117 N Gordy St El Dorado, KS 67042

THIS PROPERTY IS SELLING AT A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. ROCK RD) ON APRIL 18TH AT 5:30 P.M. DOORS OPEN AT 4:30 P.M. FOR REGISTRATION OR PRE-REGISTER ONLINE. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. This property is selling with clear title at closing and no back taxes. Property previews available. (5) 1-BR & 1-BA units with Commercial space- Historical El Dorado The first level includes a commercial space that consists of a climate controlled warehouse, with an office space, bathroom and 2 small rooms. Per the seller the electric in the first level is new, the space is currently vacant but the seller has potential plans that would help a new owner convert the space into 5 more apartments to double the annual income. The second level includes (5) one bedroom, one bathroom apartments. The apartments include a carpeted living room that leads into the tiled kitchen with great counter space and includes a range/stove and a refrigerator. The carpeted bedroom includes a full bathroom. These great apartments are located within walking distance from downtown El Dorado, with access to the Butler County Courthouse, numerous churches. The apartments have street parking along Gordy or there is a public lot located across the street that can be utilized. The seller also pays for a bulk cable bundle through Cox Communications for basic cable for all five apartments that would transfer to the buyer. The upstairs is currently at 100% occupancy with a monthly income of $2,625 per month which is $31,500 per year and has the potential to double income! This building is also sits in the Historical Opportunity Zone of El Dorado, KS as a result the building has the possibility of state and federal tax credits. Opportunity for up to ten years of property tax abatement from the City of El Dorado, please contact city for more information. Don't miss out on this great building with so much potential! *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. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. 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.