Bidding Will Close On March 23, 2020 Starting @ 6:30 P.M.

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

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.

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

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.