REAL ESTATE AUCTION
40.39 ACRES M/L ADJOINING DES MOINES RIVER
SATURDAY, SEPTEMBER 8, 2018 – 10:00 AM
From the Intersection of Quincy Ave. & U.S. Hwy. 34 in Ottumwa, Iowa
Go North on Quincy Ave. to Rock Bluff Road, to 155th Ave.
Auctions Signs Posted
REAL ESTATE: This property consists of 40-plus acres, more or less, located in Section 15 of Center Township, Wapello County, Iowa, just Northwest of Ottumwa, Iowa. Alongside and adjoining the Des Moines River, with frontage on Rock Bluff Road and on 155th Avenue. Approximately 12.2 acres are enrolled in the Conservation Reserve Program (CPR), with annual payments of $2,889.00 per year. Contract expires 9/30/2021. There are currently 37 river lots leased for cabin spaces, with lease agreements assignable to the buyer. Balance is timbered area, with excellent wildlife and hunting potential. Complete information and rental income is available from auction company. If you are looking for an outstanding recreational property, with possible home sites close to Ottumwa, with outstanding income potential, be sure and take a look at this property.
TERMS: 20% down day of sale, balance in cash upon delivery of a Trustee’s Warranty Deed, accompanied by Abstract of Title showing merchantable title. Real estate taxes will, be pro-rated to possession date, possession given upon settlement.
REAL ESTATE WILL SELL ON-SITE, PROMPTLY AT 10:00AM, AT THE 155TH AVE. LOCATION
For further particulars or an appointment to inspect the property, please call the auction company:641-682-5465. Announcements made day of sale take precedence over any advertising.
AL MARTIN REAL ESTATE & AUCTION CO.
307 Church Street
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