PUBLIC REAL ESTATE AUCTION
Friday, April 8, 2016 – 6 PM www.rgilliganauctions.com
(3) Separate Investment Properties – Clearfield Borough
All Properties Have Excellent Rental History
Property #1: 211 Nichols St. (4-Bedroom Duplex)
Property #2: 323 East Pine St. (3-Bedroom Duplex)
Property #3: 221 Nichols St. (2-Story Block Building, Needs Restored)
Ron J., Ron S. Gilligan, & David C. Zentner will conduct a Public Real Estate Auction at the above locations (all 3 properties will be sold from Property #3 at 221 Nichols St.). Take Rt. 322 W. to Clearfield, make slight right onto Bridge St. & after crossing bridge continue straight onto Nichols St. to properties on right. For Property #2, take Rt. 322 West to Clearfield & make slight left onto N. 3rd St., turn left at the 3rd cross street onto E. Pine St. to property on right.
Property #1: sold at Absolute Public Auction of $25,000 or more consists of a vinyl-sided currently rented 4-bedroom duplex with 2 full baths. 1st floor unit has 2 bedrooms & laundry lookup. 2nd floor has been remodeled with 2 bedrooms & a nice granite-top counter. Property is public water, public sewer, off-street parking, & hot water baseboard heat. Example: Purchase unit for $30,000 for 20 Years @ 3.5% = $174.00/mo. with rental income of $1,100.00/mo. generating $926.00 of positive cash flow before expenses. Purchase unit for $60,000 for 20 Years @ 3.5% = $348.00/mo. with rental income of $1,100.00/mo. generating $752.00/mo. of positive cash flow before expenses.
Property #2: sold at Absolute Public Auction of $25,000 or more consists of a 3-bedroom currently rented vinyl-sided duplex w/ large backyard, (2) full baths, & attached 1-car garage. One unit is 1-bedroom & 2nd unit is a 2-bedroom with a bonus room. Property has public water, public sewer, & hot water baseboard heat. Example: Purchase unit for $30,000 for 20 Years @ 3.5% = $174.00/mo. with rental income of $1,075/mo. generating $901.00/mo. of positive cash flow before expenses. Purchase unit for $60,000 for 20 Years @ 3.5% = $348.00/mo. with rental income of $1,075/mo. generating $727.00/ mo. of positive cash flow before expenses.
Property #3: Priced To Sell Zoned Residential Urban (Multi-Family Dwelling) 5-unit 2-story block building with a vacant lot beside the building making a nice yard & common area. This building is in need of some interior restoration resulting from fire damage. Remodel to suit. These properties will be in an affordable price range for a great investment opportunity with positive cash flows. For more info. call Ron: (814) 237-0189. Terms: 10% down day of auction – balance due in 45 days. Auction by: Auctioneers: Ron J. & Ron S. Gilligan & David C. Zentner, #AU339-L & #AU3430-L & #AU5442-L.
ALL ORAL INFO DAY OF AUCTION TAKES PRECEDENCE OVER ANY & ALL WRITTEN ADS
OWNER & AUCTIONEERS NOT RESPONSIBLE IN CASE OF ACCIDENTS.