Click here to view details of auction id 633807 :Auction Starts: 5/5/2014 2:15:00 PMAuction Closes: 5/15/2014 5:30:00 PM967 Main St, Hamilton, OH 450136,500 Sq ft on about 0.39 acres- Huge Potential9 units sold with clear title no liens or back taxes - Warranty DeedClear title - Warranty DeedLow real estate TaxesGreat income potentialIncome potential once work is completed is $54,000/ year Type of units:Front Building on the street side 3 units 1 x 2 Bedroom apartment 2 x 1 Bedroom EfficienciesBack of the front Building 2 units 2 x 1 Bedroom apartments 1 x 1 Bedroom efficiencyMiddle section 2 units 2 x 2 Bedroom units-Building at the back (Small 2 story House) 1 x 3 Bedroom unitTotal: 9 units The property has a total of about 6,500 square feet. The building needs some work, but once it's fixed up you'll have 9 units to rent. Some units need little work while others need a lot of work- 2 units are fire damaged. Fire has only affected the 2 units in the center section, the other units are not affected by the fire. The units at the front are in good shape and need very little work to get ready for occupation, mainly some minor dry wall issues and painting. The 2 units in the center section, are fire damaged and need a full rebuild. These remaining 5 units need more work than the units at the front, mainly windows and doors repair/ replacement, minor dry wall repairs, minor plumbing and electrical, repair cabinets in kitchen and baths and painting. Start getting a continuous cash flow from the units that need little work while renovating the other units Location:Great location, good neighborhood close to shops and amenities. Easily accessible being on the bus line. Lively area with a lot of businesses and on a main street. Property values:Main St is in the 45013 ZIP code in Hamilton, OH. The average list price for ZIP code 45013 is $154,004 (Trulia.com) Potential Rental income:Similar units in the area are on average renting forEfficiencies: $350/ month1 Bedroom: $450/month2 Bedroom: $600/ month3 Bedroom: $750/ monthGross rental income: $4,500/ month At this rate, the fully rented property could bring around $54,000 in rental income per year. Low real estate taxes. PROPERTY IS SOLD AS IS, WHERE IS- with clear Title and no liens or back taxes. Warranty Deed. Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer. Buyer will also be responsible for $500 deed prep and doc fee as well as 8.0 % premium. 10% non-refundable deposit and $500 deed preparation and doc fee are due within 48 hours of auction close. Final Payment to be made within 3 weeks of the Auction close.
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