Wynn Properties *2 Duplexes* Paducah, KY

ABSOLUTE AUCTION
2 DUPLEXES

BOTH OFFERED SEPARATE OR COMBINED!
ATTN: INVESTORS & HOME BUYERS * EXCELLENT INVESTMENT OPPORTUNITY!

AUCTION HELD AT DUPLEX #1 LOCATION
4432 AT MASSA DRIVE, PADUCAH, KY 42003
APRIL, 30TH @ 10:00 A.M.

PREVIEW PROPERTIES 8:00 A.M. – 10:00 A.M. DAY OF SALE
AUCTION STARTS @ 10:00 A.M.

LONE OAK & PADUCAH, KY LOCATIONS
4 LONG-TERM TENANTS IN PLACE! EXCELLENT CASH FLOW!

LOCATION ADDRESSES:
DUPLEX #1: 4432 AT MASSA DRIVE PADUCAH, KY 42003
Directions to Duplex #1: Starting from I-24 Exit 7 Lourdes Hospital, head southwest on US-45 S/Lone Oak Rd (passing McDonald's on the left) ± 0.5 miles turning left onto Bleich Rd. Proceed ± 1.8 miles turning left onto KY-994 N/Mayfield Paducah Rd/Old Mayfield Rd. Continue ± 0.5 miles turning left onto Summit Drive. Continue ± 348 ft. turning left onto A T Massa Drive arriving at property on left. Signs posted.

DUPLEX #2: 521 SOUTH 19TH STREET PADUCAH, KY 42003
Directions to Duplex #2: Starting from Western Baptist Hospital at the intersection of 28th St. & Washington St. head northeast ± 0.3 miles on Washington Street past Western Baptist Hospital continuing ± on Ky. Ave. ± 0.5 miles turning right on South 19th St. Proceed ± 0.2 miles arriving at property on the right. Signs posted.

TENANTS/INCOME BREAKDOWN:
DUPLEX #1: APT A: 2 YEARS OCCUPIED @ $600.00 PER MO - 3 BDRM 2 BATH
APT B: 10 YEARS OCCUPIED @ $500.00 PER MO - 1 BDRM 1 BATH
UTILITIES: TENANTS PAY FOR POWER, GAS & WATER AT THIS LOCATION
SEPARATE METERS

DUPLEX #2: APT A: 9 YEARS OCCUPIED @ $550.00 PER MO - 2 BDRM 1 BATH
APT B: 21 YEARS OCCUPIED @ $590.00 PER MO - 1 BDRM 1 BATH
UTILITIES: TENANTS PAY FOR POWER & GAS AT THIS LOCATION * SEPARATE METERS
LANDLORD PAYS FOR THE WATER ONLY AT THIS LOCATION

IMPORTANT NOTE:
PREVIEW BOTH PROPERTIES DAY OF SALE APRIL 30, 2022 BETWEEN THE HOURS OF 8:00 A.M. & 10:00 A.M. BOTH LOCATIONS WILL BE ACCESSIBLE FOR INSPECTION DURING THESE HOURS, GIVING BIDDERS AMPLE TIME SINCE BOTH PROPERTIES ARE IN CLOSE PROXIMITY TO ONE OTHER. PLEASE RESPECT CURRENT OCCUPANTS’ PRIVACY, NO ADVANCE INTERIOR SHOWINGS. AUCTION WILL BE HELD AT THE DUPLEX #1 LOCATION OF 4432 AT MASSA DRIVE, PADUCAH, KY 42003 STARTING AT 10:00.

When: Saturday, April 30th @ 10:00 A.M.
Auction Location: Auction will be held at duplex #1 location @ 4432 AT Massa Drive, Paducah, KY 42003

INVESTOR ADVANTAGES:

• ATTRACTIVE MONTHLY INCOME
• LONE OAK, KY & PADUCAH, KY LOCATIONS
• DUPLEXES CAN PAY OCCUPIED HOMEOWNERS’ COSTS
• DUPLEXES MAY OFFER A BETTER RETURN ON INVESTMENT
• DUPLEXES ARE MORE AFFORDABLE
• DUPLEXES OFFER LOWER CASH FLOW RISKS FOR INVESTORS
• DUPLEXES ARE TYPICALLY EASIER TO SELL
• POTENTIAL OWNER-OCCUPIED CAPITAL GAINS TAX EXCLUSION
• PROPERTY VALUE GROWTH
• RENT INCOME IN GENERAL IS CURRENTLY AT AN ALL TIME HIGH

DUE TO THE OWNERS RETIRING, THESE INVESTMENT PROPERTIES WILL NOW BE OFFERED TO THE PUBLIC

Breakdown of Duplex 1 @ 4432 AT Massa Drive
Apt. A: 3 bedroom/1bath with 8’ ceilings throughout. Living Room: +/- 22’ x +/-15’ w/2 ¼ oak hardwood flooring, ceiling fan w/light kit, sheetrock walls/ceiling, & large picture window. Kitchen: +/-14’ x +/- 10’ with upper/lower cabinets, GE refrigerator, Roper electric stove, 2 windows, back door, engineered imitation hardwood flooring, ample countertop space, ceramic tile backsplash between upper & lower cabinets, & stainless steel kitchen sink. Utility Room: +/-6’9” x +/- 4’8” w/washer & dryer hookup, AO Smith 30-gallon hot water heater in good condition. Dining Room: +/-14’ x +/- 11’ w/8’ ceiling, drywall, twin windows, stain trim throughout, engineered imitation hardwood flooring, & hanging chandelier. Bathroom: +/-8’10” x +/- 6’10” w/tub & shower enclosure, commode, sink/vanity, make-up cabinet/station w/mirror, shelving, & exhaust fan w/light. Bedroom #1: +/-14’ x +/- 12’ w/drywall walls & ceiling, 3 windows, ceiling fan w/light kit, 2 ¼” x ¾” oak hardwood flooring, +/-7’ 2” x +/- 5’ walk-in closet w/hardwood flooring, shelving & clothes hanger. Bedroom #2: +/-14’ 7” x +/-12’ w/twin windows, drywall walls & ceilings, walk-in clothes closet, 2 ¼” x ¾” hardwood flooring, & ceiling light. Bedroom #3: +/-12’11” x +/- 14’6” w/ceiling fan & light kit, drywall walls & ceiling, 2 ¼” x ¾” hardwood flooring, 2 clothes closets, & twin windows. Utilities: 2 septic tanks: 1 tank feeds 1 gravity-flow lateral line bed & 1 tank containment pump system w/another lateral line bed, central heat & air split system air handler in attic, Rheem high efficiency compressor outside on north wall, Atmos Energy, & Paducah Power, 200-AMP service panel w/circuit breakers, & separate gas & power meters.

Apt. B: 1 bedroom/1 bath, stained trim & 8’ ceilings throughout. Living Room: +/-19’4” x +/-16’9” w/5” hardwood flooring, drywall walls & ceiling, large picture window, archway door opening that leads to the kitchen area, pass-through from living room to the dining room, ceiling fan w/light, built-in accent shelving. Eat-in Kitchen: +/-19’ x +/-9’6” w/dining area, refrigerator, gas stove, upper/lower cabinets, stainless steel sink, 2 windows, ample countertop space, linoleum flooring, wainscotting on walls in dining area, track lighting over sink, ceiling fan w/light in dining area. Mudroom: +/-9’9” x +/- 13’1” w/5” hardwood flooring, drywall walls & ceiling, ceiling fan w/light kit, back door entrance, 1 window, & archway leading to the kitchen. Master Bedroom: +/-19’3” x +/- 13’6” w/5” hardwood flooring, 1 window, ceiling fan w/light, & 2 clothes closets. Master Bath: +/-10’9” x +/-10’5” w/his & her sinks, oak vanities w/large matching oak linen closets, shower/tub enclosure, commode, overhead light, exhaust fan, light bar over each sink, & linoleum flooring. Utility Room/Closet: off of master bath w/washer & dryer hookup, overhead cabinet, clothes rod & shelving. Duplex 1 Utilities: Paducah Power, Atmos Energy, city water, all separate metered, both units have central HVAC split systems with apt. B HVAC recently replaced-1 year old Payne gas furnace, Richmond 29-gallon gas hot water heater in hall closet off of the living room, Rheem high efficiency compressor outside on south wall. 1 septic tank feeding gravity flow lateral line bed.

Exterior Overview: Located on a corner lot in the Lone Oak/Hendron community. Grounds: White rock parking area in front for +/-6 vehicles, sidewalks leading from the parking area to both units, concrete front porch w/2 fluted columns, & a small concrete patio behind both units. Structure: Mix of brick & vinyl exterior, Unit A is mostly brick & unit B is mostly vinyl. 5 total gables on roof covered with mostly 3-tab asphalt/fiberglass shingles w/some metal roof covering part of the south end of structure on apt. B. Numerous windows throughout both sides for ample natural light. Both sides of the structure are on a crawl space.



Breakdown of Duplex 2 @ 521 South 19th St.
Apt. A: 2 bedroom/1 bath, Living Room: +/-15’7” x +/-13’9” w/8’8” ceiling height, engineered flooring, paneling, 2 large windows, tile ceiling, fireplace (not functional), wide moldings on windows & doors, crown molding, tall baseboard, & ceiling fan w/light. Bedroom #1: +/-15’7” x +/-13’9” w/engineered flooring, paneling, tile ceiling, wide moldings on windows & doors, clothes closet, crown molding, 1 large window, ceiling light, 8’8” ceiling height, & tall baseboards. Bedroom #2: +/-13’5” x +/-12’ w/engineered flooring, paneling, tile ceiling, wide moldings on windows & doors, tall baseboard, 1 large window, crown molding, 8’8” ceiling height. Eat-in Kitchen: +/-13’5” x +/-11’ w/GE refrigerator, GE gas stove, upper/lower cabinets, stainless steel double-bowl sink, 1 large window, back door leading to the backyard, tall baseboards, wide moldings on windows & doors, engineered flooring, painted paneling, tile ceiling, & crown molding, 8’8” ceiling height. Bathroom: +/-7’3” x +/-5’4” w/tub/shower enclosure, commode, sink, medicine cabinet, built-in shelving, exhaust fan w/light, & peel & stick tile flooring. Utility Room: +/-6’ x +/-5’ w/washer/dryer hookup, AO Smith 40-gallon gas hot water heater, 1 window, engineered flooring, stained chipboard on walls. Utilities: Atmos Energy, Paducah Power, central Carrier HVAC gas-fired package unit outside.

Apt. B: 1 bedroom/1 bath, Living Room: +/-15’3” x +/- 12’7”, 8’8” ceiling height, carpeting, drywall walls & ceiling, ceiling fan w/light, 3 large windows, wide molding w/rosettes, & crown molding. Bedroom #1: +/-12’8” x +/-12’2” w/carpeting, clothes closet, large window, ceiling fan w/light, crown molding. Kitchen: +/-11 x +/-6’4”, 8’ ceiling, galley style w/gas stove, refrigerator (belongs to tenant), cabinets, stainless steel double-bowl sink w/window above sink, base cabinets, 1 large double-door cabinet, engineered flooring. Utility Room: +/-10’9” x +/-5’3”, 8’ ceiling, washer/dryer hookup shelving over washer/dryer, 2 windows, paneling, engineered flooring, 40-gallon electric hot water heater, tile ceiling, back door leading to sidewalk around home. Bathroom: +/-5’3” x +/-5’1” w/tub/shower enclosure, sink, commode, medicine cabinet, exhaust fan w/light. Utilities: Paducah Power, Atmos Energy, sewer, public water, Whirlpool 40-gallon hot water heater, wall gas heat, & AC window unit.

Exterior Grounds: 50’ wide x 170’ deep lot w/curbside parking in front with backyard parking off of alley behind duplex. Sidewalks from 19th Street lead to both units and steps lead to the elevated concrete front porches of both units. Mature shade tree in the front yard & a large mature shade tree in the backyard. Backyard parking has a sidewalk that leads to both back doors of units A & B. Structure: Crawl space w/brick foundation, vinyl siding on all sides, covered front porch entrances on both A & B units, asphalt/fiberglass shingles.

Duplex 2 Utilities: Paducah Power, Atmos Energy, City Municipal water & sewer, separate power & gas meters, one water meter. Central Carrier HVAC gas-fired package in Apt. A. Window AC and gas wall heater in Apt. B. **Landlord pays for water at this duplex.

Terms of Auction:

Real Estate: 15% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Preview both properties between the hours of 8:00 A.M. & 10:00 A.M. on the day of the auction. Announcements made day of auction will take precedence over any previous marketing, either written or oral.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a Warranty Deed.

Purchase Agreement: Successful bidder/s will enter into a purchasing agreement contract immediately upon conclusion of the auction. Duplexes to be sold subject to tenants’ rights.

Possession: Possession given at closing.

Restrictions: Any recorded restrictions (if any) and zoning regulations apply.

Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Personal Property: Cash, credit card or check day of sale with proper ID. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt.

Auctioneer’s Note: Auction held rain or shine. Any announcements made on the day of sale take precedence over printed material or any other oral statements made. The Auction Company or owner is not responsible for accidents.

New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information