12 Unit Apartment Buildings Sells Regardless of Price
"ONLINE" REAL ESTATE AUCTION (2) Stand-alone Highly Productive Apartment Buildings (1) 14 UNIT & (1) 12 UNIT ****SELLS REGARDLESS OF PRICE WITH NO MINIMUM BID**** 787 East Wilbeth Road & 811 East Wilbeth Road Akron, Ohio ***By Order of Court Appointed Receiver, S.Hanes of Chikol *** Online Bidding Ends, THURSDAY DECEMBER 7, 12:00 NOON (Open House: Monday, November 20, Noon-1pm) PROPERTIES SELL SEPARATELY...BUY ONE OR BUY BOTH Income for 787 E. Wilbeth Road, Approximately $7,000 per month Income for 811 E. Wilbeth Road, Approximately $6,000 per month 1 Bedroom Apartments Coin Operated Laundry in Basement of each building The 811 E. Wilbeth Road building has Storage units in basement. Tenant pays Electric & Units Have Electric baseboard heat, electric appliances. Landlord pays water, sewer, and electric for common areas. Each building has a gas hot water for the laundry. The landlord pays that gas bill. 787 E. Wilbeth averages about $800 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills. 811 E. Wilbeth averages about $600 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills. Rent Rolls available upon request. All but one unit is rented. Immediate Cash Flow!! Tax Value of 787 E. Wilbeth: $312,690: Semi-Annual Taxes: Approx $6,289. + or - Tax Value of 811 E. Wilbeth: $273,400: Semi-Annual Taxes: Approx $6,469. + or - Last purchase price was $810,000 for both properties in 2006. Auditor value for 787 is $312,690. Auditor value for 811 is $259,870. Annual Taxes: $ Aprox. $12,579 and $10,600
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