15 Metal Sided Storage Units Near KY Dam Marina

417 Golf Court Drive, Gilbertsville, Kentucky

Auction Info

Real Estate Sold for: $68,000

March 11
Wednesday
12:00
PM
15 Metal Sided Storage Units

Auction Features


Property Features

• 1.66 acres

• 15 metal sided storage units

• 6 income producing parking spots

• Less than a mile from the Ky Dam Marina

• Water and electric available

• Residential development potential

• Units 1-7 are 10’ X 24‘ (7’ high door)

• Unit 8 is 10‘ X 34’ (7’ high door)

• Units 9-13 are 10‘ X 32’ (7’ high door)

• Unit 14 is 10‘ X 34’ (12’ high door)

• Unit 15 is 13‘ X 37’(12’ high door)

• Income-producing

• $8,640 yearly income based on $60 a month per unit avg. at an 80% occupancy rate

• $10,800 yearly income based on $60 a month per unit avg. at a 100%  occupancy rate

• $10,080 yearly income based on $70 a month per unit avg. at an 80% occupancy rate

• $12,600 yearly income based on $70 a month per unit avg. at a 100% occupancy rate

Also selling contents of two storage units that belong to the estate.

 

Terms: 10% down at the auction, balance due by April 15th. Current leasing agreements will transfer to the new owner. Personal Property: to be paid in full at the auction by cash or check.

Seller: John Morris Estate

 

 

 


Map

417 Golf Court Drive, Gilbertsville Kentucky

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Contact

Joseph M. Mills

Joseph M. Mills

Apprentice Auctioneer / Agent
Office: 270-926-8553
Mobile: 270-903-9641
Contact Auctioneer