3 Homes & 7 Turnkey Rental Units!

Investment Real Estate Auction!

THURSDAY, October 15, 2009 at 6 pm
Preview starts at 5 pm for both

Auction Onsite: 119 State St; Batavia, NY 14020 (Genesee County) (City of Batavia)
Mike Ognibene Inc. & MJO Properties, LLC * Selling because owners have acquired a larger property !

Auction in Tent* Signs Posted * Chairs Available

3 investment homes sell in two parcels. 119 State St. & 28 Washington Ave; Batavia, NY!

AUCTION LOCATION: Both properties will be auctioned at 119 State St.

Directions: 119 State St: From the center of the city of Batavia, NY: Go east on main st. (.1) miles to left on Jefferson Ave. Go straight (.2) miles & Jefferson Ave. turns into Willow St. Go straight another(.1) miles to left on State St. Go (.1) miles to auction on left. 28 Washington Ave: From the center of the city of Batavia, NY: Go east on main St. (.1) miles to left on Jefferson Ave. Go straight (.2) miles to left on Washington Ave. Go (.2) miles to auction on left.

Real Estate Open House: Monday October 12th from 4:30- 6:00 PM & 1 hour prior to auction. Walk the lots at your convenience.

REAL ESTATE: Investment real estate! 7 total turnkey rental units in 3 homes currently providing $3,900 per month gross income with tenants paying for 100% of electric, 71% of heat & 71% of water bill! Located right in the heart of the city of Batavia, NY! Of the seven units, all seven have separate electric, 5 have separate heat & 5 have separate water bills! Currently $46,800 annual gross income with renters paying almost all the bills! All homes are presently 100% leased or rented! They all have newer roofs & have recently been completely vinyl sided w/ plentiful parking! All appliances are included in the sale of real estate & all the insides are in “TURNKEY” rentable shape!

119 State St: 2 homes on 1 parcel with 5 total rental units all with sep. heat, elec. & water bills currently providing $2,750 per month gross income! Located on a 63’ X 243’ private lot w/ very nearby Austin & Centennial parks! A perfect owner occupied or rental property! Have the tenants pay the mortgage either way!

Home 1: Located in the front part of the lot. A wonderful 4 family old style home w/ (1) 3 BR apt. & (3) 1 BR apts. w/ 3,620 total rentable SQFLA built in 1880. Property class: 411 Apt.

Unit 1: Sells as 3 BR apt. 1st story w/ 2 entrances. Kitchen: Hardwood style laminate flooring, double SS sink, raised cabinetry, laundry hookups, utility closet, refr., elec. stove & vent & nice garden window! Dining Room: Triple picture window, ceiling light, fireplace, Wedgewood paneling, hardwood floors & fancy original twin antique Victorian style carved pillars separating the dining and family rooms. Family Room: Hardwood floors & fancy original twin antique Victorian style carved pillars separating the dining and family rooms. BR1: a walk through closet leads to BR1 w/ hardwood floor & Wedgewood paneling. BR 2: Hardwood floor & natural wood paneling. BR 3: Hardwood floor & natural wood paneling. Full Bath: Bath tub w/ shower, toilet, Hardwood style laminate flooring & sink. Unit 1 has a front entrance & side entrance w/ sep. heat from basement furnace, sep. water & sep. elec. , forced air heat, its own thermostat & access to the basement. Currently being rented for $700 per month plus.

Unit 2: Sells as a 1 BR apt, 1st story w/ side entrance. Kitchen: eat in w/ raised cabinetry, double SS sink, wood paneling, floral wall paper, elec. stove, refr., & carpeted. Living Room: carpeted & spacious w/ Wedgewood paneling. BR 1: carpeted, Wedgewood paneling & walk in closet. Full Bathroom: toilet, bath tub w/ shower, sink & carpeted. Unit 2 has its own thermostat w/ sep. elec. heat, sep. water & sep. elec. Currently being rented for $450 per month plus.

Unit 3: Sells as a 1 BR apt, 2nd story w/ front stairway entrance. Kitchen: eat in w/ raised cabinets, double ss sink, linoleum floor w/ stove/oven & refr. Pantry: linoleum floor, Wedgewood paneling & hall linen closet. Living Room: carpeted & spacious w/ Wedgewood paneling. BR 1: carpeted w/ Wedgewood paneling & spacious. Full Bathroom: linoleum floor, toilet, sink, bath tub w/ shower & vanity. Unit 3 has its own thermostat w/ sep. elec. heat, sep. water & sep. elec. Currently being rented for $400 per month plus.

Unit 4: Sells as a 1 BR apt, 2nd story w/ front stairway entrance. Kitchen: very large eat in w/ raised cabinets, double SS sink, linoleum floor, elec. stove/oven w/ vent & refr, food closet, garden window, SS tiles & access to the attic storage area. Living Room: carpeted & spacious w/ natural pine paneling & utility closet. BR 1: carpeted w/ Wedgewood paneling & spacious w/ clothes closet. Full Bathroom: linoleum floor, toilet, sink, bath tub w/ shower & vanity. Back storage room: unfinished, spacious & a potential 2rd bed room! Unit 4 has its own thermostat w/ sep. elec. heat, sep. water & sep. elec. Currently being rented for $400 per month plus.

Basement: Stone wall foundation, back entrance, (4) separate hot water heaters, gas furnace (runs Unit 1 only), concrete floor & (5) sep. 100 Amp. elec. boxes.

Home 1 sells w/ newer shingled roof (only 4 years old), rubber porch roofs, vinyl siding, phone & cable hook ups, public water, public sewer & front porch.

Home 2: Located in the back part of the lot, an old style 1 family, 2 story home w/ (3) total BR’s, 1,300 rentable SQFLA & built in 1880. Known as: Unit 5.

Unit 5: Sells as 3 BR rental home w/ front & side entrances. Front Porch: Knotty pine window trim, Wedgewood paneling & concrete floor. Kitchen: Hardwood style laminate flooring, double SS sink, raised cabinetry, tile walls, refr., elec. stove & vent & nice garden window! Dining Room: Triple picture window, natural woodworking, carpeted & hardwood paneling. Family Room: Carpeted & spacious. Office/ Den: Hardwood style laminate flooring w/ attic space above. BR1 downstairs: carpeted & nice sized. BR 2 upstairs: carpeted, nice sized & entrance to attic. BR 3 upstairs: carpeted, nice sized & walk in closet. Full Bath: Bath tub w/ shower, toilet, hardwood style laminate flooring, built in linen closet & sink. Unit 5 has a front entrance & side entrance w/ sep. heat from basement furnace, sep. water & sep. elec., forced air heat, its own thermostat & access to the basement w/ laundry hook ups. Currently being rented for $750 per month plus.

Basement: Stone wall & concrete block foundation, crown N.G. furnace, sub pump, separate 40 gallon hot water heater, concrete floor & sep. 100 Amp. elec. boxes, laundry hook ups & back entrance.

Home 2 sells w/ newer shingled roof (only 3 years old), vinyl siding, phone & cable hook ups, public water & public sewer, storm windows & front porch.

Tax map #: (84.007-1-17), 2 homes on one lot w/ 4,920 total rentable SFLA, assessed @ $125,000, , property class 411 Apt., gas & elec. Utilities, & located in the Batavia City Schools. This property doesn’t need flood insurance & sells with a detached 2 story (2) car garage/ barn in need of repair.

28 Washington Ave: A 2 family duplex with upper & lower units currently providing $1,200 per month gross income w/ 1,808 SQFLA. A perfect owner occupied or rental property! Located on a 46’X95’ lot w/ very nearby Austin & Centennial parks! Sells w/ (2) 2 BR apts. w/ (2) separate electric meters! ! ! Have the tenants pay the mortgage!

Lower Unit: Sells as a 2 BR apt, 1st story w/ back porch entrance. Kitchen: eat in w/ raised cabinets, laundry hookups, sink, linoleum floor w/ gas stove/oven & refr. Living Room: carpeted, ceiling fan & spacious w/ natural woodwork entry way trim. Master BR 1: carpeted w/ closet & spacious. BR 2: carpeted & spacious. Full Bathroom: Bath tub w/ shower, toilet, sink & vanity. Lower unit has its own thermostat w/ included. elec. & currently being leased for $600 per month.

Upper Unit: Sells as a 2 BR apt, 2nd story w/stairway entrance. Kitchen: eat in w/ raised cabinets, sink, ceiling fan, food closet, laundry hookups, carpeted, w/ stove/oven & refr. Living Room: carpeted & spacious, ceiling fan & natural woodwork entry way trim. Master BR 1: carpeted w/ closet & ceiling fan. BR 2: carpeted w/ closet & spacious. Full Bathroom: Antique claw footed bath tub w/ shower, toilet, sink & vanity. Upper unit has its own thermostat w/ included elec. Currently being leased for $600 per month.

Basement: Stone wall foundation, GE gas fired furnace, newer 40 gallon hot water heater & (2) sep. 60 Amp. elec. boxes.

Sells w/ newer shingled roof (only 3 years old), vinyl siding, phone & cable hook ups, public water & public sewer, storm windows, 1 furnace, forced air heat, front porch.

Tax map #: (84.040-2-7) Built in 1890 w/ 1,880 rentable SFLA, assessed @ $64,000, property class 220= 2 family res., Zoning code: B1, public water, public sewer, hot water steam heat, gas & ele. Utilities, neighborhood code: 27004 & located in the Batavia City School district.

Zogg Brothers Note: An outstanding opportunity to buy 5, 2 or 7 rental units in the city! Our owners have acquired a larger property & no longer need these! ! Come and bid your price the AUCTION WAY! Call with any questions you may have! INVEST IN REAL ESTATE ! !

Standard Real Estate Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 10% down on day of auction, with the remainder due at closing within 7 – 45 +/- days. Warranty Deeds. Properties sell “As Is, Where Is.” All test required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! Order a (PIP) property information packet w/ more information & auction procedures now! 2.5% BROKER PARTICIPATION INVITED! Buyer/ Broker’s must register 48 hours in advance and have the required form submitted w/ broker, auctioneer & client signatures. NYS property disclosure forms will be available at open house. Auctioneer agency represent s only the sellers.

Photos:

• 28 Washington Ave.
• 119 State St.
• Back to Listing

 

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