Mobile home park Georgetown, KY

AUCTION: Prime Investment Opportunity - 32-Lot Mobile Home Park + Residential Home on 11.2 Acres in Georgetown, KY!

Live & Online Auction Event!

Seize a remarkable investment opportunity with the auction of a well-located 32-lot mobile home park, complete with an existing residential house, all situated on approximately 11.2 expansive acres. This property offers significant income potential and room for future development (subject to zoning and approvals), making it an ideal acquisition for investors looking to expand their portfolio in a thriving Kentucky market.

Property Highlights:

Property Type: Mobile Home Park (32 Lots) with 1 Residential House
Acreage: Approximately 11.2 Acres
Current Zoning: 11 RV spots and 21 Mobile Home spots
Current Occupancy: 12 Mobile Home Lots currently rented. The park operates on a lot rental only basis.
Utilities: Property is serviced by a lagoon system for wastewater management and city water.
Location: 2136/2140 Cincinnati Pike, Georgetown, KY 40324
Strategic Location:
- Just minutes from the major Toyota Manufacturing Plant in Georgetown.
- Less than 2 miles from Interstate 75 (I-75), providing excellent accessibility and connectivity.
- Situated in Georgetown, a rapidly growing community with strong demand for housing.
Income Potential: Immediate income stream from existing rented mobile home lots and residential house.
Development Potential: Ample acreage offers potential for additional mobile home lots, expansion, or other development opportunities (subject to local zoning and permits).

Auction Details:

Bidding Opens Online: Monday, June 24th, 2025 at 6:00 PM EDT
Live Auction Event & Simultaneous Online Bidding: Thursday July 24th, 2025 at 6:00 PM EDT
Auction Location: Onsite Auction with simulcast bidding
Important Information for Bidders:

Registration Required: All bidders (both live and online) must register and agree to the auction terms and conditions prior to bidding. A refundable deposit may be required to obtain a bidder number.
Preview/Inspection: We strongly encourage all interested parties to conduct their own due diligence and property inspections prior to the auction. Please contact Dustin Mallory (859)-983-1128 to schedule a viewing of the property. Detailed information, including financials (if available and permissible), leases, and property disclosures, will be provided to registered bidders.
Terms: [Outline brief terms - e.g., 10% non-refundable down payment due on auction day, balance due at closing within 46 days. Property sold "as-is, where-is" with no warranties or guarantees
Buyer's Premium: A 10% Buyer's Premium will be added to the high bid to determine the final contract price.
Closing: Closing will take place on or before 9/8/2025.
Broker Participation: Broker cooperation is invited. A commission will be paid to the Buyer's Broker who registers their client according to the terms and conditions outlined in the bidder's packet.

This is an exceptional chance to acquire a significant piece of income-producing real estate in a prime location with established infrastructure. Don't miss out!

REAL ESTATE TERMS: 10% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer to the Thwaites Realtors LLC escrow account within 24hrs not later than close of business on Thursday, July 24th, 2025. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be on or before 09/08/2025. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.

This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit by Friday, July,25th 2025 will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Mallory Auction Company and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Mallory Auction Company reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.

Any dispute between Mallory Auction Company, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Bourbon County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Mallory Auction Company. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Mallory Auction Company not later than close of business on Thursday, July 24th 2025. Successful bidders not executing and returning contracts with earnest money deposit by close of business on Thursday, July 24th 2025 will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Mallory Auction Company Agents, Representatives or Employees may bid.

Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2025. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
The seller will pay for deed preparation and deed tax.

Easements: Subject to any and all easements of record, including road easements and utility easements

Zoning: This property is subject to all state and local zoning ordinances.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Mallory Auction Company will reject the registration, and bidding activity will be terminated. The Seller and Mallory Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

Agency: Mallory Auction Company Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Mallory Auction Company and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Mallory Auction Company. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. A preview of the property has been scheduled Sunday, July 10th 5PM-7PM and July 20th 3PM-5PM, 2025 . The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Mallory Auction Company, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Mallory Auction Company are final. Any dispute between Mallory Auction Company, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Bourbon County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.

For additional information, contact

Auctioneer/ Listing Agent
Mallory Auction Company
Thwaites Realtors
Dustin Mallory
859-983-1128

Mobile home park Georgetown, KY

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