DOUBLEHEADER ABSOLUTE ONLINE/LIVE AUCTION
The Estate of Bill & Boshie Folger
Saturday, August 13th 1 p.m
Stanford, KY
Directions: From the intersection of 27 & 150, follow 27 South for 2.3 miles to property.
TRACT A: This tract has 178.9’ of frontage along Hwy 27, 161’ deep on the north side, 168’ along back, and 181’ along south side. This property presently brings in $650 monthly.
This tract is improved with the above pictured concrete block building and canopy that is presently being used as a retail store w/ 2 half baths, and concrete floor. Building measures 66’ long x 16’ wide with a shingle roof. In addition, there is a storage building measuring approximately 90’ x 32’ with six overhead garage doors. This building has additional space that could be converted to additional storage. This tract offers lots of potential with excellent road frontage.
TRACT B: has 114.26’ frontage on Hwy 27 & 121’ on 698. It is improved with an apartment building measuring approximately 32x50. There are 2 rental units, w/vinyl siding, shingle roof. Each apartment has living room, kitchen, 2 bedrooms, 1 bath and electric heat. One of the apartments has been completely remodeled. In addition, there is a building measuring 28x12 that presently houses a barber shop. The barber shop has electric heat, vinyl flooring and a shingle roof. a mobile home measuring 28x40 with living room, kitchen, 2 bedrooms, and 1 bath. Mobile home has electric heat and shingle roof.
All of the buildings are presently rented making this an ideal tract for the investor. This property presently brings in $1550 monthly.
The two properties together are presently bringing in $2200 per month.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
This is also a simulcast sale giving you the opportunity to bid in person or online.
Note: The purchaser of any single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead based paint. The inspection period is August 3rd through August 12th. The successful bidder must sign a waiver of the 10-day post-inspection period.
BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid to determine final sale price.
TERMS: 20% down day of sale with balance due in 30 days with deed. If online buyer, deposit shall be within 72 hours.
Announcements made day of sale take precedence over printed material.
Danny Ford, Auctioneer
TERMS: 20% down day of auction with balance due in 30 days with deed. If online buyer, 20% down shall be within 72 hours.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives.