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Auction Details

SOLD $242,000

13 Unit Apartment Building/Minimum Bid $185,000


Cash Cow at Minimum Bid of $185,000.  Lee Greer - Agent / Sperry Van Ness 859-948-3300 

PUBLIC PREVIEW FRIDAY OCT 30th 2:00-4:00

Live On-Site Auction

Began: Friday, November 06, 2009 at 11:00 AM EST

Location: 1868 Augusta Drive, Lexington, KY 40505

Inspection

Began: Friday, October 30, 2009 at 2:00 PM EDT

Ended: Friday, October 30, 2009 at 4:00 PM EDT

Location: 1868 Augusta Drive, Lexington, KY 40505

Details

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$14,300 per door at Min. Bid.   Absolute Unheard of Minimum Bid of $185,000.  13 Units - $76,620   Gross schesduled income.  19.07% cap rate at minimum bid. Truly a Cash Cow.  Property over all in good shape.  On site manager.  Please see attached PDFs for Proforma, Cash Flow Analysis, & Rent Rolls.

Lee Greer/Sperry Van Ness Agent - 859-948-3300

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