Online Real Estate Auction

Bidding begins closing Tuesday, December 15^th at 6:00PM

Adams Avenue

Huntington, WV

MULTI-PROPERTY INCOME-PRODUCING INVESTMENT OPPORTUNITY

116 Storage Units | 6 Apartments | 3 Additional Residential Rentals | Commercial Detail & Car Wash Facility | Commercial Development Lot

An established, income-producing investment portfolio along Adams Avenue in Huntington, offering immediate revenue potential and long-term investment value.  This diverse package offers multiple streams of rental income, currently reporting approximately $10,160 in gross monthly income ($121,920 annually), with excellent potential for additional revenue and future expansion. Featuring 116 storage units, nine residential rental units, a commercial detail/car wash facility, and a fenced commercial lot ideal for future development, this offering provides investors the opportunity to acquire an established rental portfolio with room to grow.

All properties are being offered together as one package!

Storage Unit Information:

·        55 units – 5' x 10'

·        26 units – 10' x 10'

·        31 units – 10' x 20'

·        4 units – 16' x 16'

·        Majority of storage units are gated

·        Currently averaging approximately $3,050 per month in rental income

·        Opportunity to increase occupancy and rental revenue

838 Adams Avenue/ SIX Total Apartments:

·        One-bedroom apartment

·        (4) Two-bedroom apartments

·        Studio apartment

·        Washer/dryer hookups in all apartments except the studio

·        Separate electric meters

·        Combined monthly rental income of $4,700

·        For list of Rental Breakdown Please Contact Taylor Ramsey

838 Adams Avenue – Commercial Detail & Car Wash Facility

·        Garage/detail bay shop

·        Automatic car wash with equipment included

·        Air compressors

·        Office and customer waiting area

·        Restroom facilities

·        Excellent opportunity to generate additional rental income by leasing the space to a detail or car wash operator

·        Potential for additional business income

812 Adams Avenue- Commercial Development Lot

·        Approximately 0.5 +/- acres (as assessed)

·        Fenced lot with existing structure

·        Excellent potential for additional storage units, townhouses, apartments, or commercial development

·        Opportunity to expand the existing income-producing portfolio

·        Future development subject to applicable approvals

800 Adams Avenue- 3 Bedroom Residential Rental, Generating Income

·        Three-bedroom residential unit

·        Fenced corner lot

·        Currently rented for $850 per month

818 Adams Avenue- 2 Bedroom Residential Rental, Generating Income

·        Two-bedroom rental house

·        Currently rented for $910 per month

846 Adams Avenue – Income Generating Garage Apartment

·        Two-bedroom garage apartment

·        Currently rented for $650 per month

Investment Highlights

·        Approximately $10,160 in reported gross monthly rental income

·        $121,920 in annualized gross rental income

·        116 storage units in four sizes

·        Nine residential rental units

·        Commercial detail bay with additional leasing potential

·        Automatic car wash with equipment

·        Additional land for potential development

·        Multiple opportunities for increased rental income

·        Entire investment portfolio selling together as one package

District 7, Map 27, Parcels 261, 264, 265, 266, 267, 268, 269, 271, 272, 273, 274, & 275

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.  REAL ESTATE PURCHASE AGREEMENT WILL BE SENT TO THE EMAIL ON FILE FOR ELECTRONIC SIGNATURE FOLLOWING THE CLOSE OF THE AUCTION AND MUST BE SIGNED IMMEDIATELY.  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. 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

Joe R Pyle WV212

Charlotte Pyle WV2174

Alan Heldreth WV2224

Jordan Kiger WV2246

Bob Stewart, Jr WV825

Bob Stewart, III WV1292

Todd Short WV1649

Tia Wolski WV2351
Ethan Moore WV2354 

Taylor Ramsey WV2352

Nick Dawkins WV2410

Bud Shingleton WV1956

Colton McCown WV2463

Garrett Wilkerson WV2541A

Thomas Heldreth WV2520A

John Powell WV2481A

Taylor Self WV2521A

Kevin Zakariasen WV2482A

Brooke Patterson WV2536A