1601 E Walnut Grove Rd, Derby, KS 67037

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MAY 9th, 2024. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. This quadplex offers (2) 2-bedroom, 1.5-bathroom units and (2) 2-bedroom, 1-bathroom units in Derby, Kansas!!! Great investment opportunity with a monthly income of $2,600 and an annual income of $31,200! This building is located near the corner of Madison and Rock Rd, close to restaurants, schools, the Derby Public Library, and much more. The exterior of the property provides paved off-street parking, exterior access to each unit, and a patio/balcony space on two of the units. Each unit is furnished with a refrigerator, oven, and dishwasher. Unit 1601 - Rented for $750, month to month, with a $750 security deposit. This unit has 2-bedrooms and 1.5-bathrooms along with a basement with a rec/family room, storage space, and laundry hookups. Unit 1603 - Rented for $550, month to month, with a $550 security deposit. This unit has 2-bedrooms and 1-bathroom. Unit 1605 - Rented for $750 with a lease expiration of 7/1/2024 and a $750 security deposit. This unit has 2-bedrooms and 1.5-bathrooms along with a basement with a rec/family room, storage space, and laundry hookups. Unit 1607 - Rented for $550, month to month, with a $550 security deposit. This unit has 2-bedrooms and 1-bathroom. All tenants pay for electric. Landlord pays for water, trash, and lawn care. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $15,000.