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ABSOLUTE AUCTION - Aug. 24 Featured

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Auction Date
2019-08-24
Time
1:00 PM
Address
25 GInger Ln., Hillsville, 24343, VA
ABSOLUTE AUCTION - Aug. 24
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INCOME PRODUCING ABSOLUTE AUCTION

SAT., AUG. 24th, 2019 – 1:00 PM

HOUSE CONVERTED TO 3 APARTMENTS ON LOT & ADDITIONAL CORNER LOT

25 Ginger Ln. – Hillsville, VA 24343

 

Lot# 1 – 1.5 Story Vinyl Sided Home on .283 Ac. Lot Converted to 3 Apartments:

Apt. # 1 – 3 Bedrooms/1 bath, hardwood floors & front porch.

Apt. # 2 – 2 bedrooms/1 bath, hardwood floors & front porch.

Apt. # 3 – 1 bedroom/1 bath with carpet.

 

The current owners have updated several items on this home to include: 99% of plumbing has been redone including 3 separate meters installed so you can monitor or even bill for water usage, W&D Hookup in common/storage area, vinyl replacement windows, vinyl siding, guttering, 3 separate hot water heaters and replaced heat systems in each apartment with propane monitors. Current rental income is $1,100 per month.

Potential buyers will have from Aug. 13th until Aug. 23rd to conduct a lead-based paint contamination test if they so desire.

 Lot# 2 - .231 Ac. Corner Lot is approx. 100’x100’, lays beautiful and has frontage on Morningview Heights and Ginger Lane. Excellent building lot in a great location.

Note: Lots 1 & 2 will be offered separate and together.

 

Terms: 10% deposit day of auction, balance within 30 days at closing.

 

Inspection: Call our office anytime to see this great property!

 

Auctioneer’s Note: Don’t miss this opportunity to purchase income producing property and let the rent pay for the building! Also an ideal corner lot both located in a very desirable part of town – All at ABSOLUTE AUCTION!!

 

Directions: From stoplight in Hillsville, VA at int. of Rt.# 58 & Rt.# 52 go N. on Rt.# 52 for 9/10 mi. to Rt.# 1016 (Morningview Heights), turn R & go 1/10 mi. to Ginger Ln., turn R and prop. on left.

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