Investment Opportunity: Triplex in Welch

Secured Party Real Estate Auction   Wednesday, May 27th at 11:00AM Registration begins at 10:30AM AUCTION HELD AT THE MCDOWELL COUNTY COURTHOUSE   Property Address: 485 Riverside Dr. Welch, WV 24801   Multi-family investment opportunity located along Riverside Drive in Welch. This 3-unit property offers rental potential in a low-inventory market with limited comparable inventory and consistent occupancy trends.

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Call: Debra Flanigan

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Secured Party Real Estate Auction

 

Wednesday, May 27th at 11:00AM

Registration begins at 10:30AM

AUCTION HELD AT THE MCDOWELL COUNTY COURTHOUSE

 

Property Address:

485 Riverside Dr.

Welch, WV 24801

 

Multi-family investment opportunity located along Riverside Drive in Welch. This 3-unit property offers rental potential in a low-inventory market with limited comparable inventory and consistent occupancy trends.

 

Property Highlights

  • 3 Units – Each 2 Bedroom, 1 Bath
  • 2,496+/- total sqft.
  • Brick Construction
  • Built in 1953
  • Forced Air Gas Heat
  • Public Water & Sewage
  • 0.07+/- Acres (as assessed)

 

District 15, Map 10, Parcel 143

Legal Description: BL 6 L16 HOUSTON ADD

 

Directions: From downtown Welch, take Riverside Drive (US Route 52). Follow along the river corridor—property will be located along Riverside Drive in a residential stretch of the roadway.

 

TERMS OF SALE:

 

1) 10% of the successful bid shall be paid by the successful bidder unto the

Substitute Trustee(s) the day of sale, by cash or certified funds. The

balance of said bid shall be due via certified funds unto the Substitute

Trustee(s) within 30 days of the sale.

2) Subject to any and all mineral rights and reservations, stipulations,

restrictions, reservations, easements, conditions and covenants contained

in all former conveyances of the subject property or appearing of record in

the aforesaid Clerk’s Office except any pertaining to race, color or creed.

3) Subject to all real estate taxes against said property and any taxes which

constitute a lien upon the said property but which are not yet due and

payable.

4) The subject property will be sold in AS IS condition. The trustees shall be

under no duty to cause any existing tenant or person occupying the subject

property to vacate said property.

5) The property will be conveyed by the undersigned Trustee(s) to the

purchaser without warranty of any kind, expressed or implied.

6) The aforesaid sale may be adjourned from time to time as the undersigned

Trustee deems advisable, which adjournment may be made by oral

proclamation at the time and place of the sale or any adjournment thereof.

 

A 10% buyer’s premium is due and payable to Joe R. Pyle Complete Auction & Realty, LLC at the conclusion of the auction.

 

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

 

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