REAL ESTATE
07/24/2010JULY MULTI-PROPERTY/MULTI-SELLER AUCTION
07/24/2010
Auction will be conducted offsite by pictorial presentation at the:
LaQuinta Inn & Suites
11029 Dowlin Dr.
Cincinnati, OH 45241
The condominiums (properties # 1-6) will be sold using our Infinity Bidding System which allows for individual purchases and/or bidder selected combinations. All condominiums are located in Oak Hills School District and includes a garage. Located in a peaceful wooded setting, Clearwater Crossing currently has a Clubhouse, Pool, building elevator, and has full fire suppression system in each unit as amenities.
PROPERTY #1
CONDOMINIUM UNIT #1 W/ GARAGE # 56
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : Thursday July 22 (noon – 1:00PM), or by appointment w/ auction firm.
The condominium complex was constructed in 2006. Unit #1 consists of 5 rooms with 2 bedrooms and 2 full bathrooms in an open/spacious design. Unit comes with equipped kitchen. Annual real estate taxes are $2,304.00. This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183035600 & 5500183037700. Property will transfer free of any liens and with an insurable title.
PROPERTY #2
CONDOMINIUM UNIT # 3 W/ GARAGE # 57
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : Thursday July 22 (noon – 1:00PM), or by appointment w/ auction firm.
The condominium complex was constructed in 2006. Unit #3 consists of 6 rooms with 2 bdrms and 2 full bathrooms in an open/spacious design. Unit comes w/ equipped kitchen. Annual real estate taxes are $2,630.00. This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183035800 & 55001830378000. Property will transfer free of any liens and with an insurable title.
PROPERTY #3
CONDOMINIUM UNIT # 4 W/ GARAGE # 59
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : Thursday July 22 (noon – 1:00PM), or by appointment w/ auction firm.
The condominium complex was constructed in 2006. Unit #4 consists of 5 rooms with 2 bedrooms and 2 full bathrooms in an open/spacious design. Unit comes w/ equipped kitchen & laundry facilities. Annual real estate taxes are $2,345. This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183035900 & 5500183038000. Property will transfer free of any liens and with an insurable title.
PROPERTY #4
CONDOMINIUM UNIT # 5 W/ GARAGE # 60
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : Thursday July 22 (noon – 1:00PM), or by appointment w/ auction firm.
The condominium complex was constructed in 2006. Unit #5 consists of 5 rooms with 2 bedrooms and 2 full bathrooms in an open/spacious design. Unit was formerly used as the sales office. Annual real estate taxes are $2,385.00. This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183036000 & 5500183038100. Property will transfer free of any liens and with an insurable title.
PROPERTY #5
CONDOMINIUM UNIT # 8 W/ GARAGE # 58
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : This unit is tenant occupied. Contact auction manager at 678.7346 to determine if a viewing is possible.
The condominium complex was constructed in 2006. Unit #8 consists of 5 rooms with 2 bedrooms and 2 full bathrooms in an open/spacious design. Unit comes w/ equipped kitchen and laundry facilities. Annual real estate taxes are $2,426.00. This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183036300 & 5500183037900. Property will transfer free of any liens and with an insurable title.
PROPERTY #6
CONDOMINIUM UNIT # 16 W/ GARAGE # 106
Ordered Sold by Hamilton County Court of Common Pleas – case # A0909499
4512 Clearwater Pl.
Cincinnati (Green Township), OH 45248
Directions: Off Glenway Ave turn West on Harrison Ave. Go apprx. 1 mile.
Inspect: : Thursday July 22 (noon – 1:00PM), or by appointment w/ auction firm.
The condominium complex was constructed in 2006. Unit #16 consists of 5 rooms with 2 bedrooms and 2 full bathrooms in an open/spacious design. Unit comes w/ equipped kitchen and laundry facilities. Annual real estate taxes are $2,589.00 This upscale condominium complex is conveniently located just minutes from I-75 and I-275 with convenient shopping nearby. Hamilton County PID # 5500183037100 & 5500183038300. Property will transfer free of any liens and with an insurable title.
PROPERTY #7
COMMERCIAL PROPERTY
Ordered sold by Hamilton County Court of Common Pleas – case # A1000107
3090 & 3080 Beekman St.
Cincinnati ( Lower Price Hill), OH 45225
Directions: Off Hopple St. turn north onto Beekman St.
Inspect: Tenant occupied – Exterior viewing only
Situated on almost 1.5 acres is this 30,450 sf concrete block building with adjacent parking/loading area. Built in 1946, this building has approximately 2,574 sf of office area and 27,876 sf of manufacturing facility. There is also a 632 sf loading superstructure off a 5,625 sf blacktop area. The property is zoned MG – Manufacturing General which allows for many uses. The property is currently tenant occupied, but auction firm has no data on rental income. This property is well located with easy access to I-75, I-71 & I-74. Annual taxes are $9,776.00. Hamilton County PID # 2010042001800 & 2010038006600. Property will transfer free of any liens and with an insurable title.
PROPERTY #8
OFFICE/WAREHOUSE FACILITY
Ordered sold by Owners
3101 Exon Ave
Cincinnati (Evendale), OH 45241
Directions: Off Reading Rd. turn onto Exon Ave.
Inspect: Thursday July 22 (10 – 11AM), or by appointment w/ auction firm.
Situated on a 100×400 lot (0.980 acre) this commercial building was constructed in 1975. It contains 8,424 sf with a dock door and a drive in door. This would make a great facility for a local service company. Current yearly real estate taxes are $5,598 based on an appraised value of $312,000. Hamilton County Auditor PID # 6110030017300. Selling free of liens with an insurable title.
PROPERTY #9
WELL LOCATED OFFICE BUILDING
Ordered sold by Owner
3476 Irwin Simpson Rd.
Mason, OH 45040
Directions: Montgomery Rd to Columbia Rd to Irwin Simpson Rd. (Located corner Irwin Simpson & Columbia Rds)
Inspect: Thursday July 22 (3:00 – 4:00PM), or by appointment w/ auction firm.
This frame office building was built in 1979 and sits on 1.332 acre lot. It contains approx. 7400 sf divided into several offices which are all fully rented. The property is generating gross yearly income of +/-$89,200 and an NOI of +/- $59,000.00. A certified copy of the NOI from January 2010 – June 2010 is available for viewing. According to the owner, there are (4) A/C units serving the building, the roof was replaced 12 years ago, and the driveway/parking lot was resealed in 2009. Real Estate taxes come in at $5,237.55 semi-annually. Warren County PID # 16211770400. This will make an exceptional property for your real estate portfolio no matter what cap rate you use. Current taxable value $606,370.