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Auction Details

CASH COW! PUBLIC AUCTION FRIDAY MARCH 11th 11:00AM

SOLD $145,200

Minimum Bid Only - $124,900. Serious Positive Cash Flow here. $2800 Gross Rents. Owner pays utilities. 6 units, 1-3BR/2-Efficiency Units/3-1BR. PUBLIC PREVIEW - MON MARCH 7th Noon-2PM

Live On-Site Auction

Began: Friday, March 11, 2011 at 11:00 AM EST

Location: 321 N Broadway, Georgetown, KY 40324

Inspection

Began: Monday, March 07, 2011 at 12:00 PM EST

Ended: Monday, March 07, 2011 at 2:00 PM EST

Location: 321 N Broadway, Georgetown, KY 40324

Details

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 6 units, all rented. Serious Cash Cow Here! Apt #1-three bedroom $750/month - Apt #2- efficiency $330/month - Apt #3-efficiency $330/month - Apt #4-one bedroom $500/month - Apt #5 one bedroom $460/month - Apt #6-one bedroom $420/month (Long term tenant). $2,790 Gross Rents, approx $800 monthly expenses.  If property sells @ 200K = 12% cap/$185K = 13% cap/$170K = 14% cap.  Current owner paid $166K in 2007 and has done 30K in renovations!  Positive Cash Flow!

 

PUBLIC PREVIEW MONDAY MARCH 7th - Noon to 2PM

 

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