More Information
ON-LINE ONLY REAL ESTATE AUCTION
FULLY RENTED 3 UNIT BUILDING
661 E Eleventh Ave.
Columbus, OH 43211
AUCTION DATE : Tuesday, January 7, 2025 @ 12:00 PM
Franklin County Parcel ID: 010-C005-024-00
Annual Property Taxes: $ $1,930
Description
This 2,388 square ft. building has three rental units. All units have been updated and ar fully rented. Unit 1 has 3 bedrooms, 2 bathrooms and is rented fully furnished at a monthly rate of $2,000. Unit 2 has 2 bedrooms, 1 bathroom and is rented fully furnished at a monthly rate of $1,800. The third unit is an efficiency unit with a private bathroom and is rented fully furnished at a monthly rate of $650. The building has had all new flooring, electical and plumbing updates. The landlord pays utilities and provides internet fot the tenants. Monthly utility expenses are $535. The building has an anuual NOI of approximatly $44,950. This property features a large corner lot and the City may allow for an additional building to be build. Please varify with local zoning.
Auction Terms: Sells subject to seller confirmation on auction day. A 10%, non refundable deposit is to be collected from the winning bidder at the conclusion of the auction by direct deposit into our JPmorgan Chase trust account or via credit card payment with a 4% surcharge. Contract signature and deposit must be made by 5 PM the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close on or before February 7, 2025. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Deposit and Closing:. Transaction must close on or before February 7, 2025 with Ohio Real Estate Title. Contact Veronica Riggs at vriggs@oret.com for a closing cost estimate.
Auctioneer: Ron Denney, CAI
(937) 572-4468
ron@rondenney.com
Broker: Ohio Real Estate Auctions, LLC
Disclaimer: Information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC Auctioneers nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Annual Taxes: $ 1,930
Property Map
LEAD AUCTIONEER
Ron Denney
AUCTIONEER
Tim Lile
DIRECTIONS: Property is located at the corner of E Eleventh and Oxford
Basic Terms:
Real Estate sells subject to seller confirmation. A 10% Non-Refundable deposit will be collected from the winning bidder the day of Auction no later than 5pm. Deposit instructions will be given to the winning bidder. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. The Buyer pays all closing costs. A marketable, insurable deed will be given at closing with no liens or back taxes.
Deposit and Closing:
Buyer will close with Ohio Real Estate Title on or before February 7, 2025. Contact Vriggs@oret.com for a closing cost estimate
Realtor Participation:
Contact Auctioneer.