ATTENTION: LANDLORDS & REAL ESTATE INVESTORS!
(27) Rental Units on 4+/- Acres ~ Selling On-site w/Live, Online Bidding Available
DIRECTIONS: From the Intersection of Harrison & St. Louis St. (HWY 167) in Batesville, Travel West on Harrison St., Veer Left onto East Boswell St. & Travel 0.2 Mi., Turn Right onto South Central Ave. (which becomes N. Central Ave.), Proceed NW Along North Central Ave. for 0.5 Mi. & Turn Left onto West Chestnut St., Travel 2 Blocks to the Property & Watch for Auction Signs!
REAL ESTATE DESCRIPTION: (13) 1 Bedroom Brick Veneer Duplexes, Plus (1) Studio Apartment on 4+/- Acres ~ All Units have CH/A & Each Duplex Apartment has a Detached Storage Room ~ Metal Roof Covers on Most of the Units, Plus Concrete Parking & Driveways Reduce Maintenance & Upkeep ~ Current Gross Income of $11,675.00 Per Month (10 Units on Housing Assistance) ~ Zoned R-2 (Residential) ~ A Vacant Portion of the Site may be Used for Construction of Additional Units ~ Also has a Brick Veneer Workshop & Manager’s Office.
AUCTIONEER’S NOTE: This property is excellent for income production; small enough for an individual to own and manage by themselves, but also large enough to employ a resident manager. If you are looking for a great income producing property, this is it. Don’t miss out!
TERMS ON REAL ESTATE: $50,000.00 Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.
INSPECTION: Drive by Anytime to Inspect this Property ~ Contact Broker, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com with Any Questions ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. Day of Auction.
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