Upcoming Online Only Auction Of A Well Maintained 4 Unit Apartment Complex
This Great Opportunity Is Your Chance To Own A Great Investment In Ireton, IA!! This Apartment Complex Provides A Unique Opportunity That Is Rarely Available And This Is One You Do Not Want To Miss!! This Auction Features A Well Maintained 4 Unit Apartment Building With Several Updates And A Great Occupancy History!
Location: 402 8th St., Ireton, IA 51027 or from the Super Stop in Ireton, IA go 1/2 mile (7 Blocks) South on BLKTP K30/Maple St to 8th St then go 3 blocks West on 8th St. to the property. Auction signs will be posted. All bidding will take place on www.zomerbid.com
Bidding Will Open On March 3, 2020
Bidding Will Close On March 23, 2020 Starting @6:30 P.M.
Auctioneers Note: We are honored to have been selected by Doug & Janet to offer for sale this great investment opportunity! This apartment building is well maintained and has had several updates! To view this property contact an agent or plan to attend an open house! This will be an online only auction with all bidding taking place on www.zomerbid.com.
Please go to zomerbid.com to bid or click on the blinking button below to bid on the items!!
Legal Description: Lots 7 & 8 in Block 26 Original, Ireton, IA 51027 (402 8th St., Ireton, IA 51027)
General Description: If you or your investment group are in the market for a new investment property opportunity then your wait is over!! This apartment building features 4 separate units. This building has 2—2 bedroom units and 2—1 bedroom units. Each unit has a fridge and stove which are owned/maintained by the landlord and will be included with the purchase price. This building has 1 common laundry area and the washer and dryer are owned/maintained by the landlord and will be included with the purchase price. Each unit has a window a/c unit and hot water heat with 1 boiler for the complex which was new in 2019. This building had a new roof installed in 2010. This building also had new vinyl siding installed in 2007. This property is situated on a 140’ x 107’ lot. Seller will convey current rent deposits to buyer at time of closing. Rents will be pro-rated to the date of closing. These apartments have an excellent occupancy rate and offer a great return on investment!! This property currently has the potential to generate $20,400.00 per year!! This is a great opportunity to purchase a great income producing property which has had excellent maintenance and has great potential!! Don’t miss this opportunity as properties of this nature are rarely offered for sale!!
Open Houses: Open house will be held on the property on March 7, 2020 from 1:00 to 2:30 P.M. and on March 12, 2020 from 5:30 to 7:00 P.M.
Method of sale: This will be an online only auction. All bidding will take place on www.zomerbid.com. This auction will have a 5 minute auto extension feature enabled.
Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $2,378.00 per year. Taxes will be pro-rated to the date of closing.
Possession: Possession of the property will on May 1, 2020. Possession of each unit will be subject to current tenants lease.
Terms: Purchaser (s) will be required to pay a non-refundable $20,000.00 of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 1, 2020 when the buyer shall receive a clear and merchantable title to the property. This property is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Any announcements posted on zomerbid.com will supersede any advertisements. Auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Myron Toering–attorney for sellers.
Douglas J & Janet E. Smit–Owners
Auctioneers and RE Agents:
Gerad Gradert—712-539-8794—Ivan Huenink-712-470-2003
Mark Zomer-712-470-2526—Blake Zomer-712-460-2552
Ryan Zomer-712-441-3970—Gary Vanden Berg-712-470-2068
10,660 total views
- Listing Status: Sold
- Address: 402 8th St., Ireton, IA 51027