1820 Manchester Rd, Akron, OH 44314

Court Appointed Receiver Sale.  Online bidding only. 0.17-acre property, located in the heart of Summit County, OH, playing host to a 6-unit, 50% occupied apartment building.  All three tenants are in a MTM lease, totaling $1,610 / month in rental income.  All the apartments are separately metered for electric and gas.  Property owner pays the water bill.  Superb location as it’s less than 3 miles from major highways I-77 and I-76, along with being minutes from Downtown Akron.  Upside potential exists by curing deferred maintenance, executing leases with existing tenants, leasing vacant units, rent increases, and continuing improvements begun by the Receiver (new railing, exterior clean up, new water heater, and plumbing repairs).

Property will be sold free and clear of all liens, with property taxes paid off to the day of closing.  Receiver may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice.  No representations, warranties, or guarantees.  Bidding is scheduled to conclude on 11/18/2020 at 3pm ET.  10% Buyer Premium is added to the high successful bid to determine the final purchase price.  $10,000.00 deposit due from the high successful bidder within 24 hours of auction conclusion.  All information provided is believed to be true, but cannot be guaranteed.  It is up to bidder to verify any / all code violations prior to bidding.

Rent Roll

Contact Daniel at [email protected] to set up a showing or if you have any questions.

Licensed Ohio real estate agents seeking a commission MUST meet the associated requirements by properly registering themselves as the agent and claiming their buyer through the link within each individual auction their client will be bidding on BEFORE their client places any bids whatsoever – NO EXCEPTIONS.  The rest will be up to the buyer, as they will have to successfully register themselves as an individual or company in the top right corner of the website, pre-authorize their card within each individual auction they will be bidding on, and place their bid(s) themselves.

Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon.  BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.  High successful bidder must wire transfer a $10,000.00 deposit within 24 hours of auction conclusion.

The high successful bidder will also be required to execute a Receiver’s contract within 48 hours of auction conclusion.

Key sale points:

• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to all code violations.
• Property is sold subject to court approval.
• High bid will be presented to Receiver for approval.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Receiver’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
• Cash sale only, absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• Deposit of $10,000.00 must be wired within 24 hours of auction conclusion.