#18

(El Dorado) 5 Unit Bldg w/ Garage/ Office Space

117 N. Gordy St. El Dorado, KS 67042

Last Updated: 2019-04-18T18:49:00-0500 Last Updated: April 18, 2019

McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space

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, APRIL 18 AT 5:30 PM. Registration opens at 4:30 PM or skip the lines and pre-register online. All properties will be open Sunday, April 14th from 1-5 PM. This property is selling with clear title at closing and no back taxes. Property previews available.

(5) 1-BR & 1-BA units with commercial space in El Dorado.

The first level includes a commercial space that consists of a climate controlled warehouse, with an office space, bathroom and 2 small rooms. Per the seller the electric in the first level is new, the space is currently vacant but the seller has potential plans that would help a new owner convert the space into 5 more apartments to double the annual income.

The second level includes (5) one bedroom, one bathroom apartments. The apartments include a carpeted living room that leads into the tiled kitchen with great counter space and includes a range/stove and a refrigerator. The carpeted bedroom includes a full bathroom. These great apartments are located within walking distance from downtown El Dorado, with access to the Butler County Courthouse, shopping and numerous churches. The apartments have street parking along Gordy or there is a public lot located across the street that can be utilized. The seller also pays for a bulk cable bundle through Cox Communications for basic cable for all five apartments that would transfer to the buyer.

The upstairs is currently at 100% occupancy with a monthly income of $2,625 per month which is $31,500 per year and has the potential to double income!

This building is also sits in the Historical Opportunity Zone of El Dorado, KS and as a result the building has the possibility of state and federal tax credits. There is also an opportunity for up to ten years of property tax abatement from the City of El Dorado, please contact city for more information.

Don't miss out on this great building with so much potential!

DETAILS

Type

Apartment Complex

Number of Stories

Two

Style

Other

Construction

Concrete-Poured
All Brick

Roof

Other

Utilities

Natural Gas
Electric
Sewer
Public Water

Owner Paid Utilities

Gas
Electric
Water/Sewer
Trash Collection
Lawn Maintenance

Heating

Forced Air
Central Gas

Cooling

Window Unit
Central Electric

Parking

Other
Street Parking

Floors

Concrete Slab
Tile
Carpet

DIRECTIONS & MAP

Central & Main St- West on Central, North on Gordy, West 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 - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space
McCurdy Auction - (El Dorado) 5 Unit Bldg w/ Garage/ Office Space

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.