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Absolute Auction 2 Duplexes Selling Together Paucah, KY
Auction Dates
Starts: Sat, May 12, 2018 5:00AM
Description
ABSOLUTE AUCTION
2 DUPLEXES
BOTH SELL TOGETHER IN PACKAGE DEAL!
ATTENTION INVESTORS: THIS IS A MUST ATTEND INVESTMENT OPPORTUNITY!
When: Saturday, May 12th @ 10:00 A.M.
Where: 5030/5032 & 5034/5036 Old Benton Rd. Paducah, KY 42003
Auction held on site rain or shine
Directions: From I-24 Exit 11 travel north on John Puryear Dr. 2.3 miles. Turn left onto Oaks Rd./Silk Tree Blvd. & travel 0.2 miles. Turn right onto KY-284 S/ Old Benton Rd. & proceed 2.4 miles arriving at properties on left.
HIGHLIGHTS:
ATTRACTIVE MONTHLY INCOME
EXCELLENT LOCATION
ADJACENT BUILDINGS ON SAME ± 1.87 ACRE LOT
SEPARATE METERS
ALL 4 CARPORTS TRANSFER WITH REAL ESTATE
ADVANTAGES:
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 TYPICALLY ARE EASIER TO SELL
OWNER OCCUPIED CAPITAL GAINS TAX EXCLUSION
PROPERTY VALUE GROWTH
RENT INCOME IN GENERAL IS CURRENTLY AT AN ALL TIME HIGH
AUCTIONEER’S NOTE: BOTH DUPLEXES ARE LOW MAINTENANCE STRUCTURES LOCATED IN MCCRACKEN COUNTY. THESE OUTSTANDING INVESTMENT PROPERTIES ARE SITUATED ON +/- 1.87 ACRES AND WILL BE SOLD TOGETHER AS A PACKAGE DEAL AND WILL NOT BE OFFERED SEPARATE. THEY ARE ADJACENT TO EACH OTHER ON THE SAME TRACT OF LAND. 5030 HAS RECENTLY HAD A FRESH COAT OF PAINT THROUGHOUT WITH ALL 4 UNITS HAVING BEEN CONSISTENTLY RENTED IN THE PAST. DUE TO THE OWNERS RELOCATING, THIS EXCELLENT OPPORTUNITY WILL NOW BE OFFERED TO THE PUBLIC.
BRIEF SUMMARY:
DUPLEX 5030/5032: BRICK EXTERIOR, DIMENSIONAL SHINGLES, LARGE ASPHALT DRIVEWAY, 2-2 CAR ALUMINUM CARPORTS, 3 BEDROOMS & 2 BATHS ON EACH SIDE.
DUPLEX 5034/5036: BRICK EXTERIOR, METAL ROOF, LARGE ASPHALT DRIVEWAY, 2-2 CAR ALUMINUM CARPORTS, 2 BEDROOMS, 1 BATH,
VAULTED CEILINGS, & GAS INSERT FIREPLACES ON EACH SIDE.
Breakdown:
Duplex 5030/5032 Grounds: Attractive yard with mature shade trees, large ± 10’ x ± 250’ asphalt driveway with plenty of turn around room, separate washed aggregate sidewalks, washed aggregate concrete patios with privacy divider fence, ± 27’ x ± 15’courtyard entrance.
The Duplex units have identical floor plans. The following applies to both units:
Duplex Exterior: Low maintenance brick exterior structure with ±2,600 sq. ft. of living space built on a concrete slab with hip roof, dimensional shingles, double-hung windows with shutters, front and rear patio door ingress/egress. Duplex Interior: Living Room ± 12’ x ± 21’ w/carpeting, ceiling fan/light, Master Bedroom ± 16’6” x ± 11’6” w/carpeting, ceiling fan/light, walk-in closet, Master Bath walk-in shower, commode, vanity, Guest Bedroom #1 ±12’ x ± 10’6” w/carpeting, walk-in closet, Guest Bedroom #2
± 12’11” x ± 14’ w/carpeting, paneled walls, ± 6’ closet, Guest Bath tub/shower enclosure, commode, vanity, linen closet, track lighting, Eat-In Kitchen ± 13’9” x ± 10’, engineered laminate flooring, GE gas stove, Frigidaire refrigerator, double-bay stainless steel sink, ± 18 running feet of upper and lower cabinets. Other amenities include Anderson windows, baseboards, window and door moldings, sheetrock walls and ceilings throughout with the exception of the #2 guest bedroom (paneled walls), smoke alarms. Utilities: 100 amp breaker panel, Atmos energy powered central HVAC package units, gas hot water heaters, washer & dryer hook-ups.
Duplex 5034/5036 Grounds: Attractive yard with mature shade trees in front and rear of duplex, large ± 8’ x ± 250’ asphalt driveway with plenty of turn around room, concrete patios in back with divider fence, separate concrete sidewalks with masonry front porches on each side.
The Duplex units have identical floor plans. The following applies to both units:
Duplex Exterior: Low maintenance brick and vinyl exterior structure with ±1,960 sq. ft. of living space built over a crawl space with metal roof, double-hung windows with shutters, front and rear patio door ingress/egress. Duplex Interior: Living Room ± 17’7” x ± 14’ with carpeting, ceiling fan, gas fireplace w/wood mantel and brick hearth, vaulted ceiling w/decorative beam, Master Bedroom ± 12’6” x ± 13’ with carpeting, 2 closets, ceiling fan/light, Guest Bedroom, ± 10’ x ± 11’ with carpeting, ceiling fan/light, closet, Bathroom, ± 8’ x ± 9’ with fiberglass tub/shower enclosure, commode, vanity, linoleum flooring, Eat-In Kitchen ± 14’6” x ± 11’7” with oak cabinets, Frigidaire refrigerator, GE electric stove, dishwasher, linoleum flooring, skylight, track lighting, large pantry. Other amenities include baseboards, window and door moldings, sheetrock walls and ceilings throughout, smoke alarms. Utilities: 200 amp breaker panel, Atmos energy powered central HVAC package units, gas hot water heaters, washer & dryer hook-ups.
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 properties between the hours of 8:00-10:00 AM on day of auction. Announcements 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 will enter into a purchase 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.
Auctioneer’s Note: Auction held on site, rain or shine. Any announcements made day of sale take precedence over printed material or any other oral statements made. 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
2 DUPLEXES
BOTH SELL TOGETHER IN PACKAGE DEAL!
ATTENTION INVESTORS: THIS IS A MUST ATTEND INVESTMENT OPPORTUNITY!
When: Saturday, May 12th @ 10:00 A.M.
Where: 5030/5032 & 5034/5036 Old Benton Rd. Paducah, KY 42003
Auction held on site rain or shine
Directions: From I-24 Exit 11 travel north on John Puryear Dr. 2.3 miles. Turn left onto Oaks Rd./Silk Tree Blvd. & travel 0.2 miles. Turn right onto KY-284 S/ Old Benton Rd. & proceed 2.4 miles arriving at properties on left.
HIGHLIGHTS:
ATTRACTIVE MONTHLY INCOME
EXCELLENT LOCATION
ADJACENT BUILDINGS ON SAME ± 1.87 ACRE LOT
SEPARATE METERS
ALL 4 CARPORTS TRANSFER WITH REAL ESTATE
ADVANTAGES:
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 TYPICALLY ARE EASIER TO SELL
OWNER OCCUPIED CAPITAL GAINS TAX EXCLUSION
PROPERTY VALUE GROWTH
RENT INCOME IN GENERAL IS CURRENTLY AT AN ALL TIME HIGH
AUCTIONEER’S NOTE: BOTH DUPLEXES ARE LOW MAINTENANCE STRUCTURES LOCATED IN MCCRACKEN COUNTY. THESE OUTSTANDING INVESTMENT PROPERTIES ARE SITUATED ON +/- 1.87 ACRES AND WILL BE SOLD TOGETHER AS A PACKAGE DEAL AND WILL NOT BE OFFERED SEPARATE. THEY ARE ADJACENT TO EACH OTHER ON THE SAME TRACT OF LAND. 5030 HAS RECENTLY HAD A FRESH COAT OF PAINT THROUGHOUT WITH ALL 4 UNITS HAVING BEEN CONSISTENTLY RENTED IN THE PAST. DUE TO THE OWNERS RELOCATING, THIS EXCELLENT OPPORTUNITY WILL NOW BE OFFERED TO THE PUBLIC.
BRIEF SUMMARY:
DUPLEX 5030/5032: BRICK EXTERIOR, DIMENSIONAL SHINGLES, LARGE ASPHALT DRIVEWAY, 2-2 CAR ALUMINUM CARPORTS, 3 BEDROOMS & 2 BATHS ON EACH SIDE.
DUPLEX 5034/5036: BRICK EXTERIOR, METAL ROOF, LARGE ASPHALT DRIVEWAY, 2-2 CAR ALUMINUM CARPORTS, 2 BEDROOMS, 1 BATH,
VAULTED CEILINGS, & GAS INSERT FIREPLACES ON EACH SIDE.
Breakdown:
Duplex 5030/5032 Grounds: Attractive yard with mature shade trees, large ± 10’ x ± 250’ asphalt driveway with plenty of turn around room, separate washed aggregate sidewalks, washed aggregate concrete patios with privacy divider fence, ± 27’ x ± 15’courtyard entrance.
The Duplex units have identical floor plans. The following applies to both units:
Duplex Exterior: Low maintenance brick exterior structure with ±2,600 sq. ft. of living space built on a concrete slab with hip roof, dimensional shingles, double-hung windows with shutters, front and rear patio door ingress/egress. Duplex Interior: Living Room ± 12’ x ± 21’ w/carpeting, ceiling fan/light, Master Bedroom ± 16’6” x ± 11’6” w/carpeting, ceiling fan/light, walk-in closet, Master Bath walk-in shower, commode, vanity, Guest Bedroom #1 ±12’ x ± 10’6” w/carpeting, walk-in closet, Guest Bedroom #2
± 12’11” x ± 14’ w/carpeting, paneled walls, ± 6’ closet, Guest Bath tub/shower enclosure, commode, vanity, linen closet, track lighting, Eat-In Kitchen ± 13’9” x ± 10’, engineered laminate flooring, GE gas stove, Frigidaire refrigerator, double-bay stainless steel sink, ± 18 running feet of upper and lower cabinets. Other amenities include Anderson windows, baseboards, window and door moldings, sheetrock walls and ceilings throughout with the exception of the #2 guest bedroom (paneled walls), smoke alarms. Utilities: 100 amp breaker panel, Atmos energy powered central HVAC package units, gas hot water heaters, washer & dryer hook-ups.
Duplex 5034/5036 Grounds: Attractive yard with mature shade trees in front and rear of duplex, large ± 8’ x ± 250’ asphalt driveway with plenty of turn around room, concrete patios in back with divider fence, separate concrete sidewalks with masonry front porches on each side.
The Duplex units have identical floor plans. The following applies to both units:
Duplex Exterior: Low maintenance brick and vinyl exterior structure with ±1,960 sq. ft. of living space built over a crawl space with metal roof, double-hung windows with shutters, front and rear patio door ingress/egress. Duplex Interior: Living Room ± 17’7” x ± 14’ with carpeting, ceiling fan, gas fireplace w/wood mantel and brick hearth, vaulted ceiling w/decorative beam, Master Bedroom ± 12’6” x ± 13’ with carpeting, 2 closets, ceiling fan/light, Guest Bedroom, ± 10’ x ± 11’ with carpeting, ceiling fan/light, closet, Bathroom, ± 8’ x ± 9’ with fiberglass tub/shower enclosure, commode, vanity, linoleum flooring, Eat-In Kitchen ± 14’6” x ± 11’7” with oak cabinets, Frigidaire refrigerator, GE electric stove, dishwasher, linoleum flooring, skylight, track lighting, large pantry. Other amenities include baseboards, window and door moldings, sheetrock walls and ceilings throughout, smoke alarms. Utilities: 200 amp breaker panel, Atmos energy powered central HVAC package units, gas hot water heaters, washer & dryer hook-ups.
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 properties between the hours of 8:00-10:00 AM on day of auction. Announcements 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 will enter into a purchase 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.
Auctioneer’s Note: Auction held on site, rain or shine. Any announcements made day of sale take precedence over printed material or any other oral statements made. 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
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