ONLINE REAL ESTATE AUCTION
Bidding begins closing Thursday, May 7th at 6:00PM
2223 Judy Lane
Ashland, KY 41102
Investment Opportunity – Storage Units & Trailer Park
SOLD FOR ONE BID
Excellent opportunity to purchase a multi-income producing property consisting of a 36-unit storage facility and an 8-unit trailer park, offered in 4 parcels. This property provides immediate cash flow with additional upside through vacancy filling.
Parcel 1 – Trailer Park (4 Units)
2223 Judy Lane
Lot 8 – Partially HUD Subsidized| $750/month | $9,000/year
Lot 7 – Vacant
Lot 6 – Vacant
Lot 5 – Vacant
Parcel 2 – Trailer Units (2 Units)
2211 Gobblers Knob Ct.
Fully HUD Subsidized| $625/month | $7,500/year
2221 Gobblers Knob Ct.
Partially HUD Subsidized | $775/month | $9,300/year
Parcel 3 – Trailer Units (2 Units)
2235 Gobblers Knob Ct.
Tenant Rent | $700/month | $8,400/year
2249 Gobblers Knob Ct.
Partially HUD Subsidized | $830/month | $9,960/year
Parcel 4 – Storage Facility
2269 Gobblers Knob Ct.
36 Total Units
8 Units – 10x20
20 Units – 10x10
8 Units – 5x10
Occupancy: Partially Rented (19 Vacant Units)
Monthly Income: $1,070
Annual Income: $12,840
Total Rental Income
Total Monthly Income: $4,000
Total Annual Income: $48,000
Investment Highlights:
Multiple income streams across 4 parcels
Mix of HUD and private tenants
Value-add opportunity with vacant storage units and trailer lots
Strong upside potential by increasing occupancy
Located in Ashland, KY with strong rental demand
10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.
Sold in cooperation with Woodrow Wilson, Broker 179027
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 unless otherwise noted. Auction company reserves the right to bid on behalf of the seller in an auction with reserve.
AGENCY DISCLOSURE: Joe R. Pyle Complete Auction and Realty Service, LLC 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
