1925 N Lorraine Ave, Wichita, KS 67214

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 21ST, 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 2-bedroom, 1-bathroom home is located just blocks from Wichita State University and offers vinyl siding, a fenced-in backyard, and a one-car, detached garage.  Inside is a cozy living room, a kitchen with an eating space, and a range and refrigerator, which both transfer with the sale. Two bedrooms and a full bathroom with a tub/shower combo complete the home.  This home is currently rented on a month-to-month basis for $600/month, giving an annual income of $7,200. This 2-bedroom, 1-bathroom home is located just blocks from Wichita State University and offers vinyl siding, a fenced-in backyard with concrete patio, and a one-car, detached garage.  Inside is a cozy living room, a kitchen with an eating space, and a range and refrigerator, which both transfer with the sale. Two bedrooms and a full bathroom with a tub/shower combo complete the home.  This home is currently rented on a month-to-month basis for $600/month, giving an annual income of $7,200. Per seller, this home has a new roof and new vinyl siding. SELLER FINANCING OPTION: Seller will offer owner financing on this property for a term of 10 years at 7% with 1/3 down at closing plus a $10,000 origination fee.  The origination fee and Buyer premium will be added to the final bid price prior to determining the 1/3 down payment with no pre-payment penalty.  *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 $5,000.