Real Estate Auction
Thursday 10-18-07 1:00 PM
401 E Washington St Red Oak, IA
9 unit Apt Complex. Live Internet
Simulcast at this Auction
Bid Live Online or Onsite
$2500.00 Opening Bid!
9- Plex- Great investment property, nine unit apartment building, parking for 18, new roof, updated boiler, plumbing, & wiring, structurally sound, newly painted. This Apartment Complex has rent roles of 2500 per month. Great Investment Opportunity!
This is a commercial Property Located in Red Oak Iowa. It is a 9 unit apartment building with rent roles of $2500 per month. Two units are being remodeled and 7 are occupied.
(Deed Holder) Murray, George 9910 N 48th St Omaha, NE68152
Secondary Owner
Mailing Address
Land
LotDimensions
Regular Lot: 90.00 x 85.00
LotArea
0.18 Acres; 7,650 SF
Commercial Buildings
Type
Gross Area
Year Built
Apartment
1816
1916
Apartment
288
1916
Apartment
40
1916
TERMS:
$2500.00 Opening Bid at this Auction.
Winning Bidder must post a $2,500.00 deposit day of auction in the form of cash, cashier's or bank guaranteed check. Balance due at closing, within in 30 days of auction date. Purchaser to pay closing costs.
TITLE:
A guaranteed certificate of title will be provided at the Seller's expense giving marketable title subject to restrictions of record.
TAXES:
All taxes paid and prorated using County Method.
DOCUMENTS AVAILABLE:
A DIGI-BIP (Digital Bidder Information Package) is available online at the link listed above and will be available in paper form day of auction. DIGIBIP includes : Purchase Agreement, Agency Disclosure, and pertinent information specific to this property.
BUYER'S PREMIUM:
A 7% Buyer's Premium will be added to last Bid to determine the contract price.
AGENCY:
Auctioneer is Seller's Agent.
OFFERS OR PRE-AUCTION BIDS:
Responsive offers or pre-auction bids made on the same terms and conditions as the auction made prior to auction date must be in writing with the full deposit posted with auctioneer before they will be presented to seller for consideration.
DISCLAIMER:
Announcements day of auction take precedence over printed material. All information in this package is deemed reliable but not guaranteed. All property dimensions are approximations. Buyer shall rely entirely on their own judgment and inspections of records and property. This property is being sold "as is where is with no guarantees expressed or implied" with the exception of clear title. Any additional terms will be announced the day of auction.
Real Estate Auction Services are provided by G.E.M. Real Estate Services LLC.
Auction conducted by Shayne Fili, CAI, auctioneer.
Personal Property Auctions are conducted by Auction Solutions LLC
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