Absolute auction, all sells to the highest bidder. Location:
Well-maintained 6-unit apartment building built in 1918. Building features 6 units, (3) 2 bedroom, (2) 1 bedroom, and 1 studio apartment. All tenants pay electric and 4 tenants pay gas (2 units landlord pays gas). Electric heat. Most long-term tenants, all current, only 1 current vacancy that can be filled. Rents total $2,850/month. Summit Co. parcel #6707085. Plenty of off-street parking, lot in rear of building. Laundry room and appliances transfer. Location just a block away from Reservoir Park and located beside Seiberling Elementary School. Call with any questions. Units will be open at 11:00 AM day of auction for inspection. Please respect tenants. Good money-making investment! Property was a 7-unit but basement unit has not been used by current owners but could be.
Real Estate Terms
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.