1850 S Lorraine Ave, Wichita, KS 67211

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 15th, 2025. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. Property is selling with clear title at closing and no back taxes. Property previews available.   Excellent Investment Property with Immediate Income! This well-maintained, full-brick ranch-style home presents a fantastic opportunity for investors. Inside, you'll find 3 bedrooms and 1.5 bathrooms within 1,220 sq ft of comfortable living space, featuring hardwood floors and ceiling fans. The layout is practical and appealing to tenants. Enjoy a large (33x13) covered patio perfect for outdoor enjoyment and a substantial (21x18) workshop building with an overhead door, offering excellent storage or hobby space. The property also benefits from a double-wide driveway and is situated on a private dead-end street.  Currently rented for $1,025.00 per month with a lease expiring on 7/31/25.   Recent Updates (per seller): This home has been updated with a new roof in 2017, a new refrigerator in 2019, a remodeled bathroom with new plumbing in 2020, a new kitchen faucet in 2024, and a new water heater in 2024.  *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 ($2,500.00 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 $7,500.00.