More Information
ONLINE ONLY REAL ESTATE AUCTION
Bidding will start at $100,000 OR
BUY IT NOW For $143,000
Bidding Ends: Wednesday March 18th @ Noon
PROPERTY ADDRESS: 5 S River St. Franklin OH
Warren County Parcel ID: 432329007
Fully Rented 3-Unit Multifamily | Online Auction + Buy It Now Option
Investor opportunity in Franklin. 5 S River St is a 3-unit, fully occupied multifamily producing $1,470/month in current rents. The property offers 1,860 SF with a total of 4 bedrooms and 3.5 baths across a 2-story layout featuring two main-floor units and one upstairs unit.
Recent improvements include updated vinyl siding, a newer roof, replacement windows, and storm doors, helping reduce near-term capital needs. Both first-floor units feature a living room, bedroom, kitchen, and bath. The upper unit includes four rooms and is equipped with a gas space heater.
Online Auction Terms:
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Bidding opens at $100,000
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Buy It Now: $143,000
Great fit for investors seeking steady cash flow with value-add potential in a convenient location. Do not disturb tenants.
Lot Size: 0.224 Acres
Annual Taxes: $ 2,732 (approx)
Property Map
Basic Terms:
Real Estate sells subject to a minimum bid of $100,000. A 10% Non-Refundable deposit will be collected from the winning bidder the day of Auction no later than 5pm. Deposit instructions will be given to the winning bidder. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. The Buyer pays all closing costs. A marketable, insurable deed will be given at closing with no liens or back taxes.
Disclaimer & Legal Disclosure: 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. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same. In all reserve auctions, Seller & Seller’s agent’s are permitted to place bids as provided for in the Ohio Revised Code & the Uniform Commercial Code. This right is negated in the case of an absolute auction. All auctions are considered with reserve unless specifically presented as absolute.
Deposit and Closing:
Close within 30 days using Assocaites Title Inc.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see & complete Realtor Registration form attachment. Please call Auctioneer to schedule all showings.