Dual Income Investment Property
Ft Madison, IA Online Only Real Estate Auction
Begins:
Wednesday, Nov. 30th 2022 at 12:00 AM
Ends:
Thursday, Dec. 22nd 2022 at 2:00 PM
Auction Details
Inspection
Item Pick-up
Additional Photos
Contact
Auction Details
Fort Madison, Iowa
ONLINE ONLY REAL ESTATE AUCTION
2136 AVENUE D, FORT MADISON, IOWA
BIDDING ENDS: THURSDAY, DECEMBER 22ND AT 1:00 P.M.
Open House/ Inspection: Sunday, December 11th from 3P.M. – 4:00P.M.
DUAL INCOME INVESTMENT PROPERTY
- 2-bedroom residential home with full basement located on a corner lot in need of TLC
- Detached 2 car garage with upstairs 1 bedroom apartment for a BONUS income with separate utilities! Please note that there was an electrical fire that was contained only to the garage area and not the upstairs apartment. The City of Fort Madison Planning and Zoning will require the new Buyer to replace electrical and plumbing per code, plus the repair/replacement of a structural beam before permitting the garage/apartment to be occupied.
Auctioneer’s Note: Take advantage and Bid your price on this Dual Income Investment Property selling at Absolute Auction, Regardless of Price. We strongly encourage all interested parties to contact the Auction Company for a private showing! Auction will be conducted online only, whereas each bidder can conveniently bid with an electronic device from anywhere!
Terms: $5,000 earnest money deposit due at the end of the auction with the remainder due on or before January 20, 2023. 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.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Inclusions: Any remaining personal property.
Closing: Closing will take place on or before January 20, 2023. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.
Possession: At closing upon payment in full.
NO REAL ESTATE BUYERS PREMIUM!
Registration: Visit to register and bid today!
SCHMITT RENTALS INC. – SELLER
FEHSEKE & GRAY LAW OFFICE- ATTORNEY FOR THE SELLER
Inspection
Open House: Sunday, Dec. 11th from 3:00-4:00 PM
Item Pick-up
NA
Additional Photos
Contact
Corey Fraise 319-470-0115