4 Unit Apt Bldg Foreclosure On Corner Lot-near Pa Turnpike Ny Nj

$ 11149.00

Description

TREMENDOUS INCOME OPPORTUNITY-4 UNIT APARTMENT BUILDING ON CORNER LOT! CONVENIENTLY LOCATED NEAR PA TURNPIKE WILL SELL TO THE WINNING BIDDER WITH NO RESERVE! This is a full purchase price auction. High bidder wins this building and property outright. Bidding opens at $11,149. This auction is for a 4 unit apartment building on 4th Avenue in the heart and center of town, at 1538 4th Avenue, Arnold, PA 15068. This spacious apartment building is located on a corner lot, right at the intersection of 4th Avenue and 16th Street, with a Bus Stop right at the corner. The building contains (4) apartments, and is being liquidated to the highest bidder. It is located conveniently close to Exit 48 of the Pennsylvania Turnpike, making it very practical for a New York, New Jersey or Philadelphia owner as well as points West or South. Title will be delivered to the winning bidder free and clear of any and all liens, mortgages, back taxes and encumbrances of any kind via a Warranty Deed!! Reasonable Projected Income for the building is as follows: Apartment #1: $500 per month – 1 BR 1 BA APARTMENT Apartment #2: $500 per month – 1 BR 1 BA APARTMENT Apartment #3: $500 per month – 1 BR 1 BA APARTMENT Apartment #4: $500 per month – 1 BR 1 BA APARTMENT Total monthly income: $2,000 Total annual income assuming no vacancy: $2,000 X 12 = $24,000 Deduct an estimated vacancy of 20% (vacant units, repairs, cleaning etc.) = $4,000 Total annual income: $24,000 – $4,000 = $20,000 In 10 years, total rents you collect: $200,000 You still own the building..try making this return in the stock market! Here is an actual view of the building from 16th Street; the building is located right at the intersection of 4th Avenue and 16th Street. Another actual view of the building from further down the street from a different angle. An actual view of one of the kitchens in one of the apartments. All appliances are included for the winning bidder! Here is a view of one of the bedrooms in the upstairs apartments. An actual view of the stairwell leading from the 1st floor to the 2nd floor of the building. Here is a view of one of the baths in one of the apartments. An actual view of another one of the bathrooms in a different apartment upstairs. Here is the furnace in the basement of the building. A view of the electrical panel, with updated 200 Amp Service. Parcel #: 02-02-07-0-293 Legal Description of Property: 1538 4th Avenue, Arnold, Westmoreland County, PA 15068. Zoning and Lot Size: Commercial or C2; 22′ X 120′. County Recording Fee AND additional fees: Westmoreland County charges the following to transfer and record the deed: $87 recording fee and 2% Transfer Tax. Please note these fees are in addition to the winning bid amount. Monies will be paid to the county when deed is recorded for you. The Seller will pay all costs related to deed preparation and shipping. Major credit cards accepted through Pay Pal or USA Bank Cashiers Checks in USD (the two preferred ways) within 4 days of the close of the auction. Personal Checks in USD are accepted but the recording of the deed is a slower process. Please conduct all due diligence and ask all questions prior to bidding. All maps, copy of the deed that we have sent to the county for recording and information that we have will be mailed to the same name and physical address the winning bidder provides. Please note that this property is being sold in “as-is” condition. The information set forth herein related to potential resale prices, renovation costs, assessment info, annual taxes and property condition is based upon our own assessment of information gathered from various sources. Please conduct all due diligence and ask all questions prior to placing a bid. Any individual, corporation, or entity of any kind that bids on this property, or makes an offer on this property outside of eBay, hereby acknowledges and must agree to this disclosure. Please email all questions as they arise and winning bid information at the auction conclusion. Winning bidder: Please send instructions on whose names will appear on deed, address and telephone number. This information should be emailed immediately along with how payment will be made (Pay Pal, cashiers check or money order). Please note that payment is due within 4 business days of the close of auction. Please note that all parcels are being sold in an as is condition. All sales are final.

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