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Income Producing Multi-Family Property

Thursday, August 19, 2021 - 5:30 PM   -   Real Estate Sells at: 5:30 PM
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Income Producing Multi-Family Property
Suffield Twp. – Field Schools – Portage Co.
2.98 Ac. – 30’ x 75’ & 30’ x 38’ Outbuildings
All Sells As 1 Unit – Live & Online Bidding Available
Absolute auction, all sells to the highest bidder. Location:
1005 Mishler Rd., Mogadore, OH 44260
Directions: From Hartville, OH take Market Ave. north of RT 619 3.6 miles (Market Ave. turns into Mishler) to property.
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Real estate features a ranch home converted into a 4-unit with 2,404 SF of living area. Built in 1973. Unit #2 and unit #3 are 1-bedroom efficiency apartments. Unit #4 has 3 bedrooms, living room, kitchen, 1.5 baths, and a single-car garage. Unit #5 has a kitchen, living room, 3 bedrooms, and full bath. Utility room with propane fired boiler and 2 hot water heaters. Combined rent of $1,400/month.

Unit #1 is a 26’ x 40’ pole barn converted into a 2-bedroom rental home with a living room, playroom, kitchen, bath, and propane heat. Pays $600 per month.

Unit #6 is a 2-bedroom mobile home with a storage room, bathroom, kitchen with living room combination, and pavilion. Pays $150 per month, also pays own electric and mows grass.

Property also has 3 carports and 2 other pole barns approx. 30’ x 75’ and 30’ x 38’. All situated on 2.98 acres. Portage Co. parcel #36-042-00-00-050-000, #36-042-00-00-050-002, and #36-042-00-00-049-000.

Open for inspection auction day starting at 4:00 PM. Main home could be converted back to single-family home.
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Real Estate Terms
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed. Property to be sold as an Entirety and not to be offered in separate parcels.
Auction Order Of
Kimberly Reibenstein, Trustee of the Wayne Asay Irrevocable Trust
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Auction Team
Jack W. Kiko
Jack W. Kiko,
Auctioneer/Realtor
330-455-9357 ext 163
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