REAL ESTATE AUCTION
Live Onsite Bidding
Thursday, November 1st @ 12:00pm
(Internet Bidding Ends @ 1:00pm)
4627 & 4629 Far Hills Avenue
Kettering, Ohio 45429
Property Description: (2) Two-Story, apartment buildings with (16) 1-Bedroom units each. Currently 85% occupied with solid leases in place. Average rent is $500 with potential annual rental income of nearly $200,000. Excellent Far Hills Avenue location in Kettering with easy access to all amenities.
AUCTIONEER"S NOTE: Auction will be conducted in former Daycare building at 4631 Far Hills Avenue located behind these units which is also selling at auction the same day at 2:00pm. Purchasing both properties could open significant opportunities, including future re-development.
FINANCIALS: Print, execute and return Confidentiality Agreement found in the "Documents" section of this listing to receive rent rolls and financials.
Montgomery County PID’s: N64 00409 0004 and 0005.
ONLINE BIDDING NOTES:
Bid Increment: for this auction is $1,000.
Max Bid: When you place a bid, you can place a "Max Bid" and the system will bid for you in $1,000 increments. You will be notified by email if you are out-bid.
Bid Extensions: If a bid is received within the last 5 minutes of the Auction end time, bidding will extend for a 5-minute period. Bid extensions continue until a 5 minute period of time elapses with no bids placed after the stated auction end time.
Tim Lile, CAI – Auctioneer (937)689-1846 TimLileAuctioneer@gmail.com
Disclaimer: Information contained herein was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Annual Taxes: $ 31,660
Sells subject to Seller Confirmation on Auction Day. As-is with no contingencies for financing, inspections or otherwise. All desired inspections should be completed prior to auction. 10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs. Clean Deed at closing with no liens or encumbrances. Rents Prorated to date of closing. Security Deposits on hand will transfer at closing.
Deposit and Closing:
Successful bidder will be required to deposit 10% of the total contract price on auction day. Close on or before December 3, 2018 through M & M Title Company.
See Realtor Registration Form in Documents Section of This Listing