Property #3: #809 Birch Road. This home was remodeled into a duplex in 1997 with a total of 1,240 square feet on the main floor and a 600 square foot basement apartment. Main level apartment is 3-bedrooms; basement apartment is a 1-bedroom. Included is an attached 432 sq foot garage. Main floor apartment rents for $895 per month and the basement apartment for $450 per month with all utilities paid by land lord. Approximate Monthly Expenses: Management $95; Gas $140; Electric $100; Water $50;
Legal: Lot 5 & E 30’ of Lot 6, Block 8, Pine Acres, City of Yankton, Yankton County, SD. Taxes are $1,322.03 per year.
Properties #2 & #3 have an excellent location in a residential neighborhood near several of Yankton’s largest employers including Gehl, Baldwin/Hastings, & SAPA.
Properties #2 & #3 will be offered as single options, then tied together and offered as an entire unit and will sell in whichever way yields the seller the most return.
The owner of this Income-Producing Real Estate is relocating to the southern United States and will be offering all this at public auction. We are working for a highly motivated seller, be prepared to buy on auction day! Start receiving a return on investment almost immediately after closing! Whether looking for a “beginner” real estate rental investment or serious, long term investment, this auction is for you! Make plans to attend!
Due to the large number of properties and the number of tenants, a public open house will not be scheduled. Please make an inspection appointment with the Auction Company.
Terms: 10% Non-refundable down payment on each property made the day of auction with the balance due on closing of April 30th, 2012. Full possession on closing. Title insurance & closing costs split 50/50 between buyer & seller. Yankton County Title Company, Closing agent. Taxes will be prorated to the day of closing. Auctioneers are acting as agents to the seller. 2% Broker Co-op available to pre-registered brokers; please call for details or go online. Rents will be prorated to closing and being sold subject to all existing rental contracts. Information contained herein is deemed to be correct but not guaranteed. This property is being sold in “as-is” condition and subject to any existing easements, restrictions, reservations or highways of record, if any.
Live Internet bidding will be available on this property with 1% Buyer’s Premium charged to the winning online bidder. Register to bid and see full Internet bidding terms at www.GirardBid.com.
BROKER PARTICIPATION FORM--CLICK HERE!
Lewis & Clark Holding Co., LLC—Owner
Girard Auction & Land Brokers, Inc.
Toll Free: 1-866-531-6186
Phone: (605) 267-2421
www.GirardAuction.com
Marv Girard, BA #12399; Ken Girard, CAI, AARE Broker #10183; Mike Girard BA #13549
