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3 Residential Apartment Properties in Laurens, Iowa
Selling On Our
UNRESERVED ONLINE AUCTION
April 8, 2025
Bidding opens March 25, 2025, and ends April 8, 2025, at 1:00 p.m.
Tract 1:
Description: Located on the east side of Laurens, IA, this eight-unit multi-family apartment building is ready for your investment. In addition to the building there is a paved parking lot with 8 stalls under an 80’ x 22’ garage. The apartments are on two levels. Currently occupied with leased occupants. This property sells AS-IS. Contact agent for lease details and showing by appointment.
The bidding increments will be $2,500/bid. The final sale price will be calculated based on the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
BigIron Realty
2722 Highway Blvd
Spencer, IA
BigIron Realty Agents will be at the BigIron Realty Office in Spencer, IA, on April 8, 2025, from 11:00 a.m. until the conclusion of the online auction. Please come during the time scheduled to discuss the properties. BigIron Realty Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online, but you must be available by phone.
BIDDING PROCESS: You may place bids on this property for 14 days, beginning March 25, 2025, and ending April 8, 2025, at 1:00 p.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call 800-887-8625 for assistance.
Address: 213 Section Line Road, Laurens, IA 50554
Legal Description: BAL 125’ NORTH LAURENS BLK 16, Zoned: Residential-Parcel ID: 0122385004, 0.32 Acres; 13,750 SF Lot – 7,104 SF Building, Built in 1969.
2024 Taxes: $4,370.00
Owner: Farmers Trusty & Savings Bank, Spencer, IA,
on behalf of John & Jennifer Newgard
Title Services: KC Title & Closing
For more information, contact the listing agent:
Sam Harper 712-339-5002
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to KC Title & Closing. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before May 13, 2025. The seller will provide a marketable title to the buyer; the title opinion and closing costs will be at the buyer’s expense. The seller will pay the 2024 real estate taxes, and the 2025 real estate taxes will be prorated to the day of closing. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.
Location
Terms
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to KC Title & Closing. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before May 13, 2025. The seller will provide a marketable title to the buyer; the title opinion and closing costs will be at the buyer’s expense. The seller will pay the 2024 real estate taxes, and the 2025 real estate taxes will be prorated to the day of closing. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.