#10

(SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre

529 533 535 S. Lulu Ave. Wichita, KS 67211

Last Updated: 2019-09-20T15:03:35-0500 Last Updated: September 20, 2019

McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre

LIVE AUCTION WITH ONLINE BIDDING!  This property is being offered in a multi-property auction conducted off-site at the Holiday Inn (549 S. Rock Rd) on THURSDAY, FEBRUARY 28TH AT 5:30 PM. Registration opens at 4:30 PM or skip the lines and pre-register online. All properties will be open Sunday, February 24th from 1-5 PM. This property is selling with clear title at closing and no back taxes. Property previews available.

Offering (3) fourplexes and additional lots on nearly 1 acre! There are twelve 2-bedroom, 1-bath units and each unit has a separate electric meter, gas meter, hot water tank, and central heat/central air unit. Eleven of the twelve units are currenlty occupied. What a great investment opportunity with steady income!

This property is located only moments away from Kellogg and I35 and features paved parking with a space for each of the twelve units. Each building has two units on the second level with two on the main level. Each has a front porch area with a storm door, a balcony for second floor units, and a patio for first floor units.

The interior of each unit features a living room with windows to let in the natural sunlight. The kitchen/dining combination has tile flooring and access to either your patio or balcony. The galley style kitchen includes the dishwasher, disposal, oven and refrigerator. Washer and dryer hookups are available in each unit as well! There are two spacious bedrooms and a full bath with a tub/shower combination.

The total monthly income for the eleven occupied units is $5,079 with an annual income of $60,948. This property has potential for $66,648 annual income when fully occupied! Vacant lots located West of the parking lot are included and provide potential for the development of additional buildings.

You will not want to miss out on this fantastic investment opportunity!

DISCLOSURES

The contract will call for a closing on or before 60 days from the date of the auction | This property is located in the "Gilbert-Mosley Groundwater Site." | A member of the LLC is a licensed real estate broker in the state of Kansas. Unit 103: The property is currently occupied by a tenant. There is no written lease available for the property

DETAILS

Type

Four to Sixplex

Number of Stories

Two

Style

High Rise

Construction

Brick Veneer
Frame

Roof

Composition

Amenities/Safety Features

Smoke/Heat Detector

Utilities

Natural Gas
Electric
Sewer
Public Water

Owner Paid Utilities

Trash Collection
Lawn Maintenance

Tenant Paid Utilities

Water/Sewer
Gas
Electric

Heating

Central Gas

Cooling

Central Electric

Parking

Paved
1 Per Unit

Appliances

Oven/Range
Disposal
Dishwasher
Refrigerator

Terms of Tenancy

Month to Month
1 Year or More

Floors

Tile
Carpet

DIRECTIONS & MAP

Kellogg Ave. & Hydraulic - South to Kellogg Dr., West to Lulu, & South to property.

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 McCurdy Auction, LLC. It is incumbent upon buyer to exercise buyer's own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer's responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or McCurdy was obtained from a variety of sources and seller and McCurdy have not made any independent investigation or verification of such information and make no representations as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Broker participation is recognized (3% referral fee offered). Broker registration form is available under the "Downloads" section.

McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre
McCurdy Auction - (SE) (3) Fourplexes w/ 2-BR Units on Nearly 1 Acre

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 McCurdy Auction, LLC. It is incumbent upon buyer to exercise buyer's own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer's responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or McCurdy was obtained from a variety of sources and seller and McCurdy have not made any independent investigation or verification of such information and make no representations as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Broker participation is recognized (3% referral fee offered). Broker registration form is available under the "Downloads" section.