SOLD for $812,350. Thank you for participating in the auction!
Multiple Property Real Estate Auction - 4 Unit Apartment, 6 Unit Apartment, 3 Vacant Lots
Online Bidding Available: Wednesday, June 25th, 2025 at 7:00 PM
Live Auction Date: Wednesday, June 25th, 2025 at 7:00 PM
Live In-Person Auction Location: The Townships Room in Roscoe Village (318 North Whitewomen St Coshocton, OH 43812)
OPEN HOUSE DATES:
Wednesday, June 25th from 5:00 PM to 6:00 PM (2 hours prior to the auction)
4 Unit Apartment, 6 Unit Apartment, & 3 Vacant Lots - Selling Individually or in any Combinations
Auction Location:
The Townships Room in Roscoe Village (318 North Whitewomen St Coshocton, OH 43812)
OPEN HOUSE DATES:
Wednesday, June 25th from 5:00 PM to 6:00 PM (2 hours prior to the auction)
After the parcels are offered on an individual basis, the auctioneer will entertain subsequent rounds of bidding whereby buyers are permitted to combine the parcels of their choosing at a higher bid value. Buyers can place bids on the individual parcels or the combination at any time until the auctioneer closes the bidding. The real estate will sell in the manner that produces the highest bid price.
1399 Pleasant Valley Drive: 4-unit apartment complex with all 2-bed, 1-bath units. Each unit includes a garage with interior access, storage, and laundry. All units rent for $750/month plus utilities (electric, gas, water/sewer/garbage all billed to tenants). Fully leased with long-term tenants.
320 3rd St North: 6-unit apartment complex with 2-bed, 1-bath units. Shared laundry spaces for A-D; private basement laundry hookups and garages for E & F. All units rent for $700/month plus gas and electric (owner pays water/sewer/trash). Fully leased.
Three Vacant Lots:
- 3rd Street Lot: Approx. 0.24 acres, cleared and buildable.
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Pleasant Valley Dr Lot #1: Approx. 0.54 acres, cleared and buildable.
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Pleasant Valley Dr Lot #2: Approx. 0.20 acres, cleared and buildable.
All parcels will be offered individually and in any combination. Ideal for investors seeking rental income, development potential, or both.
The following is a summary of the Terms and Conditions for this auction for real estate situated at Parcels: 0350000080700, 0350000080800, 0350000080900, 0430000162200, 0430000251200 (the “Property”), being sold on 06/25/2025 (the “Auction”).
The undersigned Bidder agrees to abide by the Terms and Conditions of the auction and will execute the real estate purchase agreement. If you have not read and reviewed the Terms and Conditions, do not bid. In connection with the Terms and Conditions, and without limiting the same, Bidder understands the following:
A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% of final bid price per parcel by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
H) Closing to occur on or before 08/11/2025.
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 10% (TEN) Buyer’s Premium (or $__________ minimum) added to your final bid to determine the final purchase price.
By executing this document, the Bidder acknowledges receipt of the Terms and Conditions and agrees to purchase the property if they are the highest bidder. In the event the Buyer fails to act in accordance with the Terms and Conditions, the Seller and/or Auctioneer reserve the right to commence proceedings to recover actual damages, including reasonable attorney fees, and may also ban the Buyer from participating in future auctions.
