Steven D. Zogg Real Estate / Auctioneers and Sales Managers
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ABSOLUTE REAL ESTATE AUCTION!

INVESTMENT OPPORTUNITY - LEGAL 7-FAMILY HOME!

7 Family HomeOn site at 107 West Pulteney St. Corning, NY 14830 (City of Corning)(Steuben County)

Saturday November 7 at 11 AM * Preview at 10 AM

NO MINIMUMS * NO RESERVES

For Brandon Wheeler

QUALITY INVESTMENT OPPORTUNITY! (Legal 7 family home!)

$ 52,500 Gross Rental Income in 2014

Open House: Sunday November 1 (9-10 AM). Walk the lot at your leisure.

Directions: From Corning, NY: TAKE NY 414 North over the Bridge (.5) mile to LEFT on East Pulteney St. Go (.6) mile to auction on right signs posted.

A 2-story legal 7 family w/ 7 (1) BR rental units w/ parking Lot and 2 car 24’ x24’ detached garage on 42’ x 171’ LOT. Excellent CASH FLOW in 2014 the GROSS RENTS WERE $52,500! Excellent location downtown within walking distance to Corning museum of glass.

New metal roof in 2014, updated plumbing & newer boiler w/ hot water steam natural gas heat! 3,714 Rentable SQFTLA w/ with tenants paying trash, water and sewer. Electric and heat are included.

Full dry basement w/ stone & brick foundation and concrete floor. Gravel driveway, some newer replacement windows, laundry on site, parking, (2) zone heat & appliances. WHEN FULLY RENTED it brings in $4,900 per month. Month to month rent status will be announced at the auction. Sells TURNKEY.

Potential for investment income or may be possible to have an office/ business on site with extra rentals & SELLS AT ABSOLUTE AUCTION TO THE HIGHEST BIDDER REGARDLESS OF PRICE! & clean title!

Recent survey has been done, bank appraised at $284,000, 7 mailboxes, asbestos type siding, public water, public sewer, 220 amp elec., new elec. meter.

AN EXCELLENT CASH FLOW OPPORTUNITY !

• Tax map #: (299.20-02-011.000)
• Built in 1950 +/- w/ 3,714 total rentable SQFTLA
• Total assessed @ $90,000
• Full market value= 90,000
• Property class= 411 residential
• Zoning Code= RT
• Corning school district, City of Corning
• 2014/15 Total Taxes: School/City/County: $3,950

Standard Real Estate Auction Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 20% down on day of auction, with the remainder due at closing within 45 days. Time is of the essence. Bargain and Sale Deed. Property sells “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! Auctioneer agency represent s only the sellers. Lead paint may exist. SELLS ABSOLUTE TO THE HIGHEST BIDDER REGARDLESS OF PRICE!

AUCTIONEERS NOTE: An outstanding opportunity to buy a 7 family home in Corning! INVEST IN REAL ESTATE, you will be glad you did! Bid your price the AUCTION WAY! Elmira/Corning, NY auction, Elmira/Corning, NY auctioneers, Steuben County real estate auctions, Steuben county auctions, Steuben county auctioneers, NY state auctioneers, Southern Tier, NY auctioneers, Elmira/Corning, NY estate auction, Elmira/Corning, NY estate auctioneers, Steuben county estate auctioneers.


 

ANOTHER AUCTION SALE MANAGED BY…

SDZ Auctions
Steven D. Zogg Real Estate
Auction & Cattle Co.
1264 State Route 392
Cortland, NY 13045
Office: 607-835-6599; 607-423-3293
www.SDZauctions.com “A COMPLETE AUCTION SERVICE”
Auctioneers & Sales Managers

SERVING ALL OF NEW YORK STATE & NORTHEAST PENNSYLVANIA!