REAL ESTATE AUCTION

Wednesday, January 21^st 4:00PM

Registration begins at 3:00PM

25 Richardson Court

Belle, WV

Excellent investment opportunity featuring an established, income-producing trailer park with multiple mobile homes and leased lots situated on approximately 7.93± acres in Kanawha County. Conveniently located just minutes from I-64 and downtown Charleston, this property offers strong rental history with upside potential.

The park includes multiple mobile homes and lot rentals, serviced by city water and sewer, with a mix of occupied and vacant units providing immediate cash flow and value-add opportunity. An on-site office building and storage building are also included.

Improvements include:

·        25 Richardson Court – 3 BR / 2 BA; living room, dining room, kitchen, covered front porch, carport, washer/dryer hookups; central AC, electric heat. Rented month-to-month at $850.

·        44 Richardson Court – 2 BR / 2 BA; living room, dining room, kitchen, washer/dryer hookups, off-road parking; central AC, electric heat. Rented month-to-month at $675.

·        99 Richardson Court, Belle, WV – 3 BR / 1 BA; living room, dining area, covered front porch, washer/dryer hookups; central AC, electric heat. Currently vacant.

·        27 Lepage Lane – 2 BR / 1 BA; living room, dining room, open kitchen, washer/dryer hookups, off-street parking; includes storage building; minutes from I-64 and downtown Charleston. Rented month-to-month at $700.

·        49 Richardson Court – Lot only; rented month-to-month at $175.

·        73 Richardson Court – Lot only; rented month-to-month at $200; central AC with gas forced heat; nice lot.

Additional Details:

·        Approx. 7.93 acres ± (as assessed)

·        City water & sewer

·        Central AC / electric and/or gas forced heat (varies by unit)

District 23, Map 29, Parcel 9

Legal Description: 9.93/100A Burning Springs, 2 MH sites, 7 MH

Directions: From I-64 East, take Exit 96 for Belle/Route 60. Travel 5.8 miles to Belle, turn left in approximately 700 ft, continue 2.2 miles; property will be on the right.

10% buyer’s premium.  60 days to close.  Please read full terms and conditions before bidding.

REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted.  Credit cards will not be accepted for the down payment.  No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied. 

Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted.  60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price.  Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents.  No exceptions.  Real estate sold subject to owner confirmation unless otherwise noted.  Auction company reserves the right to bid on behalf of the seller in an auction with reserve. 

AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.

DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.

Any references to acreage, unless otherwise noted, are derived from public record and are not warranted.  Buyers are responsible for conducting their own research prior to bidding.

BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction.  Brokers/Agents are not entitled to a commission if they are the purchaser.

We don't just list your property - WE SELL IT!

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

Joe R. Pyle, Broker

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

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