ABSOLUTE ON-SITE AUCTION
MR. AND MRS. TROY BOGGS
APPROXIMATELY 2.1 ACRES (OFFERED IN 5 TRACTS) WITH 2 HOUSES, APARTMENT BUILDING AND MOBILE HOMES
SATURDAY, OCTOBER 27, 2018 – 10:30 A.M.
300 BLOCK BARBOURVILLE ROAD, LONDON, KY
DIRECTIONS: From Interstate 75 Exit 38 in London, Ky, follow Hwy 192 East 1.1 mile and turn right/south onto Hwy 229/Barbourville Street. Proceed 3/10 mile to the property on left. Auction signs are posted.
DESCRIPTION: This property is loaded with possibilities! It is strategically located about 1 / 4 off the Hwy 192 Bypass near commercial and residential developments. Laurel Grocery, Jackson Energy, Flea Land Flea Market, convenient stores, car wash and offices are just a few of the neighbors in the immediate area. This property features frontage on three streets:Barbourville Road/Hwy 229, Ray Overbey Road and Brown Lane. It is located in the city limits with all city utilities. Two of the tracts are zoned C-2 Commercial with the remaining three tracts zoned R-2 Multi Family Residential. The property will be offered at multi-parcel auction. Tract descriptions are as follows:
Tract #1: 348 Barbourville Road (Zoned C-2) – Tract 1 features 0.38 acre with frontage on Barbourville Road and Brown Lane. It is improved by a ranch style house with 2 car garage. The house features 3 bedroom, 1 full bathroom, kitchen, living room, dining area, washer / dryer hookup and central heat/air condition. It is presently leased through August 30th 2019.
Tract #2: 380 Barbourville Road (Zoned C0-2) – This tract features 0.39 acre with road frontage on Barbourville Road and Ray Overbey Road. It is improved by a ranch style house with living room, 4 bedrooms, 1.5 bathrooms, kitchen, utility area, hardwood floors, central heat and air condition, and a 2 car carport with large parking area. It is presently rented month to month.
Tract #3: Ray Overbey Road – (Zoned R-2) - This tract measures 0.74 acre with frontage on Ray Overbey Road. It is improved by a 3 unit apartment building, mobile home, small garage building and storage barn. The apartment building is one level featuring 3 units. Each unit contains living room, kitchen, full bathroom, one bedroom, utility area, kitchen appliances and central heat and air condition. The mobile home features 2 bedrooms, 1 bathroom, kitchen, living room, covered front porch and central heat and air conditioning. The apartment units and mobile home are presently rented on a month to month basis.
Tract #4: Brown Lane – (Zoned R-2) – This tract measures 0.31 acre with frontage on Brown Lane. It is presently vacant but was formerly a mobile home site and still has the electrical hookup.
Tract #5: Brown Lane – (Zoned R-2) – This tract measures 0.27 acre with frontage on Brown Lane. It is improved by a mobile home with 2 bedrooms, 2 bathrooms, living room and kitchen / dining combo.
PERSONAL PROPERTY: 3 mobile homes to be moved and their contents. Contents include doors, windows and building supplies. Contents of barn including tools, building supplies and other personal property.
BUYER PREMIUM: A 10% Buyer’s Premium will be added to the winning bid amount to determine the final sale price.
TERMS: Real Estate - 20% down, balance due in full within 30 days. Personal Property – Payment in full at conclusion of auction by method of check, cash, wire transfer, Mastercard and Visa. All checks drawn on banks outside Kentucky must be accompanied by a bank letter of guaranteed payment. Credit card transactions will be assessed a 3% fee ($3 minimum).
AUCTIONEER / BROKER / SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being provided for the bidder's convenience and it is the bidder's responsibility to determine the information contained herein is accurate and complete. The properties are selling in their as-is condition with no warranties expressed or implied.