South Side of Irene 4-Unit Apartment Complex at Absolute Auction
There are Four 4-Unit Apartments all being auctioned off for the same seller on July 10th; Three Apartments in Irene and One in Volin, SD Property #2: 116 E. Park Street, Irene, SD. From Pump & Stuff Gas Station-2-Blocks South, 2 1/2-Blocks East. Legal: Lot 1, Block 1, Sunset Addition, City of Irene, Clay County, SD. 2023 Taxes $1,468.68. This property is a single 4-unit, 50'x33' split-level apartment building built in 1972. 3 Units are 2-Bedroom, other is a 1-bedroom and all have single full bath and includes the stove & refrigerator. All units have electric heat. There is a community laundry room with coin-op washer & dryer included with the sale. (NOTE--the larger apartment building to the east of this property is NOT being sold). The Irene apartments, properties #1 & #2, average rent is $550 per unit with nearly full occupancy. Note: A great, entry-level investment property opportunity! Buildings are in need of some TLC and cosmetic work; a great winter project for the right person! Strong demand for affordable housing in small towns! Inspection: Please feel free to inspect the outside of these properties on your own. There is one unit empty in Irene that is available to view and one in Volin. Please call the auction company to schedule. Terms: 10% non-refundable down payment due the day of auction with the balance due on closing. Title Insurance & Closing costs split 50/50 between buyer and seller. Taxes pro-rated to the day of closing. Closing on or before August 30th, 2024. There are no existing leases on any of the apartments, therefore the buyer will have full rights & possession on closing. Yankton Title Co., Closing Agent. Auctioneers are representing the sellers in this transaction. Online bidding will be available; must be pre-approved by the Girard Auction.
;
;
;
;
;
;