3839 S. Broadway Ave., WICHITA, KS

183 views Jun 9, 2020
ONLINE ONLY BIDDING, COMMERCIAL MULTI-PROPERTY AUCTION! All properties selling with clear title at closing and no back taxes. Property available for preview Friday, June 19th, 12PM-3PM. Excellent opportunity to purchase an apartment complex and storage building! Currently called "The Elms", it includes 11 units (7 individual homes and 2 duplexes) on .75 +/- acres. Each unit has one bedroom and one bathroom. There are no leases. Unit #2 tenant is month-to-month at $400 per month and all other tenants will be evicted before closing. These units were previously rented for $400-550 per month, which is a potential income of $52,800-72,600 per year! Approximately half of the appliances belong to the seller and will remain with the property. For utilities, there is 1 electric meter, 1 water meter and 1 gas meter. DISCLOSURES Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. | BIDDING OPENS: Monday, June 22nd, 2020 at 5:00 PM (cst) | BIDDING CLOSES: Thursday, June 25th, 2020 at 2:00PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available for preview June 19th, 12PM-3PM. Buyer must comply with city and hook on to city sewer. Septic tanks do not pass inspection. Per seller, some porches, siding and windows need repaired and/or replaced. The property is currently occupied by a tenant. There is no written lease available for the property.

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