MULTI-PROPERTY REAL ESTATE AUCTION

April 29, 2011 12:01 PM ESTMULTI-PROPERTY INVESTMENT REAL ESTATE AUCTION

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April 29, 2011 12:01 PM EST
Auction will be conducted OFF SITE at:
REYTON INN
6147 W. State Route 122
Middletown, OH 45005

MULTI-PROPERTY INVESTMENT REAL ESTATE AUCTION
6 Parcels of Real Estate
30+ ACRE INDUSTRIAL PARK
4 MULTIFAMILY PROPERTIES
91+ ACRE FARM

PROPERTY #1
30.77 acre Industrial Park
Butler County Court of Common Pleas – case # CV2009-05-2339
Franklin Madison Rd.
(located between 6796 and 6847 Franklin Madison Rd)
Middletown, OH 45042

Directions: Off I-75 take State Route 122 (exit #32) west to State Route 4 North to Thomas Rd. Turn right onto Franklin Madison Rd.
Inspect: Tuesday April 26 (10AM-11AM)

This 30.77 acre parcel is zoned M-2, Light Industrial. It is partially improved and ready for completion. The property is serviced by all public utilities and is improved with 4 all steel 60’x100’ buildings which were constructed in 1982. Each building has 1 overhead dock door. The 16.5 acres of vacant tillable land is level and is leased for farming until April 1, 2013 @ $825.00 per year. Semi-annual taxes are $2,402. Two of the buildings are leased until January 1, 2013 at an aggregate rent of $1,500 per month. The property was appraised for the Estate at $465,000 and the Auditors assessed value is $402,000, but the property will sell at or above $310,000 by State law. Butler County PID # E2210010000017.


PROPERTY #2
Multifamily Apartment Building
Butler County Court of Common Pleas – case # CV2009-05-2339
1721 Lawn Ave.
(corner Lawn Ave & Pearl St)
Middletown, OH 45044

Directions: Off I-75 take State Route 122 (exit #32) west to South on University Blvd to Yankee Rd to Lawn Ave.
Inspect: Exterior Viewing Only

This brick 4 family building was constructed in 1970 and sits on 2 lots. Each apartment is townhouse style and contains 2 bedrooms and 1 Bathroom. Although it will need some TLC and is currently vacant, it should make someone an excellent investment property. The property is serviced by all public utilities. The semi-annual taxes are $1,519 based on the Auditors assessed value of $137,270. It was appraised for the Estate at $118,500, but sells at or above a State required bid of $79,000. Butler County PID # Q6542039000184 & Q6542039000183.


PROPERTY #3
Estate of Carl Miller
Butler County Probate Case # PE-09-01-0031
7049 Browns Run Rd
Middletown, OH 45042

Directions: Off I-75 take State Route 122 (exit #32) west to Trenton Franklin Rd to Browns Run Rd
Inspect: : Tuesday April 26 (2PM-3PM)

Situated on 91+ acres, mostly wooded with mature trees, is this 2 story 1556sf home. The home features 7 rooms with 3 bedrooms and was constructed in 1889. It was remodeled in 1986 and also features 2 full bath rooms. The home is heated with a forced air oil furnace and has a well and septic system. There are also 2 barns in fair condition and a silo. The 9.5 acres of tillable frontage of the land is leased until April 1, 2013 @ $475.00 per year. Based on the Auditors assessed value of $531,970, the semi-annual taxes are only $1,102. The Estate appraisal for the property is $275,000 and cannot be sold for less than $190,000. Butler County PID # E2210012000006.


PROPERTY #4
Estate of Carl Miller
Butler County Probate Case # PE-09-01-0031
2907 Burbank Ave.
(corner Brentwood and Burbank Ave)
Middletown, OH 45044

Directions: Off I-75 take State Route 122 (exit #32) west to left on Brentwood St. to Burbank Ave.
Inspect: : Tuesday April 26 (4PM-5PM)

Built in 1969 is this brick 3 family triplex. Each unit features 2 bedrooms and a full bathroom. The property has 150’ of road frontage and is on a corner lot of 0.206 acres. There is a total of approximately 2592sf and it is situated on a crawl space. The property is serviced by all public utilities. The apartments are heated with gas fired hot water boiler and each unit has separate gas and electric meters. One unit is currently rented on a month to month basis at $500 per month. The Auditors assessed value is $108,000 for semi-annual taxes of $1,084. Appraised for the Estate at $130,000, the property is selling to the highest bidder at or above $85,000. Butler County Auditor PID # Q6542071000013.


PROPERTY #5
Two Family Duplex
Estate of Carl Miller
Butler County Probate Case # PE-09-01-0031
5830 Trenton Franklin Rd
Middletown, OH 45042

Directions: Off I-75 take State Route 122 (exit #32) west to Trenton Franklin Rd.
Inspect: Tuesday April 26 (12 Noon – 1PM)

This 1500sf brick 2 family was constructed in 1976. There is 1 one bedroom unit and 1 two bedroom unit. The home is heated by electric baseboard heat. Situated on a 1.00 acre lot, the property is serviced by all public utilities. The 1 bedroom unit is currently rented at $400 per month with no lease. The Auditors assessed value is $113,480 and the semi-annual taxes are $910.00. Appraised for the Estate at $95,500, this Duplex will sell to the highest bidder at or above $75,000. Butler County PID # E2210022000031.


PROPERTY #6
4 Family Apartment
Estate of Carl Miller
Butler County Probate Case # PE-09-01-0031
2324 Longfellow St.
Middletown, OH 45042

Directions: Off I-75 take State Route 122 (exit #32) west to Nelbar St. to Tytus Ave. north to Longfellow St.
Inspect: Wednesday April 27 (12Noon – 1PM)

This property contains 4 one bedroom garden type apartments on a level corner lot. The property was constructed in 1968 and is serviced by all public utilities. The apartments are heated by electric baseboard units. One unit is currently rented on a month to month basis at $450 per month. Semi-annual taxes are only $1,072 based on the Auditors assessed value of $95,960. The property was appraised for the Estate at $125,000 but is selling to the highest bidder at or above $68,000. Butler County PID # Q6511038000118.


Property information packets are available below in PDF or by calling 513-724-1133.
To download Free Adobe Reader please click the link below.

PROPERTY INFORMATION PACKET (All Properties)