INVESTMENT OPPORTUNITY * LOS PIMIENTOS APARTMENTS * 13 UNIT BLDG * DUPLEX * NEWLY RENOVATED * ENID OKLAHOMA

ONLINE ONLY AUCTION

Ending Date: Monday September 30th 6 P.M.

Auction Location: 1502 and 1510 E. Broadway Enid, OK.

This is a great opportunity for an investor to purchase an income producing 13-unit apartment complex with a 2-unit duplex next door. The 15 units are currently running about 90% occupancy bringing in $8,200 gross income. For more information or appointment to view contact Brady Lippard at 580-747-2304 -580237-7174.

1510 Apartments Details:

1: Occupied – 1-bedroom – $595

2: Occupied – 1-bedroom – $615

3: Occupied – 1-bedroom – $615

4: Being used as storage

5: Occupied – 1-bedroom – $640

6: Occupied – 1-bedroom – $615

7: Occupied – 1-bedroom – $600

8: Occupied – 1-bedroom – $550

9: Occupied – studio – $550

10: Occupied – studio – $500

11: Occupied – studio – $595

12: Occupied – 1 Bed – $595

13: Occupied – studio – $495

1502 Duplex

A: Occupied-1-bed – $595

B: Occupied-1-bed – $575

Utilities:

Avg. Electric per month $575.00

Avg. Water/Sewer per month $350

Avg. Gas per month $200

Remodel Information

• 5 – NEW MINI SPLITS
• 2 – NEW COMMERCIAL ELE. HOT WATER TANKS
• FURNISHED APPT 3,5,6,7,9,10,11,12, 13A
• REPLACED MAIN WINDOWS ON NORTH AND SOUTH END OF BLDG.
• REPLACED BASEMENT ENTRY DOOR
• REPLACED BALCONY FRENCH DOORS IN APPT 5 AND 6
• 4 – NEW SHOWER INSERTS
• NEW FLOORING IN NORTH AND SOUTH ENTRY WAYS
• PAINT FULL INTERIOR IN 1,2,3,5,6,7,9,10,11,12,13, A & B (Duplex)
• NEW PAINT IN HALLWAYS/COMMON AREA
• 4 – NEW REFRIGERATORS

All deposits will transfer to new owner

Laundry Income: $100.00 monthly

Legal Description: Lots 6-8 Block 1 Arlington Addition. Garfield County Oklahoma.

Possession: will be given at closing.

Taxes: $5,000

Pre-Offers: All offers must be turned in on or before Wednesday September 18th 4PM.
Co-Broke available on pre-offers only. Must comply with auction terms.

Preview: Contact Brady Lippard 580-747-2304.

Buyer’s Premium: 5% will be added to the final bid price. Online Bidding: Will be available by logging on to www.lippardauctions.com, neither seller or auction company are responsible for loss of signal by either side.

Terms: 5% of the total purchase price is to be placed in escrow the day of auction with the balance being due upon delivery of marketable title. All information is taken from sources believed reliable; however, no guarantee is made by the auction company or the seller. Buyers should satisfy themselves as to any inspections deemed necessary prior to bidding. All Real Estate is being sold “AS IS”. Any changes made during online auction supersede all advertising

Seller: Sarah Jones Owner/ Real Estate Agent