Exciting Investment Opportunity. Lincoln Square Apartments. Auction #1: 52-Unit Apartment Complex On 3.12 Acres. Auction #2: 35-Unit Storage Facility On .63 Acres. Adjacent To Hartville Memorial Park & Lake Elementary School. Hartville Village, Lake Schools. Live Auction with Online Bidding Available. ABSOLUTE AUCTION, all sells to the highest bidders on location. ONLINE BIDDING BEGINS TUESDAY, APRIL 29, 2025, at 12:00 PM, and AUCTION LIVE ON-SITE BIDDING WILL BEGIN FRIDAY, MAY 2, 2025, at 12:00 PM. Auction #1: Very nice and well cared for 52-unit apartment complex next door to a 10-acre community park with walking trails and playground. Lake Elementary School is located within walking distance, right across the street. Ideal location close to town and everything that Hartville has to offer. There are (8) buildings total, (6) 6-unit buildings and (2) 8-unit buildings, all built in 1973 with asphalt parking. All units are two-bedroom and have separate gas furnaces, A/C, hot water tanks, laundry hookups up and are 1, 074 sq. Ft. With no deferred maintenance. Major improvements have been made in the last 10 years, including windows, doors, cabinets, countertops, trim, furnaces, A/C units, shingles, paint, and flooring. Property is 100% occupied with many long-term tenants. Tenants pay for gas and electric, the owner pays for water well maintenance, sewer, trash, and snow removal. Great income property with rents grossing $621, 348 per year. There are 52 Stark County parcel #s for Auction #1, #2300733 through 2300784. All sell as one unit. Every unit is a separate parcel number, meaning these have the potential to be converted to condominiums, in which each unit could be sold off separately. Auctioneers Note: Auction #1 and #2 will not be offered together, buy one or both. Please respect the tenant’s privacy. Many units will be open on auction day only, starting at 10:00 AM. Call the auctioneer with any questions on how to buy. See MLS #5111303 for Auction #2.
