1-877-BID-OHIO (243-6446) 

Specializing in the sale of
Real Estate at Public Auction

Income Producing Real Estate Auction

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REAL ESTATE AUCTION

December 3, 2013 @ 1:00 PM

(Registration begins at Noon)

Auction held at:

Wyndham Garden Dayton South

31 Prestige Plaza, Miamisburg, Ohio 45342

 Auction includes 9 other properties - most selling absolute!

 Lot 8 Subject Property: 

521 River Road, Franklin, Ohio 45005

Description: Brick, 2-Story multi-family with 8 one-bedroom units built in 1967.  All units have a patio/balcony overlooking the Great Miami River.  7 units currently leased at $425 per.  Tenants pay all utilities.  Previously listed at $342,000, but sellers are highly motivated as they are now re-structuring their portfolio.  Annual Taxes only $2,860.56.  Auction day deposit to Ohio Real Estate Title $7,500.

Warren County PID: 04311010040

 Tim Lile, CAI - Auctioneer

(937)689-1846

TimLileAuctioneer@gmail.com

www.OhioRealEstateAuctions.com

 Information provided here deemed reliable but should be confirmed before relying on same.

 

Annual Taxes: $ 2,860.56


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


DIRECTIONS:

From I-75 take Exit 8 for OH73. Go west on OH73 to Left on S. River Street to subject property on the right.


Basic Terms:

Property sells as-is subject to tenants rights with no buyer contingencies for financing, inspections or otherwise. All desired inspections and financing arrangements should be completed prior to auction day.  Clean deed at closing with no liens or delinquent taxes. 10% buyer's premium will be added to the high bid to obtain final contract selling price. Short pro-ration of taxes. Buyer pays all closing costs.  Subject to seller confirmation on auction day.

Deposit and Closing:

In order to register to bid you must bring a check made payable to Ohio Real Estate Title in the amount of $7,500 which  will be your non-refundable deposit if you are the high bidder. Checks will be immediately returned to all non-winning bidders. Close on or before January 4, 2014 through Ohio Real Estate Title, LLC.

Realtor Participation:

2% Co-op fee available to Ohio licensee representing properly registered, successful bidder who closes on transaction.  You must register your bidder no less than 24 hours prior to auction (Registration Form attached here) and accompany your client to the auction.  Principals to the transaction are do not qualify for co-op.

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