ashland-rental-investment-auction
Auction #154441

ASHLAND RENTAL INVESTMENT AUCTION

6 Unit Home - Good location – Great Rental History – Plenty of Parking

          ASHLAND RENTAL INVESTMENT                         ...

Location:

259 Sandusky St
Ashland, OH

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Category:
Real Estate > Commercial
Type:
LIVE
Date:
Wed, Sep 30th
5:30 PM US/Eastern
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Description

          ASHLAND RENTAL INVESTMENT                                 AUCTION
       Wednesday, September 30 @ 5:30pm
             259 Sandusky St, Ashland, OH
      6 Unit Home - Good location – Great Rental                         History – Plenty of Parking

Offered at ABSOLUTE auction is a great investment property. Whether you are looking to increase your portfolio or become a landlord, you cannot afford to miss this. Currently rented as a 6-unit home, this property offers a great, convenient location with plenty of parking and opportunity. Not to mention stable rental history!

The first floor offers the common entry way. Through the main door is the 3-4-bedroom first floor unit. This unit has 3 large bedrooms, a full bathroom, big kitchen with a large island, living room, access to the basement and a closed in porch that is currently used as a fourth bedroom. This is currently rented as one unit for $800/month total to four students. Lease expiring 7/31/2021.

The second floor has four, single bedroom units, rented separately for $300/month. They share a common kitchen and a large full bathroom complete with designated areas for each units’ items. The leases expire: 2/28/2021, 5/7/2021, 5/31/2021, and 8/31/2021.

The third floor is an efficiency apartment full of character. This unit has its own kitchen, complete with an apartment sized stove/oven and refrigerator, full bath, an eve for a bedroom, one for a living room and the last for another bedroom, office, den, whatever the need maybe. This unit rents for $450/month, lease expiring 8/31/2021.

All floors can be accessed through the main entry way. The first and second floor has its own door accessible through the privacy fenced in back yard. The first floor has a closed-in entry way, adding extra storage. The second floor has a small covered porch. All units can share the laundry room, which is on the second floor. This home, while a rental for quite a while has been appropriately maintained. Three furnaces, one barely used, two replaced within the last 3 years. 2 separate AC units both with coils replaced with in the last 5 years. Roof has had flashing replaced and all the windows except 5 facing west have been replaced with in the last 10 years. Seller currently pays all utilities and takes care of mowing and snow removal. A detached 2 car garage houses the lawn mower and snow blower.

This home was once a lighting store, turned into offices and now a 6-unit rental property, yet still maintains quite a bit of original charm and beauty. Gorgeous wooden staircase, big wood baseboards and trim, beautiful wood pocket doors, zoned other commercial structures, with a little work, your options could be endless.

Call Mary Hartley 419-651-3586 for a private showing.

Taxes/Legal: 259 Sandusky Street is parcel number P43-043-0-0069-00 located in Ashland City School District in Ashland City. Current taxes are $2,335.78 and will be prorated to the day of closing.

Terms: The successful bidder is required to put a non-refundable 10% down the day of the auction with the remainder at closing, within 45 days. A 10% buyer’s premium will be added to the last bid price to determine the purchase price. Home sold as-is, where is. A complete list of details is available at www.RES.bid.

Auction note: Due to health reasons the seller has made the choice to sell this property. He has never had any trouble filling each unit and will happily share his screening process if buyer desires. This is a great opportunity you will not want to miss.

Auction by order of: ASHCO Properties, LLC
 



Andy White - Mary Hartley 419-651-3586
Seth Andrews, Broker


 

Auctioneer

Auction note: Due to health reasons the seller has made the choice to sell this property. He has never had any trouble filling each unit and will happily share his screening process if buyer desires. This is a great opportunity you will not want to miss.