Real Estate Auction
Thursday, February 26th 4:00PM
Registration & Inspection begin at 3:30PM
140 W. Pike St.
Louisa, KY 41230
This fully remodeled four-unit apartment building in Louisa, Kentucky, presents an excellent opportunity for investors seeking immediate cash flow. All units are currently rented, generating a total monthly income of $3,350.
Property Details:
- Fully Remodeled 4-Unit Apartment Building
- All Units Rented
- Monthly Rents:
- Unit 1: $1,000
- Unit 2: $800
- Unit 3: $750
- Unit 4: $800
- Total Monthly Income: $3,350
- Each Unit 2 Bedrooms, 1 Bath
- Living Room, Kitchen, and Dining Room in Each Unit
- Washer/Dryer Hookups
- Central Heat and Air
- Off-Street Parking
- City Water & City Sewer
- Lot Size: 0.18 Acres ± (as assessed)
Lawrence County Parcel ID: 105-10-13-001.00
Legal Description: 4 LOTS & APARTMENT BUILDING
GPS: Coordinates: 38.114389 N, 82.609513 W
Directions: From I-64 West, take Exit 191 to US Route 23 toward Louisa. Travel approximately 0.3 miles and turn left to stay on South US-23 toward Louisa. Continue for 21 miles, then turn left onto KY-2565. After 0.8 miles, turn left onto Public Way (KY-2566). In 900 feet, turn right onto N. Lackey Avenue. Travel 0.4 miles and turn left onto W. Pike Street. The property will be approximately 150 feet on your right.
Sold in cooperation with Woodrow Wilson, Broker 179027
10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders), payable to Woodrow Wilson, Broker, 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.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer 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.
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
Joe R. Pyle RP3864
