Harmer – Centrally Located 4 Plex w/Unattached 4 Stall Garage in Sioux Falls, SD
August 23, 2017 @ 6:30 pm
[vc_row][vc_column][vc_column_text]REAL ESTATE AUCTION
Centrally Located 4 Plex w/Unattached 4 Stall Garage in Sioux Falls, SD
As I am moving out of state to reside with family, I will offer this property at public auction at the property located at 300 S. Holly Ave. in Sioux Falls, SD; from the Corner of 12th St. & Holly Ave. – ½ block north.
WEDNESDAY AUGUST 23, 2017 Sale Time: 6:30 PM
Open House Date: Sunday August 13th from 1:00 to 3:00 & Limited Showings by Appointment – as All of the Units are Presently Leased –Contact the Office of Chuck Sutton Auctioneer & Land Broker, LLC – ph. 605-336-6315
This is a well located split foyer style 4-plex apartment building with an unattached 4 stall garage. Each of the Apartment Units include a living room, bedroom w/closet, kitchen w/cabinets & appliances and full bathrooms w/tub-shower units. The upper level units have front and rear entrances and the lower level units are accessed through an enclosed addition on the rear of the structure. The lower level includes some common area comprised of a hallway, utility area and laundry area with Whirlpool coin operated washer & dryer. The property is heated with a Slant Finn gas boiler, has a gas hot water heater and breaker electrical services. The exterior of the unit has shingles that are approx. 3 yrs. old and has vinyl siding on the main structure and Masonite siding on the rear addition. The main structure had new dbl. hung windows installed in 2015. Currently the landlord furnishes the heat and water and pays the electricity for apartment 4 and the common areas. Units #1, #2 & #3 pay their own electricity. 2 of the window air conditioners are owned and will pass with the property and the 2 lower level AC’s are owned by the tenants. There is an unattached 4 car garage w/4 overhead doors and there is no electrical service in the garage, additionally there is some off street parking area. Presently the rents are $450.00/mo. on Unit #1 (this tenant mows the lawn), Unit #2 & #3 are rented for $485.00 per month and #4 rents for $545.00/mo. – with the owner paying all utilities for this unit along with the common areas. Presently the garages are not leased as the owner has retained use of the garage for their personal use. The lot is approx. 88’x132’ based on county assessor’s data. The 2016 RE taxes payable in 2017 on this property are $2,687.59. The present owner is elderly and has been unable to maintain and update the complex in recent years, thus this complex could use some updating and repairs. This property is sold “AS IS, WHERE IS”. If you are an investor, contractor or individual with some carpentry skills, then please take time to inspect this property and be in attendance at this auction, as this property has potential.
LEGAL DESC.: Lot 23 and 24 in Block 14 of Braley’s 1st Add’n. to the City of Sioux Falls, Minnehaha Co., SD.
TERMS: Cash – A 10% nonrefundable earnest money payment on sale day with balance on or before Sept. 29, 2017. A Warranty Deed will be conveyed and a title insurance policy will be provided with the cost of Owner’s Policy and Closing Agent’s Fees divided 50/50 between the buyer and seller. The 2016 Real Estate taxes payable in 2017 in the amount of $2,687.59 will be paid by the seller and based on that amount the 2017 RE taxes will be prorated to the date of closing. This property is sold in “AS IS” condition with no contingencies whatsoever, and subject to any existing easements, restrictions or reservations of record, if any. RE Licensees/Auctioneers are acting solely as agents for the sellers.
For an appointment to view this property contact the office of Chuck Sutton Auctioneer & Land Broker, LLC– ph. 605-336-6315. For additional information contact the auctioneers or see www.suttonauction.com.
DORIS A. HARMER, Owner
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527
DAN UTHE – Auctioneer & RE Broker Assoc. – Sioux Falls, SD – ph. 605-334-0681
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