Upcoming Online Only Auction Of A Well Maintained

 10 Unit Apartment Building With Garages!!

This Incredible opportunity is your once in lifetime chance to own prime investment property in Rock Valley, IA with HWY 18 Frontage!!! These apartments provide a unique opportunity that does not present itself often!!

This Auction Features A Well Maintained 2 Level Apartment Building With Several Updates & An Excellent Occupancy History!

Bidding Will Open On October 14, 2019

Bidding Will Close On October 29, 2019 @ 6:30 P.M.

Location: 920 18th Ave SE, Rock Valley, IA or from Pump N Pak in Rock Valley, IA go approx. 1 block East on HWY 18!! AUCTION SIGNS POSTED!!!!!

Go to www.zomerbid.com to register to bid!!!

zomerauctions.com “The Real Estate Specialists”

Auctioneers Note: We are honored to have been selected to offer this excellent property for sale on an online only auction! Wilma has owned this property for over 25+ years and has decided to retire!! This apartment complex is one of the most well maintained properties that we have had the honor of selling!! To view this property please contact an agent or plan to attend the open house! This will be an online only auction with all bidding taking place on www.zomerbid.com

Abbreviated Legal Description: Lots 7 & 8 of Block 1 in Pageler Addition in Rock Valley, IA. Subject to all public easements and roads.

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 complex features 10 apartment units and 9 garages. This building has 7—2 bedroom units and 3—1 bedroom units. Each unit has an open kitchen/living room area and 1 full bath. Each unit has a fridge and stove which will be included and all washers/dryers are owned by the tenants. Each unit has elec baseboard heat and a wall mounted a/c unit. This building and the garages had new roofs installed in 2007 and have newer cement board siding. The concrete parking lot was replaced in 2013. The garages had all new doors installed in 2005 and each garage has elec to the garage which is metered with its corresponding unit. This property is situated on an approx. 140’ x 178’ lot with excellent HWY 18 frontage. Each tenant is responsible for their own Mid American Elec and the landlord is responsible for the utilities on the common areas and the water/sewer and garbage. Sellers will convey current rent deposits to buyer at time of closing. Rents will be pro-rated to the date of closing. These apartments have had nearly a 100% occupancy rate for decades and offer a great return on investment!! This is an excellent opportunity to buy a high income producing property which has had excellent maintenance and has a lot of potential!! These units are well maintained with excellent HWY 18 frontage!! This property currently produces an average annual gross revenue of approx $58,750.00!!! Don’t miss this opportunity as apartments of this nature rarely come for sale!!

Taxes: The current Sioux County, IA Real Estate taxes are approx. $8,414.00 per year.

Open Houses: Open houses will be held on the property on Saturday, October 5, 2019 1:00 P.M. to 3:00 P.M. and on Thursday October 10, 2019 from 5:30 P.M.to 7:00 P.M. or by appointment by contacting one of the agents listed below. Video of all apt. units is available by contacting one of the agents listed below.

Possession: Full Possession of the property will be upon final payment of full balance. Possession of each unit will be subject to current tenants lease.

Terms: The buyer(s) will agree to enter into purchase agreement with these terms. A $40,000.00 non–refundable down payment of purchase price will be due immediately following the auction. 50% of the total purchase price will be due on December 30, 2019 and the remaining 50% of the balance due on January 2, 2020. Sellers attorney will draft proper documents for seller to receive 50% of sale price in 2019 and the remaining 50% on January 2, 2020. This property is being sold as a cash sale with no finance contingencies. Full payment will be due and payable on closing day when clear and merchantable title will be given to the buyer(s). This property is being sold as is where is with all defects and no warranties expressed or implied. All measurements, acres and square footages are based off assessor’s information. Although all information is deemed reliable, all buyer(s) are encouraged to inspect the property and verify any information.  The Sale is subject to the confirmation of the sellers. Auctioneers and Agents are representing the sellers in this transaction. Any announcements posted day of auction will supersede any advertising.-Don Klein—sellers attorney

Golden Valley Apartments–Owner

Auctioneers/Agents:

Mark Zomer-712-470-2526—Darrell Vande Vegte-712-726-3428– 

  Gary Vanden Berg-712-470-2068

Ryan Zomer-712-441-3970—Blake Zomer-712-460-2552

When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Zomer Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Zomer Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Zomer Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please check back and review auction terms often. 

 Bidder responsiblities are but not limited to the following:

All bidders must provide their name, email address, daytime phone number, physical address at which they can be contacted for timely and accurate communication between Zomer Auctions and purchaser throughout any transaction or auction. 

bidders will be responsible and must obey any and all local, state and federal laws any/all violations will result in termination of bidding and website use priviledges with this auction company.