Two apartment conversion, two story duplex, ready to rent! For more information contact Nate Larson of Steffes Group, 319.385.2000 or by cell 319.931.3944.

Burlington, IA – REAL ESTATE AUCTION

Auction held on site at 1409 Jefferson Street

Open House on Wednesday, May 31^st from 4-5pm

2 Apartment Conversion – 2 Story Home
Located at 1409 Jefferson Street, Burlington, IA

This 2 story duplex has a total of 1,446 sq.ft of living space and is situated on a 59’x78’ lot with Valley Street access.  Apartment #1 is the main level 2 bedroom apartment with a kitchen with refrigerator & stove, full bath, gas furnace, gas hot water heater & 100 amp breaker box.  Apartment #2 is the upstairs 2 bedroom apartment with a kitchen with refrigerator & stove, full bath, washer & dryer, gas furnace, gas hot water heater & 100 amp breaker box.

Apartment #1 was rented for $575 per month and Apartment #2 was rented for $525 per month.  The landlord paid for the water/sewer and the tenant paid the electric and gas.

Included:(2) Refrigerators, (2) Stoves, Washer & Dryer

Real Estate Taxes:
Gross/Net: $1,032.00 (Rounded)

Assessed Value: $45,300

TERMS: 20% down payment on June 14, 2017.  Balance due at closing with a projected date of July 28, 2017, upon delivery of merchantable abstract and deed and all objections have been met.
POSSESSION: Projected date of July 28, 2017 (Subject to tenant’s rights)
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

SPECIAL PROVISIONS:

~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

~ This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

~ If in the future a site clean-up is required it shall be at the expense of the buyer.

~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the same.

~ Any announcements made the day of sale take precedence over advertising

Owner: Tyson J. Niles

Sara L. Haas – Attorney for Seller

For information contact Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)

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