INVESTMENT REAL ESTATE AUCTION
Online Only – 4 Unit Apartment Complex
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Very well maintained 4 unit all brick apartment building. (4) 2- bedroom apartments will sell fully furnished. Building has storage room & community laundry room. Individual electric meters. $3,000 monthly income!
Began: Thursday, May 16, 2019 at 3:00 PM CDT
Ended: Thursday, June 27, 2019 at 1:00 PM CDT
ONLINE ONLY REAL ESTATE AUCTION
***Nice 4 Unit Brick Apartment Building***
1714 354th Avenue, Wever, Iowa
BIDDING ENDS: THURSDAY, JUNE 27TH AT 1:00 PM
OPEN HOUSE: THURSDAY, JUNE 13TH FROM 4:00 – 6:00 PM
General Information: Very well maintained 4 unit all brick apartment building. (4) 2- bedroom, 1-bath apartments will sell fully furnished. Each apartment has all new windows, newer flooring, paint, vanities & more. Building has storage room & community laundry room with coin operated washer & dryer. Individual electric meters. $3,000 monthly income! Excellent Investment Opportunity!
Auctioneer’s Note: Come take a look and Bid Your Price!! We strongly encourage all interested parties to attend the open house! Auction will be conducted online only, whereas each bidder can conveniently bid with an electronic device from anywhere!
Terms: $7,500 earnest money deposit at the end of the auction with the remainder due on or before July 26, 2019. The seller will provide a current abstract at their expense. Real estate sells “as is, where is”. Sale is not contingent on Buyer’s financing or any other contingencies. Seller reserves the right to accept or reject to high bid.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or before July 26, 2019. The balance of the purchase price will be payable at closing in the form of guaranteed check, or wire transfer.
Possession: At closing upon payment in full.
Septic System: Seller will be responsible for any inspections, repairs and or updates as required by law.
Rent Payments & Deposits: Currently each apartment is rented at $750.00 per month on a month to month basis. Rent payments will be prorated to the date of possession. There is a $500.00 deposit per rented unit and these deposits will transfer to the Buyer at closing.
Inclusions: Each unit is furnished with refrigerator & kitchen table, living room furniture including TV, sofa & chair and each bedroom has bed and dresser. Also coin operated washer & dryer.
Filz Enterprises LLC – Seller
Fraise Auction & Real Estate
PO Box 8, New London, IA 52645
319-367-5744 ∙ 319-372-9121