530 N McComas St, Wichita, KS 67203

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON AUGUST 10TH, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. NO MINIMUM, NO RESERVE!!! Don't miss out on this rare opportunity to purchase The Williamsburg Square Apartments, which consists of (6) quadplexes in West Wichita! (24) 2-bedroom, 1-bathroom units 21 rented, 3 vacant $162,120 annual income $11,460 in security deposits Each unit is furnished with a range, refrigerator, dishwasher, washer & dryer Tenants pay for water and electricity, owner pays for trash The lawn care and snow removal are provided by Impact Lawn Care with a verbal contract The dumpsters are the property of the trash company Paved parking with at least 40 spots Large corner lot, nearly 1.5 acres 530, 534, 538, 542, 546, and 550 N. McComas are all under one legal address (530 N. McComas St) This set of 6 quadplexes is being offered high bidder's choice with the 23-unit apartment complex across the street (535 N. McComas). *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 $50,000 for 30-day closing or $75,000 for 45-day closing. Per the seller, there was some structural damage to 530 N. McComas which has been repaired. The RAMJACK warranty is transferrable with a transfer fee. See the supporting documents for the current warranty.