REAL ESTATE AUCTION
Wednesday, January 29th 10:00AM
Registration & Inspection begin at 9:00AM
1120 North Fork Rd.
West Liberty, WV
(Additional Parking: 2741 North Fork Rd.)
Major Cash Flow Investment Opportunity
SUBJECT 1: 13-Unit Apartment Complex
***Fully Renovated in 2018***
***0.5 Miles from West Liberty University***
***Walk to Class***
***Additional Parking Across the Street***
***Fully Rented Up to the 2024-25 School Year***
***Over $210,000 2023 Gross Annual Income***
Property Overview:
0.73 +/- Acres (Main Building), 0.49 +/- Acres (Across Street Parking)
13 Total Units
12 Units – 4 Bedroom, 2 Bathroom
1 Unit – 2 Bedroom, 1 Bathroom
Individually Metered Electric and Gas
Each Unit with own Furnace and Central A/C
Each Bathroom with own Hot Water Tank
Public Utilities
Flood Insurance $8,500 per year
Click the following link for a virtual tour: https://my.matterport.com/show/?m=T6VMYYJSVN5
See Floor Plans in Photos
District 9, Map WL10, Parcels 3 & 17
Potential Rental Income: $300,000 annually
SUBJECT 2: Income Generating Commercial Building
1130 North Fork Rd.
***Fully Renovated in 2018***
***$18,000 Gross Annual Income***
***Long Term Tennant on Property***
***0.5 Miles from West Liberty University***
Property Overview:
0.129 +/- Acres (as assessed)
Major Renovation Completed in 2018
Tennant is Responsible for all Interior and Exterior Maintenance
Tennant has three, five-year renewal options left
Each renewal Term Equal to 110% of Current Annual Rent
Adjoins Subject 1
District 9, Map WL10, Parcel 4
10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied.
Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation unless otherwise noted.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
We don't just list your property - WE SELL IT!
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
Joe R. Pyle, Broker
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
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