELY. No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied. 

Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation.

 

AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer only.

 

DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.

Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.

 

BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.

 

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

Joe R. Pyle RP3864