ABSOLUTE AUCTION LIVING ESTATE OF WANDA SANDERS & THE LATE THOMAS SANDERS Paducah, KY

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ABSOLUTE AUCTION

LIVING ESTATE OF WANDA SANDERS & THE LATE THOMAS SANDERS

3 LEVEL APARTMENT COMPLEX & ADJACENT BUILDING/ PARKING LOT

OUTSTANDING INCOME! $5,885.00 MONTHLY POTENTIAL

+/- $65,000.00 RECEIVED IN 2012 * FAMILY OWNED FOR 27 YEARS!

VERY ATTRACTIVE INVESTMENT OPPORTUNITY!

SHOWINGS: Designated showings on Monday May 20th from 5:00 – 6:00 pm. 2 vacant apartments can be shown anytime by appointment. Selling subject to tenants rights. Additional showings by appointment only.

BOTH PROPERTIES OFFERED SEPARATE OR COMBINED:

APARTMENTS: Consider this income producing 3 level apartment complex with a touch of Colonial architecture combined with character and a uniqueness that sets it apart from others including pocket doors, wide moldings & trim, attractive paneled wood doors, hardwood floors, numerous fireplaces with early 20 century appeal, tall plastered ceilings, great views from balconies, and more! Situated in Paducah’s very own Lowertown district this apartment complex boasts great monthly cash flow, excellent location, ease of access, plenty of parking on 3 sides of the dwelling, central heat, heat pumps, cooling window units, wide staircases, circuit breakers, basement for mechanical & much more! Lot size is +/-62’ 9” x +/-163’

BUILDING/ PARKING LOT: This lot is ideal for building your dream home or purchasing for additional parking. Lot is currently used for parking but is an attractive building site as well with all utilities available. Lot size is +/- 50’ x +/- 163’ Zoned H2. Single family, duplex, office space, etc. Go to www.municode .com for permitted uses.

UNITS AT A GLANCE:

• Apt 1 ~ 2 bd rms & 2 baths $800.00 per mo
• Apt 4 ~ 2 bd rms & 2 baths $900.00 per mo
• Apt 5 ~ 1 bd rm & 1 bath $590.00 per mo
• Apt 6 ~ living rm/ bd rm combination & 1 bath $500.00 per mo
• Apt A ~ 1 bd rm & 1 bath $540.00 per mo
• Apt B ~ 1 bd rm & 1 bath $440.00 per mo
• Apt C ~ 1 bd rm & 1 bath $560.00 per mo
• Apt D ~ 1 bd rm & 1 bath $510.00 per mo
• Apt E ~ 1 bd rm & 1 bath $565.00 per mo
• Apt F ~ 1 bd rm & 1 bath $480.00 per mo

UNIT DESCRIPTION IN FULL:

Apt. 1 ~ 2 bedrooms, 2 baths, formal dining room, eat-in kitchen (gas range, refrigerator & dish washer), large utility room, large foyer, back deck, central gas heat window air.

Rents for $800 per month

Apt. 4 ~ 2 bedrooms, 2 bathrooms, double parlor, formal dining room, kitchen (gas range, refrigerator & dishwasher) breakfast room, utility, central heat and air, balconies front and back.

Rents for $900 per month

Apt. 5 ~ 1 bedroom, 1 bath, Eat-in kitchen (gas range, refrigerator & dishwasher), formal dining room, balcony, central gas heat window air.

Rents for $590

Apt. 6 ~ Eat-in-kitchen, living room bedroom combination (Murphy bed in wall), 1 bedroom, balcony, window ac unit.

Rents for $500 per month

Apt. A ~ 1 bedroom, 1 bath, eat-in kitchen (gas range & refrigerator), large living room (tenant has installed unauthorized divider in living room but can easily be removed), central gas heat & window ac unit.

Rents for $540 per month

Apt. B ~ 1 bedroom, 1 bath, living room, eat-in kitchen (gas range, refrigerator & dishwasher), deck, central heat & window ac unit.

Rents for $440 per month

Apt. C ~ 1 bedroom, 1 bath, eat-in kitchen (gas range, refrigerator, & dishwasher), living room, home office, balcony, central gas heat & window ac unit.

Rents for $560 per month

Apt. D ~ 1 bedroom, 1 bath, living room, kitchen (gas range & refrigerator), breakfast room, balcony, central gas heat & window ac unit.

Rents for $510 per month

Apt. E ~ 1 bedroom, 1 bath, living room, home office, eat-in kitchen (gas range, refrigerator & dishwasher), balcony, central gas heat & window ac unit.

Rents for $565 per month

Apt. F ~ 1 bedroom, 1 bath, open plan living room/kitchen (gas range, refrigerator & dishwasher), balcony, window heat/ac unit.

Rents for $480 per month

The basement has 3 gas water heaters that supply the whole building.