091617 New Albany Street Featured

4-Plex Absolute Online Investment Auction

SOLD - $206,800
ONLINE BIDDING ENDED

7:00 pm
Tuesday, September 19th

449-451 N. New Albany Street
Sellersburg, IN  47172

Selling Absolute to the Highest Bidder
No Minimum – No Reserve

Buyer's Premium

10% buyer’s premium to be added to the final bid price.

Terms

10% non-refundable down payment in the form of cash, check or wired funds is due within 24 hours following the auction with the signing of a legal binding purchase agreement. The cash balance of the purchase price will be due in 40 days. Real Estate taxes prorated to day of closing. Possession immediate at closing per tenant’s rights. Selling as is with no contingencies, all inspections welcomed prior to auction.

Multi-family four unit apartment building in the heart of Sellersburg selling online to the highest bidder to settle the estate of Jacque Hunter. 1980’s brick 5412 square foot two story in need of repairs located just off St. Rd. 31 and Hwy. 403.

MULTI-FAMILY INVESTMENT

Brick 2-story 5412 square foot four-unit apartment building built in 1987 includes (4) 2-bedroom units & (4) storage units on .220 acre. Two units have 1 1/2 baths and two units have 1 bath, each unit has equipped kitchen, laundry hookup, central air and gas heat. Selling as is with no contingencies, all inspections welcomed prior to auction. Building in need of repairs.

RENTAL INCOME

$695.00 per month (1 Unit Currently Rented)

ANNUAL REAL ESTATE TAXES & ASSESSMENTS

  • 2016 PAYABLE 2017 — $3,087.58
  • CURBSIDE RECYCLING — $136.00

TAX EXEMPTIONS

  • Homestead — $28,395
  • Homestead Supplement — $6,626

FLOOD DESIGNATION

Part of property is located in 0.2% Annual Chance Flood Hazard (aka 500 year floodplain). Buyer may not terminate agreement by reason of such location.

UTILITIES

  • Sellersburg Water Corp.(Includes Water, Trash, Sewer & Fire Protection)
  • Clark County REMC (4 Individual Meters)
  • Vectron Gas (4 Individual Meters)

SELLER Jacque Hunter Estate

ATTORNEY John Kraft

Directions

I-65 to Sellersburg Exit#9. North 1 mile on St. Rd. 31 to right on Hauss Street to left on North New Albany Street. Auction on left.