“Exceptional Investment Opportunity” | Mogadore, OH | KIKO Auctions and Auctioneers
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NAMEADDRESSAUCTION PRICE
AUCTION #1 8 UNIT 827 S Cleveland Ave
Mogadore, OH 44260
$312,400.00


“Exceptional Investment Opportunity”

Wednesday, May 18, 2016 - 5:30 PM   -   Real Estate Sells at: 5:30 PM
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“Exceptional Investment Opportunity”

AUCTION #1:
Brick Ranch 8-Unit Apartment Complex On 4.6 Acres
Portage County – Suffield Twp. – Field Local Schools

AUCTION #2:
2,071 SQFT Home on .63 Acres
Residential or Commercial Use – 4 Bedrooms – 2 ½ Baths
Portage County – Mogadore Village
Mogadore Local Schools
Owners are downsizing their portfolio. Absolute auction, all sells to the highest bidders on location:
Auction 1: 827 S. Cleveland Ave. Mogadore, OH 44260
Auction 2: 27 S. Cleveland Ave. Mogadore, OH 44260


Directions: Auction #1: Take Rt 532 (Cleveland Ave.) just South of Rt. 224 to auction. Auction #2: Take Rt 532 (Cleveland Ave) North of Rt. 224 towards Mogadore to auction. 
AUCTION #1:
827 S Cleveland Ave. Mogadore, Oh.  Parcel #36-048-00-00-020-000, sells at 5:30 PM on location. Units will only be open 4:30 PM Auction Day.
Well maintained brick ranch 8-unit apartment complex with owner’s suite. All situated on 4.6 acres in Suffield Township. Unit #’s 1,2,3,4,5,6,8 most of them have been updated with oak kitchens and tile floors. Each 1 bedroom with 1 or 1½ baths. Unit # 6 & #8 each have single car garage.

Unit #7: “Owners Suite” at approx. 2,112 sqft. Has huge living room with stone fireplace, skylights and loads of wood work. Large kitchen with dining area, tile floors, pantry, full bath with laundry, three bedrooms each with private shower baths.
See Website for Profit and Loss Statement

HIGHLIGHTS
  • $52,080 in potential gross income
  • Coin operated laundry room
  • 2008 Shingles
  • All separate electric
  • Well and Septic
  • New drilled well in 2015
  • Units 1-5 are on electric baseboard heat
  • Units 6-8 are on Gas Hot water heat
  • Zoned Business
  • Built in 1957
  • 1/2 Real Estate Taxes $2,148.79
  • Each unit has basement storage area
  • Approx. 5,196 Total
 
AUCTION #2:
27 S. Cleveland Ave. Mogadore, Oh. Parcel #39-047-10-00-070-000, sells at approx. 6:00 PM on location. Home will be open Auction Day at 4:30 for inspections.
Two story home situated on nice .63 acre wooded lot. Main level having large kitchen w/ ½ bath, formal dining room w/ built ins, living room w/ hardwood floors and fireplace, family room w/ fireplace and hard wood floors that lead to enclosed sunroom. Second level has three bedrooms and full bath. Master bedroom has additional full bath with large sitting area. Third level being finished with two additional bedrooms. Full basement with modern gas Lenox Merit Series Furnace and central air, updated 150 amp elec. breakers all on public water and sewer. Vinyl siding and shingles were replaced in 2008 and has a nice private back yard. Built in 1900 and ½ real estate taxes are $1,312.36 per half year. Previously rented for $750 per month. Ideal residential or business location, Zoned Central Business, which allows for residential or commercial use.
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Real Estate Terms
15% down auction day, balance due at closing. There will be a 10% buyer premium added to the final bid to determine the purchase price. 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 By Order Of
Jimmic Management Properties LLC
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Auction Team
Jeff R. Kiko
Jeff R. Kiko,
Auctioneer/Realtor
330-455-9357 ext 164


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