Income Producing Opportunity in Stark County SOLD $330,000
Minerva, OH 44657
Income Producing Opportunity in Stark County
2 Storage Unit Buildings | 44 Units | 9.91 Acres | Gated | Billboard |
Paris Township | Stark County | Minerva LSD
ONLINE ONLY
Monday February 12th 2024, at 5:00 PM
Location: U.S 30 (Lincoln St.) Southeast Minerva, OH 44657 GPS Coordinates: 40.752900, -81.155337 Directions: From East Canton take U.S. 30 (Lincoln St.) East to property. Signs Posted!
Summary: Attention Investors! Don’t miss the chance to purchase this nearly 10-acre lot with 2 solid pole-framed storage unit buildings approximately 30x90 and 30x110. The 44 units were built in 2009 (the county says the buildings were built in 2016 but when looking at the imagery it appears the buildings would have been built in 2009) and offer great visibility, great access, and plenty of space to expand. There is a chain link fence around the 2 buildings and just beyond that is a large billboard sign for extra rental income. All seller owned gas/oil/mineral rights will transfer to the new buyers. Portions of the property lie in the wetlands. Take advantage of this highly desirable investment!
One of the units is being used for the security cameras and personal items. Each unit has electric with a timer light.
The rental information that we do have is that only 9 of the units are currently rented and it doesn’t appear they were managed properly. Huntington Billboards owns the billboard but the executor believes they only pay them 10% of the gross rent of all new billboards. There are a total of (36) 10x14 Units (8 of these are currently rented between $60.00-$65.00/Month) & (8) 7x9 Units (1 of these at currently rented at $30.00/month.)
Legal: Stark County Parcel #4101922. Paris Township, Minerva Local School District.
Taxes: Taxes are currently $2,063.57/half
Terms: 10% Buyers Premium. 10% nonrefundable down payment day of sale with the balance due at closing. Closing in 45 days. No financing or other contingencies, property sells “AS IS”. Any required inspections must be completed prior to bidding. Property sells subject to all articles of record. Announcements day of sale take precedence over all previous advertising and statements.
KAUFMAN REALTY & AUCTIONS
888.852.4111 www.kaufman-auctions.com
CLIFF SPRANG, REALTOR/ AUCTIONEER
330.464.5155 cliff.sprang@kaufmanrealty.com
Terms: 10% Buyers Premium. 10% nonrefundable down payment day of sale with the balance due at closing. Closing in 45 days. No financing or other contingencies, property sells “AS IS”. Any required inspections must be completed prior to bidding. Property sells subject to all articles of record. Announcements day of sale take precedence over all previous advertising and statements.