4-Unit Apartment Building at Absolute Online Auction

4-Unit Apartment Building at Absolute Online Auction
Friday, December 6th, 2024 at 7:00PM
280 West Highway 80, Somerset, Ky

This four-unit apartment building offers an outstanding investment opportunity in Somerset, KY. Located just a quarter-mile from Highway 28 and Highway 80, this property is within easy walking distance of shopping, dining, medical facilities, and other local conveniences. The building includes a variety of unit configurations: a two-bedroom unit, an upstairs one-bedroom unit, a downstairs one-bedroom unit, and a one-bedroom unit on the back side of the building. Three of the units are equipped with central heating and air conditioning, while the upstairs unit is cooled with a window unit. The complex is using City water and sewer is available in the area, as well as other city utilities available at the location. This versatile property is perfect for anyone looking to expand their rental portfolio or create a multi-family rental complex with potential for renovations. Don't miss this chance to secure a multi-unit property with prime proximity to all Somerset has to offer.

REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due on or before December 31st, 2024. This property must close before the end of the year.. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.