Income producing College Rental Property Auction
Adjoining Alderson Broaddus College in Philippi, WV
Tuesday, August 6th at 5:00 PM
Registration & Inspection begin at 4:00PM
#7 and #28 & #30 College Hill Court, Philippi, WV
We will be selling what is arguably one of the best rental properties amidst the Alderson Broaddus campus in Philippi, WV
28/30 College Hill Court
This is a 2-apartment duplex built in 2013. Each apartment consists of 2 bedrooms, 1 bath, eat-in kitchen, and living room. They are equipped with all appliances including washer/dryer. The apartments are nicely furnished with all furnishings conveying with the property. The units are total electric with forced air heat and air conditioning.
7 College Hill Court
This is a Cape Cod style home with 3 bedrooms and 1 Bath. Extra room could be used as 4th bedroom or office. The home has an eat-in kitchen and a large living room. There is a full basement. It is served by gas forced air heat and central air. This home has been recently remodeled and very well maintained.
Property Features and Highlights
Premium off-street lighted parking
Pad for potential expansion for another duplex
City water & Sewer
High speed internet.
2 apartments set up on 15-month leases to serve physician’s assistant program
Currently fully occupied with leases in effect
Outstanding rental history
Currently using a professional cleaning service, pest management, and lawn care service
4-year examples of positive gross income.
Situated upon approximate .56-acre lot
All one deed
2019 Gross income projected at nearly $30K!
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction with balance due at closing. 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. 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.
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
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