Terrific Investment Opportunity
Rock Ridge Apartments
16-Unit Apartment Complex On 1.99 Acres
All 2-Bedroom Units, Carports, All Separate Utilities
Across From Municipal Park
Stark County, Minerva, OH
Live Auction With Online Bidding Available
Absolute auction, all sells to the highest bidder on location: 700-724 N. Market St., Minerva, OH 44657 Directions: Take Market St. north of US Rt. 30 or south of SR 183 to auction. Watch for KIKO signs.
Thursday, May 29, 2025, 12:30 PM
Real estate features a well-maintained 16-unit apartment complex on 1.99 acres in the village of Minerva with public utilities. All units are flats with 2 bedrooms, 1 full bath, kitchen & living room. All but 2 units currently rented with several being long-term tenants. Recent new steel roofs. 3 brick buildings total plus carports. 2 buildings with 4 units each, one with 8. All electric units. Landlord pays water/sewer, trash, common area electric. (4) co-op laundries on-site for additional income. Public water & sewer. Units have been refurbished as change in tenants. Great rental income with rents grossing approx. $110,000 per year. Located across from park and high school. Many units will be open for viewing auction day beginning at 11:00 am. Please do not disturb tenants. Stark Co. parcel #4200604. Paved concrete driveway & parking.
Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyer’s 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. Information is believed to be accurate but not guaranteed.
Auction By Order Of: D & R Housing LLC
Auctioneer/Realtor: Matthew P. Kiko, 330.327.9617 or mattkiko@kikocompany.com