1126 N Pennsylvania Ave

Description

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MAY 19TH. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENTS WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. EIGHT 2-bedroom, 1-bathroom single-family homes offered together! This is a terrific investment opportunity! Currently, with 6 homesare rented, monthly income is $2,865 and $34,380 annually. Rents between $325-$650 depending on the length of tenancy and if recentlyremodeled. All tenants pay their own utilities. Seller pays for lawn maintenance. Seller pays trash on 1132 and 1150. Each home,built with concrete blocks, has a paved driveway for off-street parking and features a full bathroom with tub/shower combo, gas range, and washer/dryer hookups in the kitchen. Three of the units have been beautifully updated with new flooring, countertops, bathroom tiling, and paint. The two vacant units are mid-remodel. 1126 - Vacant. Remodel in progress, needs to be finished by buyer 1132 - Remodeled in 2017, wall furnace, a/c window unit (tenant-owned), the seller pays trash on this unit. Rented at $600 per month, MTM 1138 - Wall furnace, a/c window unit (tenant owned), rented at $400 per month 1144 -Wall furnace, a/c window unit (tenant owned). Rented at $325 per month to 15 year tenant, MTM 1150 - Remodeled in 2020 & 2022. Mini split heat pump, seller pays trash. Section 8 tenant $565 per month 1156 - Remodeled in 2020. Wall furnace, a/c window unit (tenant owned), rented at $650per month 1162 -Wall furnace, a/c window unit (tenant owned). Rented at $325 per month to 15 year tenant, MTM 1163 N. Hydraulic- Vacant. Gutted;needs complete remodel. Wall furnace and window a/c. Previously rented at $425 per month Unit 1138 has not yet paid $400 deposit. If tenant pays before sale, deposit will transfer. Unit 1150 has made a partial payment of deposit. Current balance paid is $200 of $565. Amount balance at sale will transfer. Some photos of remodeled properties were taken prior to tenant moving in. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or sellers agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyers premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $20000.