MAJOR CASH FLOW INVESTMENT OPPORTUNITY
Tuesday, July 25th at 5:00PM
Registration & Inspection Begins at 4:00PM
Early Preview Friday, July 14th 2-5PM
67 Fowler Rd
West Liberty, WV
***Adjoining West Liberty University***
***Sidewalk to Walk to Class***
***Prime Investment Opportunity***
Apartment Complex with Major Cash Flow Adjoining West Liberty University
***$375,000 2022 Gross Annual Income***
Property Overview:
4.52 +/- Acres (as assessed)
6 Buildings – 46 Total Units
2 Bedroom Townhouses
2 Bedroom Apartments
Studio Apartments & One Bedroom Apartments
Individually Metered Electric
All Electric Facility
Each Unit with Own Hot Water Tank
Financials Available Upon Request
Yearly Leases 06/01/2023 – 05/31/2024
Newer Roofs on (2) Buildings
See Below for Building Breakdowns
Public Utilities
Building #1: 12 Total Units
(8) Two Bedroom Townhouses
(4) Two Bedroom Apartments
Building #2: 12 Total Units
(8) Two Bedroom Townhouses
(4) Two Bedroom Apartments
Building #3: 2 Total Units
Three Bedroom Apartment
Two Bedroom Apartment
Apartment Complex Office
Building #4: 12 Total Units
(7) Two Bedroom Townhouses
(3) Two Bedroom Apartments
(2) Studio Apartments
Building #5 & #6: 8 Total Units
(4) Two Bedroom Apartments
(4) One Bedroom Apartments
Assessment – Ohio County:
District 9, Map WL10, Parcel 13
2022 RE Taxes Approx. $7,198
Directions: From Oglebay Resort, travel north on WV-88N for 6.1 miles turn right onto Weidman Run Rd, travel 2/10ths mile turn left onto Fowler Apt Rd. Property will be on the left.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied.
Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation unless otherwise noted.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
We don't just list your property - WE SELL IT!
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
Joe R. Pyle, Broker
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
Charlotte Pyle WV2174
Alan Heldreth WV2224
Jordan Kiger WV2246
Bob Stewart, Jr WV825
Bob Stewart, III WV1292
Todd Short WV1649
Tia Wolski WV2351
Ethan Moore WV 354
Taylor Ramsey WV2352
Joe Panico WV2353
Nick Dawkins WV2410
Jonathan Leep WV2452A
