Real Estate Auction Investment Property
Description
MEGA AUCTION PROPERTY
Property Inspection: Monday, May 17th @ 5PM
Laundromat
16 Washers (8 front loads and 8 top loads)
4 large industrial size washers
13 dryers
Vending machine
Change machine
Built in 1967
Tax ID#: 10-2337759-373076-0000
Mansonry construction
Shingle roof
Public water and sewer
Gas heat and gas hot water
12+ parking spaces
Taxes approx: $3,900
Full cement basement with lots of storage. Has built-in water purification system (not used in 10 years)
VERY WELL MAINTAINED AND CLEAN
2009 EXPENSES
Electric: $2,504.41
Water: $3,403.04
Gas: $5,253.19
Taxes: $3,754.99
Garbage: $689.34
Phone: $462.61
Water Usage:
11/8/2008 - 2/10/2009 - 97,000 gallons - $826.12
2/11/2009 - 5/12/2009 - 92,000 gallons - $795.32
5/13/2009 - 8/11/2009 - 98,000 gallons - $832.28
8/12/2009 - 11/23/2009 - 104,000 gallons - $923.52
11/24/2009 - 3/3/2010 - 88,000 gallons - $817.44
GROSS INCOME (ESTIMATED FROM 2009) - $42,000
3 BEDROOM APARTMENT LOCATED ABOVE LAUNDROMAT GENERATING $600/MONTH
- Water, sewer & garbage included in rent
- Tenant pays all other utilities and heat
- 1,456 square feet
- Living room
- Dining room
- Kitchen
- 1 full bath
- GOOD LONG TERM TENANT!
Terms and Conditions
A 10% deposit collected on day of auction. Balance due in 45 days. A 3% buyer's premium will be added to final purchase price.
