Village Estates 5-Unit Apartment Auction--Online Only!

15 Ohio Street, Wakonda, SD 57073
Very well maintained, 5-unit apartment building in Freeman, SD. Eva Olson, Owner
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#1 – 5-Unit Apartment Complex w/ Garage.

Located: 425 S. Juniper Ave, Freeman, SD. 1-Block west of Mr. Gs Service. Mrs. Eva Olson has retired and decided to sell her investment property at online only auction. Legal: Lots 1 & 2 and N6 of Lot 3, Waltners Subdivision, Outlot 37, (12) Outlot Addition, City of Freeman, Hutchinson County, SD. Taxes are $3,508.60. This is a very nice, 5-unit, single story apartment building that was built in 1994. All are 2-bed room units complete with all the appliances including the washer & dryer. The front unit is designed as a regular home (2-Bedroom, 2-bath, full laundry, kitchen, living room & dining room), originally intended for the owner to use for their own retirement. A great opportunity to live in the front unit, lease out the other four units! Includes a 6-car garage with steel shingles, sprinkler system in the lawn, and all concrete & asphalt driveway (resurfaced in 2016). Exceptionally clean and well maintained property! Strong rental rates at $3,100 per month and a historically high occupancy rate. Showing by appointment only please. Terms: $50,000 non-refundable down payment the day of auction with the balance due on closing. Sold subject to current leases. Taxes and Leases will be prorated to the day of closing. Dennis Duncan, Attorney, Closing Agent. Closing and Costs and Title Insurance split 50/50. Auctioneers are acting as agents for the seller. Online Only Auction, No Live Auction! Bidding will open on Monday March 27th with a $50,000 opening bid. Place your bid, at your convenience, from anywhere, at any time at www.GirardBid.com. Just Become a Member, then Register for the Auction, its that easy! Bidding will end on Wednesday April 5th, 10 a.m. with a soft-close. Any bids placed in the last 2-minutes will reset the countdown clock at 2-minutes. Bid early bid often. Property is being sold subject to the owner's confirmation of the final bid price. Berniece Eva Olson, Owner
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Reserve Not Met

High Bid:
$277,800.00 – absentee2

Bidding has closed on this lot

#1 – 5-Unit Apartment Complex w/ Garage.

High Bid: $277,800.00

absentee2

Reserve Not Met

Closed

More Details

More Info / Bid Track Item

Located: 425 S. Juniper Ave, Freeman, SD. 1-Block west of Mr. Gs Service. Mrs. Eva Olson has retired and decided to sell her investment property at online only auction. Legal: Lots 1 & 2 and N6 of Lot 3, Waltners Subdivision, Outlot 37, (12) Outlot Addition, City of Freeman, Hutchinson County, SD. Taxes are $3,508.60. This is a very nice, 5-unit, single story apartment building that was built in 1994. All are 2-bed room units complete with all the appliances including the washer & dryer. The front unit is designed as a regular home (2-Bedroom, 2-bath, full laundry, kitchen, living room & dining room), originally intended for the owner to use for their own retirement. A great opportunity to live in the front unit, lease out the other four units! Includes a 6-car garage with steel shingles, sprinkler system in the lawn, and all concrete & asphalt driveway (resurfaced in 2016). Exceptionally clean and well maintained property! Strong rental rates at $3,100 per month and a historically high occupancy rate. Showing by appointment only please. Terms: $50,000 non-refundable down payment the day of auction with the balance due on closing. Sold subject to current leases. Taxes and Leases will be prorated to the day of closing. Dennis Duncan, Attorney, Closing Agent. Closing and Costs and Title Insurance split 50/50. Auctioneers are acting as agents for the seller. Online Only Auction, No Live Auction! Bidding will open on Monday March 27th with a $50,000 opening bid. Place your bid, at your convenience, from anywhere, at any time at www.GirardBid.com. Just Become a Member, then Register for the Auction, its that easy! Bidding will end on Wednesday April 5th, 10 a.m. with a soft-close. Any bids placed in the last 2-minutes will reset the countdown clock at 2-minutes. Bid early bid often. Property is being sold subject to the owner's confirmation of the final bid price. Berniece Eva Olson, Owner

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