Auction Info
Real Estate Sold for: $68,000
Auction Features
Property Features
• 1.66 acres
• 15 metal sided storage units
• 6 income producing parking spots
• Less than a mile from the Ky Dam Marina
• Water and electric available
• Residential development potential
• Units 1-7 are 10’ X 24‘ (7’ high door)
• Unit 8 is 10‘ X 34’ (7’ high door)
• Units 9-13 are 10‘ X 32’ (7’ high door)
• Unit 14 is 10‘ X 34’ (12’ high door)
• Unit 15 is 13‘ X 37’(12’ high door)
• Income-producing
• $8,640 yearly income based on $60 a month per unit avg. at an 80% occupancy rate
• $10,800 yearly income based on $60 a month per unit avg. at a 100% occupancy rate
• $10,080 yearly income based on $70 a month per unit avg. at an 80% occupancy rate
• $12,600 yearly income based on $70 a month per unit avg. at a 100% occupancy rate
Also selling contents of two storage units that belong to the estate.
Terms: 10% down at the auction, balance due by April 15th. Current leasing agreements will transfer to the new owner. Personal Property: to be paid in full at the auction by cash or check.
Seller: John Morris Estate
Map
Contact

Joseph M. Mills