824 S Water St, Wichita, KS 67213

Prime Investment Opportunities Brick Fourplexes on S Water St — Bid on One Building, the Other, or Both A solid brick investment in Wichita, offered at auction as two separate lots. Four total 1 bed / 1 bath units, each with its own private entrance and dedicated parking spot. No shared hallways, no guesswork for your tenants. Built in 1940 and still standing strong, the kind of brick construction they don't pour anymore. Each unit is separately metered for electric, so tenants pay their own power while the owner covers lawn, trash, and water/sewer. Here's the flexibility: you can bid on one building, the other, or both. Build your portfolio at the pace that works for you. Auction Properties Include: Lot 1: 824 S Water St, Wichita, KS 67213 Lot 2: 828 S Water St, Wichita, KS 67213 Disclosures: Per Seller the roofs need to be replaced. Auction Highlights & Terms: Clear Title: Bid with confidence knowing that every property is being sold with a clear title. Title Insurance: Title insurance will be provided through Security 1st Title, ensuring a secure and protected transfer of ownership. Prorated Taxes: Property taxes will be prorated to the exact day of closing—you will not be responsible for any back taxes. 30-Day Closing: Closing will take place on or before 30 days from the auction's end. Agents: Register your buyers Registration & Bidding: Don't miss out on this Wichita area gem. Review all the details, schedule your showings, and register to bid today! 10% buyer premium will be added to the final bid and make up the final contract price. Property is selling in its “as-is” present condition and is accepted by the buyer without any expressed or implied warranties. It is the buyer’s responsibility to have any and all inspections completed prior to bidding. The buyer and seller shall split equally in the cost of the title insurance and the closing fee. ALL taxes will be prorated to the day of closing. Bidding is not contingent upon financing. Closing to take place on or before 30 days from the auction closing date. The Seller reserves the right to accept any offer made prior to the auction's close, regardless of the current highest bid, only if the reserve price has not been met. In the event of an acceptable pre-auction offer, the auction will be immediately terminated and the highest bidder notified. Non-refundable earnest money deposit due at the conclusion of the auction in the amount of $7,500 Per Building.