Income Generating 6-Lot Mobile Home Park in Ashland
Listing ID#: 910288
| Sale Location |
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111038 Broadway Drive 111038 Broadway Drive Ashland, KY 41102 |
| Sale Dates and Times |
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Bidding Starts: Wednesday Nov 11, 9:00 AM Bidding Ends: Tuesday Dec 15, 6:00 PM |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Joe R. Pyle Complete Auction & Realty Service Contact: Alan Heldreth Phone: 3045926000 Email: info@joerpyleauctions.com Website: www.joerpyleauctions.com EstateSale.com ID#: 5968 View company information and listings |
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| Listing Terms and Conditions |
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REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders), payable to Woodrow Wilson, Broker, 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. Closing will be held at the offices of Whitley Hill Bailey. 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. AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer 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. |
| Listing Information |
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Online Real Estate Auction
Bidding begins closing Tuesday, December 15th at 6:00PM
111038 Broadway Drive
Ashland, KY
Investment Opportunity – 6 Mobile Home Lots with Rental Income
This property features 6 mobile home lots, including 2 owned mobile homes, with established long-term tenants and consistent rental income. The property is serviced by public water and sewer and offers a great opportunity for investors looking to add rental income to their portfolio. With one owned mobile home currently vacant, there is also potential to increase the property's rental income.
Property & Rental Details
· Lot 1 – Lot Rent Only
o Monthly Rent: $150
o Annual Rental Income: $1,800
· Lot 2 – Owned Mobile Home
o Monthly Rent: $950
o Annual Rental Income: $11,400
· Lot 3 – Lot Rent Only
o Monthly Rent: $150
o Annual Rental Income: $1,800
· Lot 4 – Lot Rent Only
o Monthly Rent: $150
o Annual Rental Income: $1,800
· Lot 5 – Owned Mobile Home
o Currently Vacant
o No current income - additional rental income potential once occupied
· Lot 6 – Lot Rent Only
o Monthly Rent: $150
o Annual Rental Income: $1,800
Current Rental Income Summary
· Total Monthly Rental Income: $1,550
· Total Annual Rental Income: $18,600
· Additional Income Potential: Lot 5 is currently vacant and available for future rental income.
Property Highlights
· 6 Mobile Home Lots
· 2 Owned Mobile Homes Included
· 5 Currently Rented Lots
· Established Long-Term Tenants
· Public Water & Sewage
· Consistent Existing Rental Income
· Opportunity to Increase Income by Renting Vacant Mobile Home
· Great Investment Opportunity
Whether you're looking to expand your rental portfolio or purchase your first income-producing property, this 6-lot mobile home property offers existing rental income with additional upside potential.
Rental income figures are based on the current stated rental amounts, assuming 12 months of full collection, and are before property expenses, taxes, maintenance, insurance, and vacancies.
Sold in cooperation with Woodrow Wilson, Broker 179027
10% buyer’s premium. 60 days to close. Closing will be held at the offices of Whitley Hill Bailey. Please read full terms and conditions before bidding.
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
Joe R. Pyle RP3864
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