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Great Investment Opportunity! – 6-Unit Apartment Building

Tuesday, May 02, 2017
Auction Starts: 12:00 PM    -   Real Estate: 12:00 PM
Great Investment Opportunity!
6-Unit Apartment Building – Summit County
Barberton City Schools – Two Blocks From Lake Anna

Owner is downsizing. Absolute auction, sells to the highest bidder on location:
150 8th St NW, Barberton, OH 44203
Directions: From Downtown Barberton take Wooster Rd. (just west of McDonalds) to 8th St. NW and right to auction.
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May 2_8th St.pdf (2.61MB)

REAL ESTATE FEATURES: 6-unit apartment building situated on three city lots. All units have separate gas, electric and furnaces. Owner pays water and trash. Building has full basement & large cement driveway with plenty of parking. $1,673.25 half real estate taxes. $25,980 gross yearly rent potential. Building will be open auction day starting at 11:00 AM only for inspections. Come prepared to buy. Parcel numbers include: 0103316, 0103314, 0103315

UNIT #1: 150 8th St: 8-year tenant paying $400 per month. Having large living room w/ brick fireplace, kitchen, two bedrooms and full bath.

UNIT #2: 150 1/2 8th St: 8-year tenant paying $325 per month. Having living room, kitchen, 1 bedroom with additional walk-through bedroom and full bath.

UNIT #3: 152 8th St: 6-year tenant paying $400 per month. Having living room, kitchen, 1 bedroom and full bath.

UNIT #4: 152 1/2 8th St: 3-year tenant paying $340 per month. Having living room, kitchen, 1 bedroom and full bath.

UNIT #5: 154 8th St: Vacant was paying $350 per month. Having living room, kitchen, 1 bedroom and full bath.

UNIT #6: 154 1/2 8th St: Vacant was paying $350 per month. Having living room, kitchen, 1 bedroom and full bath.

Real Estate Terms20% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price, which goes to the seller. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Auction Order OfRebecca Evans

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Auctioneer/Realtor: Jeff R. Kiko
Email: jeffkiko@kikocompany.com
Office: 330-455-9357 ext 164
Mobile: 330-206-1079
Fax: 330-453-1765

KIKO Auctioneers (330) 455-9357
2722 Fulton Dr. NW, Canton, OH 44718

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