Auction Information
5.17 Acres in Murray, KY
ABSOLUTE REAL ESTATE AUCTION
QUALITY INVESTMENT PROPERTIES
Thursday, October 28th, 2010 At 6:00 PM
LOCATION: 49, 61, 79, 81, 101, 111, 129 & 133 Cardinal Ridge Lane, Murray, KY 42071. From Murray: Take 94 East 3.3 Miles To KY-280. Follow KY-280 0.5 Miles To Cardinal Ridge Lane And Proceed To Auction Site. Signs Posted!!
GREAT INVESTMENT OPPORTUNITY! OUTSTANDING LOCATION JUST 4 MILES FROM MURRAY STATE UNIVERSITY! EXCELLENT BUILDING LOTS! MURRAY CITY WATER! SEPTIC TANKS ON EACH CURRENT DUPLEX & MOBILE HOME LOT!
REAL ESTATE TRACTS:
TRACT 1* 0.595 Acre Building Lot
TRACT 2* 49, 61, 79 & 81 Cardinal Ridge Lane – Two Brick Duplexes. Each Unit Features 2 Bedrooms, 1 Bath, Living Room, & Eat-In Kitchen. Situated On 0.810 Acres. Unit 49 Renting For $370.00/Month, Unit 61 Renting For $450.00/Month, Unit 79 Renting For $330.00/Month And Unit 81 Renting For $355.00/Month.
TRACT 3*10...
TRACT 3*101, 111, 129 & 133 Cardinal Ridge Lane – Two Brick Duplexes. Each Unit Features 2 Bedrooms, 1 Bath, Living Room, & Eat-In Kitchen. Situated On 1.076 Acres. Unit 101 Renting For $380.00/Month, Unit 111 Renting For $355.00/Month, Unit 129 Renting For $380.00/Month And Unit 133 Renting For $380.00/Month.
TRACT 4* 1.612 Acres With Three Mobile Home Lots. Each Lot Renting For $130.00/Month.
TRACT 5* 1.081 Acres With Two Mobile Home Lots. Each Lot Renting For $130.00/Month.
VACANT LOTS HAVE SEPTIC TANKS – GREAT POTENTIAL FOR MORE DUPLEXES!
POTENTIAL YEARLY INCOME FOR DUPLEXES & LOTS IS $43,800.00
REAL ESTATE WILL SELL AT 6:00 PM ON THURSDAY ABSOLUTE TO THE HIGHEST BIDDER REGARDLESS OF PRICE! AUCTION HELD ON SITE!
BUY INDIVIDUAL TRACTS OR THE ENTIRE PROPERTY!!
REAL ESTATE TERMS: 15% Down Day of Sale Balance in 30 Days. *A 10% Buyers Premium Will Be Added To Final Bids And Included In The Contract Price.
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