Auctioneers Note: We are honored to offer these apartment buildings for sale for Oakwood Rentals Inc.. As one of the shareholders of Oakwood Rentals Inc is nearing retirement they have decided to offer this excellent income producing property to the public at auction. These apartments are in excellent condition and have recently had several updates to the buildings and each apartment unit!! Contact an agent today for more details on this unique opportunity

Location: 1115 21st Ave. Rock Valley, IA or directly West of Premier Bank or from Pump N Pak go 3/4 mile East and then 3/4 block North on 21st Ave

*Bidding will open on May 9,2018 @ 8:00 A.M.

*Bidding will close on June 5, 2018---Property #1(The West Apartment Building) will close at 6:30 P.M. and Property #2(The North Apartment Building) will close at 7:15 P.M.

*Open house: Saturday May 5, 2018 from 10:00 A.M.--12:00 P.M. and on Tuesday May 8, 2018 from 5:30-7:00 P.M. or by contacting one of the agents listed below. Video of all apt units is available by contacting one of the agents listed below.

Possession: Possession of the building and lot will be upon closing day July 10, 2018. Possession of each unit will be subject to the current tenants lease.

Terms: The buyer(s) will agree to enter into purchase agreement within 24 hours of the bidding on the auction closing with these terms. A $25,000.00 per property non–refundable down payment will be due immediately following the auction with balance due on closing day on or before July 10, 2018. Buyer agrees to accommodate sellers with a 1031 exchange. This property is being sold as a cash sale with no finance contingencies. Full payment will be due and payable on closing day when clear and merchantable title will be given to the buyer(s). Buyers agree that all snow removal cost on parking lot & driveway area will be shared cost between owner of property #1 & #2. This property is being sold as is where is with all defects and no warranties expressed or implied. All measurements, acres and square footages are based off assessor’s information. Although all information is deemed reliable, all buyer(s) are encouraged to inspect the property and verify any information.  The Sale is subject to the confirmation of the sellers. Buyer agrees that by confirmation of these terms and by placement of a bid that they are entering a firm and legal binding contract to purchase the property. Auctioneers and Agents are representing the sellers in this transaction. Any announcements posted day of auction will supersede any advertising.-Don Klein—sellers attorney

Oakwood Rentals Inc.---Owners

Auctioneers and Re Brokers

Mark Zomer-712-470-2526
Ryan Zomer-712-441-3970
Gary Vanden Berg-712-470-2068
Blake Zomer-712-460-2552

Darrell Vande Vegte-712-726-3428

When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Zomer Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Zomer Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Zomer Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please check back and review auction terms often. 

 Bidder responsiblities are but not limited to the following:

All bidders must provide their name, email address, daytime phone number, physical address at which they can be contacted for timely and accurate communication between Zomer Auctions and purchaser throughout any transaction or auction. 

bidders will be responsible and must obey any and all local, state and federal laws any/all violations will result in termination of bidding and website use priviledges with this auction company.