535 N McComas St, Wichita, KS 67203

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON AUGUST 10TH, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. NO MINIMUM, NO RESERVE!!! Don't miss out on this rare opportunity to purchase a 23-unit apartment complex in West Wichita! 23 fully rented units 7 studios (16) 1-bedroom units $132,000 annual income $9,323 in security deposits Each unit is furnished with a range, refrigerator, and dishwasher The lawn care and snow removal are provided by Impact Lawn Care with a verbal contract The dumpsters are the property of the trash company Laundry services provided by Jetz Services Tenants pay for electricity, owner pays for water and trash Paved parking with at least 30 spots This apartment complex is being offered high bidder's choice with the 6 quadplexes across the street (530 N. McComas). *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 $50,000 for a 30-day close or $75,000 for a 45-day close. Per the Property Management Company, the complex at 535 N. McComas St. has deteriorating steps along with second story walkways and handrails on both sides. Jetz Service Co. Inc. is a tenant who provides laundry services. The lease can be found in the supporting documents.