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Specializing in the sale of
Real Estate at Public Auction

5 Buildings ~ 20 Units ~ Income Producing

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Online-Only Real Estate Auction

Bidding EXTENDED Now Ends

Saturday, August 17th @ 4:00pm

219-237 E. Xenia Drive

Fairborn, OH 45324

20-Unit Income-Producing Opportunity!

DESCRIPTIONIncludes Five, 2-Story Brick Buildings with 4 apartment units in each.Total of 20 units comprised of (3) Studios, (3) Two-Bedroom and (14) One-Bedroom. 18 of 20 units are currently leased with 8 units approved by subsidized through Greene Metropolitan Housing Authority.  Average Rent is $450.  Great location with proximity to Wright Patterson Air Force Base, Wright State University, Fairfield Commons Mall, Transportation and all other amenities. 

*Rent Roll and Financials available upon request and execution of Confidentiality Form available in Documents section of this listing* 

 Address                  Mix                        Rents                        PID


219 E. Xenia Dr.    (4) 1BR                  ~ $1,350 (1 Vacant)  A02-0001-0020-0-0050-00

225 E. Xenia Dr.    (2) 1BR; Std; 2BR   ~ $1,810                  A02-0001-0020-0-0046-00

231 E. Xenia Dr.    (2) 1BR; Std; 2BR   ~ $1,350 (1 Vacant)  A02-0001-0020-0-0047-00

235 E. Xenia Dr. ~   (4) 1BR                   ~ $1,800                  A02-0001-0020-0-0048-00

237 E. Xenia Dr. ~   (2) 1BR; Std; 2BR    ~ $1,750                  A02-0001-0020-0-0049-00

 Opening Bid REDUCED To: $440,000

DEPOSIT AND CLOSINGSuccessful bidder will be required to deposit 10% of the total contract price within 24 hours of auction end.  Close on or before September 13, 2019 through M & M Title Company. 

ONLINE BIDDING NOTES:

Bid Increment: for this auction is $100.

Max Bid: When you place a bid, you can place a "Max Bid" and the system will bid for you in $100 increments up to your maximum bid. You will be notified by email if your maximum is out-bid.

Bid Extensions: If a bid is received within the last 5 minutes prior to the stated Auction End Time, bidding will extend for an additional 5-minute period of time. Bid extensions will continue until a 5-minute period of time elapses after the stated Auction End Time with no advancing bids placed. 

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: $ 11,834


Property Map


LEAD AUCTIONEER

Tim Lile
Email Tim

W: 937-689-1846
F: 1(877)772-4217

AUCTIONEER


Ron Denney
Email Ron

W: 937-572-4468


Basic Terms:

All bidding will be Online-Only. Property sells As-Is subject to Seller Confirmation with no contingencies for financing, inspections or otherwise. All desired inspections must be completed prior to auction end. 10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs. Security deposits on hand as per leases shall transfer to buyer.

Deposit and Closing:

DEPOSIT AND CLOSINGSuccessful bidder will be required to deposit 10% of the total contract price within 24 hours of auction end.  Close on or before September 13, 2019 through M & M Title Company. 


Realtor Participation:

See Realtor Registration Form in documents section of this listing.

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