1632 N Lorraine Ave, Wichita, KS 67214

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MARCH 21ST, 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. This 2-bedroom, 1-bathroom home offers a front deck, mature trees, and a driveway for off-street parking, and is only a few blocks from Wichita State University!  Inside is a living room, formal dining, and kitchen, with an eating space. Two bedrooms and a full bathroom, with a tub/shower combo complete the main floor.  The basement is full and unfinished but offers plenty of storage space and laundry hookups.  This home is currently rented for $460/month on a month-to-month basis. ($450/month plus $10 liability monthly) Per seller, this home has a new electrical box. Tenant would like to stay. SELLER FINANCING OPTION: Seller will offer owner financing on this property for a term of 10 years at 7% with 1/3 down at closing plus a $10,000 origination fee.  The origination fee and Buyer premium will be added to the final bid price prior to determining the 1/3 down payment with no pre-payment penalty. Per Seller and lease documentation no deposit will transfer.  Lease documentation can be found in the Supporting Documents. *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 ($1,500.00 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 $5,000.