Income Producing 10 Unit Multi-Family
Auction held at:
Wyndham Garden Dayton South
31 Prestige Plaza, Miamisburg, Ohio 45342
Auction includes 9 other properties - most selling absolute!
Lot 7 Subject Property:
617 River Road, Franklin, Ohio 45005
Description: Brick, 2-Story multi-family with 10 one-bedroom units built in 1968 located along the Great Miami River. All units have W/D hookups. 8 units currently leased at $425 or $450 per. Tenants pay all utilities. Annual Taxes only $3,899.40. Previously listed at $342,000, but sellers are highly motivated as they are now re-structuring their portfolio. Auction day deposit to Ohio Real Estate Title $10,000.
Warren County PID: 04311010031 & 04311010032
Tim Lile, CAI - Auctioneer
Information provided here deemed reliable but should be confirmed before relying on same.
Annual Taxes: $ 3,899.40
Property sells as-is 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.
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 $10,000 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.
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 do not qualify for co-op.