529 S Lulu 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 DECEMBER 12th, 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.  Multi-family package alert! What an amazing opportunity to purchase three quadplexes side by side in Southeast Wichita! Each building has (4) 2-bedroom, 1-bathroom units. All twelve units are rented, giving you a total monthly income of $8,163 and a total annual income of $97,596! All units are on separate electric, gas, and water meters and are equipped with a refrigerator, oven, and dishwasher. Owner pays for trash service, lawn maintance, parking lot clearing and electric for secuirty lighting.   Unit 101 - Rented for $759 until 5/31/2025  Unit 102 - Rented for $759 until 9/30/2025  Unit 103 - Rented for $525, MTM, 20 year tenant   Unit 104- Rented for $695, MTM  Unit 201 - Rented for $595, MTM, 6+ year tenant   Unit 202 - Rented for $695, MTM  Unit 203 - Rented for $695, MTM  Unit 204 - Rented for $725 until 8/31/2025  Unit 301 - Rented for $695, MTM  Unit 302 - Rented for $595, MTM, 6+ year tenant   Unit 303 - Rented for $700 unit 3/31/2027  Unit 304 - Rented for $695 until 4/30/2025  Per the seller units 102 and 204 have gotten new carpet and paint. The A/C unit for 101 was also replaced. And the 535 S Lulu building got a new roof in July of 2023.  This fully occupied property package is an investor's dream!   *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 $30,000. Buyer's Choice: $30,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale. $45,000 earnest money deposit at the time of contracting with a closing on or before45 days from the date of sale.