2 Retail Store Fronts - 6 Rentals

Item Description

BANKRUPTCY AUCTION 2 RETAIL STORE FRONTS– 6 RENTALS $ 40,000 MIN. BID.!!! THURSDAY, MAY 3, 2012 - 6:00 PM Open House Monday, April 23, 2012 5-6 PM As agents for the US Bankruptcy Court Case # 11-62554, we will sell the following described real estate on the premises located at 132-134 East Main Street, Chillicothe, Ohio 45601. This Brick & Frame 2 story building has 2 retail store fronts, 5 apartments on the 2nd floor and a block detached rental apartment , rear off street parking, Auditors value is $135,940.00. Property is situated between Sac N Save Grocery store and Worly Plumbing Supply. This property was previously listed with another REALTOR and the asking price was $169,900.00. This property sold for $185,000.00 on 11-24-2004. Building needs some work but the opportunity for a income producing property is here!! Previous gross income was reported at $4,000.00 Month! If you are handy and can do renovations don’t miss out on this “Diamond in the Rough!” Real Estate Terms: $5,000.00 down at time of sale in cash or check w/ photo ID; balance and possession upon delivery of deed; offered free & clear prior to closing on or before June 3, 2012, Taxes prorated to the day of closing. Sold in AS-IS condition; Final Bankruptcy Court sale approval is necessary in this Judicial Court Auction. Parcel # 305504031000, Front Lot Size is 19’ x 156’, Rear Lot size is 24’ x 132’, Real Estate Taxes are $ 2,711.98 Yr. No Buyer contingencies exist. All information provided is to be utilized only as a guide. Buyers are responsible to conduct any inspection, inquiry, investigations and due diligence regarding to property. Buyer agrees and understands that the seller makes no warranties or representations of any kind either expressed or implied as to the condition, quality, and merchant ability of fitness for a particular purpose of the real estate or any part thereof and/or serviceability for the same. Buyer is buying property subject to any and all easements, leases, covenants and restrictions. The agreement of auction is solely between buyer & seller. Stanley & Son, Inc. and its agents are exclusive agents of the seller. Any announcements made only by the auctioneer from the podium during the time of auction will take precedence over any previously printed material and/or any other oral statements made or implied. No liability exists regarding the information contained in any printed matter for its accuracy, errors or omissions. Bidding is open, just call out, raise your hand or watch the ring personnel…they will assist you and try to get answers to any questions you may have prior to bidding. The exclusive jurisdiction & venue for any controversy or claim between the parties shall be the State of Ohio, County of Ross, City of Chillicothe, by binding arbitration.