Cash Flow Opportunity Palmantiers Motel 3.25 Acres - 2 Homes - 9 Motel Rooms - Pool Fronts On 3 Roads Including US Rt. 30 Paris Twp. - Stark County, Ohio No Zoning

Absolute auction, owned since 1975, owner retiring, sells to the highest bidder on location

13371 Lincoln St SE, Paris, Paris Township, OH  44669

Thursday, August 12, 2010  Auction Starts: 6:00 PM    -   Real Estate: 6:00 PM

Take US Rt. 30 east of Canton or west of Minerva to auction. Watch for KIKO signs
3.25 acres total w/frontage on Rt. 30, Baywood and Paris Ave. 9 hotel rooms each having a bath, 2 beds & a garage. Each has an elec. heat/AC unit. Also, two homes (adjoining), brick two story home has 4 bedrooms and 3 full baths - vinyl sided two story home has 3 bedrooms and 2 full baths & central A/C. Both homes have oil heat. Both are in nice condition, both have basements and separate utilities. Homes are currently rented for $600 each/month. Property has 2 septic systems and 1 well, also a detached 2-car garage and a 1-car storage shed. Dog Leg shaped in-ground pool and paved driveways. New 3 dimensional shingles placed on all buildings in 2005. A very well maintained property with no zoning. A great cash rent flows opportunity in a high exposure location.

Terms and Conditions:
Real Estate Terms: 10% down auction day, balance due at closing. A 10% Buyers premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct.
AUCTIONEER/REALTOR: Matthew P. Kiko, AARE, ext. 155 or 330-327-9617 AUCTION BY ORDER OF: Carolyn S. Koontz Russ Kiko Associates Inc. Auctioneers Richard T. Kiko Agency, Inc. Realtors 2805 Fulton Dr. NW, Canton, OH. 44718 (330) 455-9357

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Auctioneer/Realtor: Matthew P. Kiko AARE
Office: 330-455-9357 ext 155
Mobile: 330-327-9617
Fax: 330-453-1765

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