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Hockman Auctions, LLC

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Upcoming Auction
If you are interested in this property, please call our office for more details at (304) 264-0311.

REAL ESTATE

Sat. August 1st @ 9:30 am


Auction Date:
Sat., August 1, 2009
Auction Time:
9:30 am
Auction Location:
on-site, Frederick St., Hagerstown, MD
Required Deposit:
TBA
Closing Period:
45 days, time is of the essence
Address:

550-552, 554 Frederick St., Hagerstown, MD (Washington Co.)

Acreage:

0.368+/- Acre

Description:
  • Commcercial, Multi-Family
  • (2) 5-Unit Apartment Buildings
  • 11 single garages bringing in additional monthly income
  • Apartments are well-maintained and have good tenants
  • Very good investment and return!
  • Low maintenance!

550-552 Frederick St.:

  • (5) 1-Bedroom Apts.
  • Unfinished Basement
  • Large Double car garage rents separate for additional income
  • Electric Baseboard Heat &
  • Natural Gas Forced Air
  • Elect. Hot Water
  • Public Water/Sewer
  • Elect. & Gas metered separately

554 Frederick St.:

  • (4) 1-Bedroom Apts.
  • (1) 2-Bedroom Apt.
  • Full Unfinished Basement
  • Public Water & Sewer
  • Elect. Baseboard Heat
  • Nat. Gas Hot Water Heat
  • Electric metered separately
Inspections:
Showings by appointment; please call our office at (304) 264-0311. Property will also be available for inspection on auction day approx. 1 hour prior to auction start time.
Directions:
From I-81, take Exit 6A & travel Dual Hwy towards Hagerstown. Turn Right onto S. Potomac St., Turn Left on East Baltimore St., bear Right onto Frederick St., property on Left.
Terms:

A $10,000 (per property) Non-Refundable Deposit in Cash or Cashier's Check will be collected day of sale from successful bidder. PROOF of deposit and ID required to register to bid. A 5% Buyers Premium will be added to the hammer price and will be considered part of the total purchase price. Settlement and Balance due in 45 days, Time is of the Essence. All closing costs, including taxes and deed preparation, without limitation, will be paid by purchaser(s). Seller to pay for release of any liens. Property to be sold in "As Is" "Where Is" and "As Existing" condition. Properties will be offered separately and in combination. 10-day pre-auction inspection for lead paint. All measurements are approx. All information deemed reliable, not guaranteed. All announcements at auction take precedence over all advertisements. See bidder’s package for full terms.

Auctioneers:
Theresa Hockman & Brittani Keel

Call for a bidder's package for more details/information at (304) 264-0311.

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550-552 Frederick Street:

554 Frederick Street: