This 4-plex is a remodeled historical home near old downtown Yankton. This 4-plex consists of a one 2-bedroom unit, one 1-Big Bedroom unit that rent for $450 per month & two other 1-bedroom units that rent for $350 per month. A lot of work has been done to this unit including laminate flooring in 3 of the units, new wiring and more. There is a full basement under this property with a coin operated laundry. Gross monthly rent on this property is $1,600 per month or gross yearly rent of $19,200. Each unit in this property is currently full and the manager is willing to work with the new owner.
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
