ABSOLUTE Auction Investment Property – Great opportunity for Multi-Family Investors

    Auction Date: April 8^th, 2019 @ 5pm

Auction to be held at Galion Moose Lodge,

520 S Market St

Galion, OH

Real Estate – Selling at Absolute Auction are four separate properties:

The first property consists of two structures, 111 & 111 ½ West Atwood Street, Galion, OH 44833 which is a 2 Unit property. 111 is a four room, 1 bedroom, 1 full Bath Unit in need of some TLC. 111 ½ is a four room, two-bedroom, 1 bath unit renting for $350 per month plus utilities. The second property is 113, 113 ½ & 115 West Atwood and is a 3-unit building. It is a duplex side by side along with an upstairs unit. The two side by side units are three rooms with one bath. The upstairs unit has a kitchen, living room, two bedrooms and a full bath. Each side rents for $250 and the upstairs rents for $350 per month. Both of these properties offer off street parking and are in need of TLC. A great opportunity for any investor looking to get into the rental business or add to your current inventory.

Property #2 is 342, 342 ½ and 346 S. Market Street, Galion, OH 44833. 342 is a four room, 2-bedroom, one bath unit previously rented at $350 per month. 346 is a five room, two-bedroom, one bath unit previously rented at $350 per month. 342 ½ is a three room, one bedroom, one bath unit previously rented at $250 per month. This property is in need of TLC and again would make a great investment opportunity for someone who isn’t afraid of getting their hands dirty.

Property #3 is 353, 353 ½ & 353 Rear S. Market Street, Galion OH, 44833. 353 is four room, two-bedroom, one bath previously rented for $350 per month. 353 ½ is a three room, one bedroom, one bath previously rented for $250 per month. 353 rear is an efficiency one-bedroom unit previously rented for $200 per month. This property is in need of TLC and could easily be turned back into a cash flowing rental property.

Property #4 is a single-family two-story home with 1,440 sq ft of living space. This home offers six rooms, 2-3 bedrooms and bathrooms. Approximately 5 years ago this home had a fire. At that time the roof trusses and the asphalt shingle roof was replaced. Much of the drywall upstairs has also been replaced. This home is still in need of some updates and repairs and was being rented for $450 per month.

All of these properties have gas forced hot air furnaces and or electric baseboard heat. Some of which are in need of repair or replacement. All the properties are being sold AS-IS and are selling at Absolute Auction where you as the buyer get to pick your price.

Open House – Open House will be Thursday March 28^th from 4:30-5:30pm for all four properties. Showings can also be set up through Brock Rader 419-651-7994 or Shannon Hill 419-651-9180.

Taxes & Legal – Parcel # 19-0024471.000; 19-0026267.000; 19-0026369.000; 19-0026376.000; 19-0024471.000; 19-0026267.000; 19-0026369.000; 19-0026375.000.

Terms – A Non-Refundable 10% down payment of the purchase price is due at the auction with the balance due at closing within 45 days. A 10% Buyers Premium or $3,000.00 minimum will be added to the final bid to determine the final purchase price of each property. A complete list of terms and conditions is available on the web at res.bid.  

Auction by order of: The Estate of Harry D. Kimes

Attorney – David Keller

Administrator – Sherry Vitallo

Probate Case # 00032875

Brock J. Rader, Auctioneer 419-651-7994 Realtor with HER Realtors

Andy White, CAI, Auctioneer

Seth Andrews, Broker/Auctioneer  

Co-Broke – Shannon Hill, Coldwell Banker 419-651-9180