Attention Investors & Rehab, Restoration Contractors. This Fixer Upper Two Story Duplex is in need of Rehab Restoration. The Fair Market Value of every Multifamily Dwelling located on this section of East Rich Street is in the $200,000 to $300,000 range. Location, Location, Location! Walking distance a few streets North to the Bryden Road Mansion Old Town East $500,000 - $600,000 Historic District. This two story duplex has an unfinished 2 bed room, 1 full bath room unit downstairs. The unfinished upstairs unit has 4 bed rooms, 1 full bath room and a huge second story covered porch with a spectacular view of East Rich Street. The first floor unit also has a large cover proch with a view of Each Rich Street. All of the residents of these multifamily dwellings along this section of East Rich Street take great pride and enjoy socializing with their family members and each other on these first and second floor level panoramic view front porches. There is a gorgeous 100% restored single family residence located directly next door. This Fixer Upper Two Story Duplex has the original oak hardwood floors and the original Victorian oak woodwork and tall ceilings everywhere. Both units are in various stages of unfinished restoration. The majority of the original painted oak woodwork in the upstairs unit has been stripped back down to the original unfinished oak surfaces. There is very large attic with a wooden floor and the original Victorian staircase. There is a full concrete block wall basement with concrete floor as additional support for the original rock basement wall foundation. The Lennox Whisper Heat gas fired furnace and other mechanicals that would service both units are located in the basement. Excellent sweat equity, rehab, restoration, fixer upper opportunity.
Lot Size: 34 Feet Frontage x 100 Feet Deep = .0781 Acres
Annual Taxes: $ 781.62
LEAD AUCTIONEERKeith Orr
Please Use GPS Navigation that will take you directly to this Real Estate. Walk a few streets away to the $500,000 - $600,000 Historic Old Town East Bryden Road Mansion District.
The Real Estate Sells "as is" with no warranty written or implied by the Seller or the Seller's Agents. All inspections and due diligence MUST be completed prior to bidding to purchase this Real Estate. A 10% Buyer's Premium Applies and will be added to the successful highest Auction bid to obtain the Total Contract Price. The Buyer must provide a Good Faith Deposit Down Payment equal to 10% of the successful highest Auction bid which will be deposited into the Ohio Real Estate Auctions Trust Account. The Buyer's Good Faith Down Payment is non refundable if the Buyer fails to settle in full and close this transaction for any reason within 30 days with our closing agent Amerititle Downtown, 150 East Main Street, Columbus, Ohio 43215. The Buyer pays all of the closing costs involved in this transaction including Title Insurance. Possession of the Real Estate, free and clear good marketable title and a good deed will be given to the Buyer at closing with no liens, financial encumbrances or back Real Estate taxes.
10% down by direct deposit into our JPmorgan Chase trust account or by credit card payment with a 4% surcharge, which will become your non refundable deposit. Contract signature and deposit must be made by 5 PM the day of Auction. 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. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Bid increments for most Auctions will be $100.
When you place a bid, you can place a "Max Bid" and the computer will bid for you in the increments stated above.
If someone bids within the final 5 minutes of the Auction, the ending of the Auction will be extended by 5 minutes until all bids have been placed.
Deposit and Closing:
This transaction will be closed with Amerititle Downtown, 150 East Main Street, Columbus, Ohio 43215
Realtor showings and cooperation is encouraged. For full compensation you MUST call and register your client with Keith Orr, Auctioneer BEFORE your client contacts us in any manner or bids to purchase this Real Estate via this Online Auction. All non registered prospective Buyers will be considered self represented. No exceptions. Please call Keith Orr, Auctioneer (614) 565-1566 to schedule all showings and inspections. Thank you.