24-Unit, 15-Unit & 12-Unit Apartment Buildings | Alliance, OH | KIKO Auctions and Auctioneers
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Entirety 1857, 1859 & 1861 S Sawburg Rd
Alliance, OH 44601

24-Unit, 15-Unit & 12-Unit Apartment Buildings

Friday, September 28, 2018 - 1:00 PM   -   Real Estate Sells at: 1:00 PM
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Outstanding Income Producing Properties
Sierra Apartments
Auction #1: 24-Unit Apartment Building
Auction #2: 15-Unit & 12-Unit Apartment Building
Alliance, OH – Marlington Schools – Stark Co.
Buy 1, 2, Or All 3 Buildings
Absolute auction, all sells to the highest bidder(s) on location:
Auction #1 - 1861 S. Sawburg Rd., Alliance, OH 44601 and Auction #2 - 1857 & 1859 S. Sawburg Rd., Alliance, OH 44601
Directions: Take State St. east of RT 62 in Alliance, go just north on Sawburg Rd.
AUCTION #1 – 1861 S. SAWBURG RD.: Parcel #7700977. 24 efficiency units built in 1976. Units rent for $350 plus electric.

AUCTION #2 – 1857 S. SAWBURG RD.: 15 units built 1976. (5) 2 bedrooms, 2 baths, rents for $475 plus electric. (2) 2 bedrooms, 1 bath, rents for $450 plus electric. (8) efficiency units, rents for $350 plus electric. 1859 S. SAWBURG RD.: 12 units built 1975. (4) 2 bedrooms, 2 baths, rents $475 plus electric. (8) 2 bedrooms, 1 bath, rents for $450 plus electric. Both buildings on parcel #7700822.

NOTE: Excellent rental history and very well maintained and managed units. Roof shingles 2011, each building has coin-operated washers & dryers. Total 2017 gross income approximately $216,000. Units open at 11:00 AM auction day. Call Lori or Pete with questions about how to bid and buy successfully and other details.
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Real Estate Terms
15% 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. 45-day closing. 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
Fairbanks Building Co. Inc.
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Auction Team
Lori Kiko
Lori Kiko,
330-455-9357 ext 126
Peter R. Kiko
Peter R. Kiko,
330-455-9357 ext 128

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