APARTMENT BUILDINGS AUCTION
EXCELLENT INCOME POTENTIAL
10 UNITS @ 121 N MILL ST, GREENTOWN
7 UNITS @ 127 E WALNUT ST, GREENTOWN
BOTH 1 & 2 BEDROOM UNITS
AUCTION: Wed, June 9th @ 5:00 PM EST
TO BE HELD @ 121 North Mill St, Greentown
OPEN HOUSES: Wed, May 19 & 26 from 4-6:00 PM
AUCTIONEER'S NOTE: These 2 apartment complexes were built and continuously owned by the Bretz family for over 50 years. This auction provides excellent income earning potential in stable Greentown neighborhoods. Please view the above websites for a video of each property, and extensive information regarding the buildings, financial information, and terms and conditions of the auction.
121 NORTH MILL STREET (ROSS DEE APARTMENTS): 10 units: 6-2 bedrooms + 4-1 bedroom (assessed valuation $914,500) taxes payable in 2021 $18,310, 8,456 sq. ft., built in 2014, total electric (heat pumps), owner pays water and sewage, the original building burned and the existing building was new in 2014, stone & vinyl exterior, asphalt shingle roof, and has thermo pane windows, handicap ramp, laundry room with 2 coin washers & dryers, storage barn, and maintenance room, tenant storage areas, 2 storage units. Land size: .66 acres, 145' X 200', southwest corner Mill Street and Grant Street.
127 EAST WALNUT STREET ( WAVERLY DEE APARTMENT): 7 units, originally built in 1967, 1 story, 7 units: 5-2 bedroom + 2-1 bedroom; assessed valuation $193,400, 2021 real estate taxes $3,887, 5,992 sq. ft., brick exterior, asphalt shingle roof, laundry area with coin washer & dryer, tenant storage area, gas hot water heat and window air conditioners. Land size: .334 acres, 150' X 100'. TERMS & CONDITIONS: $50,000 earnest money deposit per complex due day of auction with balance due at closing, on or before July 14, 2021. All taxes, assessments, and rents to be pro-rated to date of closing. Landlords possession of common areas day of closing, and possession of individual apartment units subject to current tenant's rights. Seller's utilities transferred day of closing. Damage deposits to be transferred to new owner. Seller will provide Owner's Title Insurance Policy's and Deeds. Each apartment complex will be offered individually and in combination. Both properties sold subject to confirmation of Sellers. ALL inspections must be completed prior to auction. Cash Closing Fee split 50/50. Income and expense information available upon request.
CRUME/ELLIS/MILLER AUCTIONEERS (765) 457-8238.
R. Cartwright Ellis, Auction#AU01023259
121 N Mill Street/10 Units
4-1 bedroom =$535/month
1 month rent
Heat Pumps in Each Apt.
Utilities for Laundry
Unit #4 is Handicap equip,
Hard wired Smoke/fire detectors, Vinyl thermo windows, 2 coin washers & Dryers, Maintenance room, Covered porch, Tenant Storage, Elec range, refrig, exhaust fan, 30 gal water heater, disposal, walk-in showers, fire sprinkler