ABSOLUTE AUCTION

105 & 117 Maple Dr. Cadiz, KY


 ABSOLUTE AUCTION

Thursday, March 25th 2:07 PM

3-Plex & 4-Plex Apartment Buildings

2 Important Properties Selling for its Arizona Owner Retiring/Downsizing After 25 Years of Operation

LIVE ON-SITE AUCTION
Began: 03/25/21 at 2:07 PM CDT
Location: 105 Maple Dr., Cadiz, KY 42211

  ABSOLUTE AUCTION

  

 

Thursday, March 25th 2:07 PM

 

  

105 Maple Dr. Cadiz, KY 3-Plex Apartment Building

 

 117 Maple Dr. Cadiz, KY 4-Plex Apartment Building

 

 

 

2 Important Properties Selling for its Arizona Owner Retiring/Downsizing After 25 Years of Operation

 

According to the PVA, the Triplex brick and frame building located at 105 Maple Dr. has +3,432 Sq. Ft. under roof and 3 – 2 bedroom, 1 bath apartments. The brick and frame building at 117 Maple Dr. has +3,536 Sq. Ft. under roof and 4 – 2 bedroom, 1 bath apartments. Each building has walkout basement with range and refrigerator furnished. Each apartment is in the $500 range per month with several very long-term tenants. Each building has natural gas heat, window unit air conditioning, washer and dryer hookups, city water & city sewer. Each apartment has separate metered electric. One gas meter and one water meter per building. All the apartments are rented. Please respect the tenant’s privacy. Call our office for inspection. Inspection day of auction beginning at 1:07 PM.

 

Auctioneers Note: Absentee owner always kept her rents low, kept renters renting long term. Manager kept buildings maintained. Some remodeling/upgrading recently. Remodeling/upgrading takes place when apartment becomes vacant – floor covering, paint, etc.  Recent roof and breaker systems.

 

Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid/s and included in the total contract price/s. Buildings offered separate and combined as per bidders options. Properties selling to the highest bidder free and clear of any liens, mortgages, or encumbrances. Sells as is. Rents prorated to closing date.

 

Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price.

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Robert Alexander Real Estate and Auction Company

http://rareauctions.com

4000 Olivet Church Road Paducah, KY 42001

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