The foreclosed property has 18 one-bedroom, 27 two-bedroom and three three-bedroom units. The building had an occupancy rate of 67% in December, the most recent month available.
The property could generate about $213,408 in annual income and has annual expenses of $112,630, according to the bid kit on the property.
Bids must be presented by 10 a.m. March 27 at the Page County Courthouse at 112 EastMain in Clarinda, IA.
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