4.75 Acres, Two Duplexes, 8-Stall Horse Barn

Income Producing Property
4.75 Acres, Two Duplexes, 8-Stall Horse Barn
50’x70’ Indoor Arena, Pasture, 3-Bay Garage, Covered Trailer Storage
$54,000 Gross Income In 2023
Wayne Co., Sugar Creek Twp., Dalton School District
Live Auction With Online Bidding Available

Directions: From the Village of Dalton take Main St. east and continue onto Old Lincoln Way until the very last driveway on the left before US Rt. 30 OR from Massillon, OH take US Rt. 30 west then turn right onto Old Lincoln Way then immediate right to auction. Watch for KIKO signs.

Real Estate: Income producing property on 4.75 acres situated just outside the Village of Dalton. Improvements include two duplexes with private patios overlooking the horse pasture, an 8-stall horse barn with 50’x70’ indoor riding arena, fenced pastures, 3-bay garage plus covered trailer storage.

Duplex #1: 17538 Old Lincoln Way. Two-bed, one-bath apartment. New flooring and appliances in 2018. Rent is $900 per month. Gas furnace, central AC. One-year lease beginning April 1, 2024. New roof Aug. 2021.
17540 Old Lincoln Way: Two bedroom plus office/den/3rd bedroom and one full bath. Rent is $1,050 per month. Gas fired hot water heat, window A/C unit. MTM lease.

Duplex #2: 17544-17542 Old Lincoln Way. Each side has two beds, one full bath, gas furnace, central AC. Both sides pay $600 per month. 17542 Old Lincoln Way electric is in landlord’s name (runs the well pump.) Both tenants are MTM. Tenants pay electric and gas. Each duplex has its own septic and a shared well. Septics are checked yearly by Wayne Co. Health Dept. and passed 2024. Landlord pays trash removal, snow removal, and lawn care.

Outbuildings: Other improvements include a 52’x100’ 8-stall horse barn with 50’x70’ indoor riding arena, 12’x24’ tack room, wash bay, outdoor arena, and two fenced pastures. Horse barn was previously rented for $1,000/mo. Barn is vacant as of April 1, 2024. New metal roof Sept. 2019. Perfect for a horse trainer or board each stall for rent. Average monthly stall rent is $400-$500 per mo. Also, on the property sits a 3-bay garage with (3) 8ft. overhead doors and (3) covered bays for trailer or small boat storage. Garage currently leased MTM for $300/mo. Individual covered trailer bays leased MTM for $75/mo. New roof on garages in Dec. 2022 and new siding March 2023. Wayne Co. parcel #76-01186.000 and #76-01185.000. Total half year taxes are $2,900.

Note: Total gross income for 2023 was $54,000. Rare opportunity in Dalton School District! Great investment for an owner occupant or investor. Do not disturb the tenants. Property will be open auction day at 10:00 AM. Bank financing available to qualified bidders. Ask auctioneer on how to use your current property to buy this one!

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. Property to be sold as an Entirety and not to be offered in separate parcels.

Jemmi Stables, LLC