1245 N Broadway Ave Wichita, KS 67214

THIS PROPERTY IS SELLING AT A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. ROCK RD) ON JUNE 14TH 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. Incredible investment opportunity!!! This property includes a converted Victorian home with 6-units and a duplex - both meticulously built and maintained. This property is offered separate and together with 1251 N. Broadway Ave. Currently, 2 units are vacant and 6 units are rented for a total monthly income of $2,764. The current annual income is $33,168, however, at full capacity, this property has a potential annual income of $43,728! The exterior features fencing and paved parking. The interior of the converted home features a fire sprinkler system. Hardwood floors are featured throughout the interior of both buildings. According to the seller, all units are serviced in the spring, the fall, and as needed. The seller also states that many updates have been made to the property including new HVAC systems in most units, some stoves and refrigerators replaced, and fresh paint in many of the units between January and March of 2018. Converted Victorian home: Unit 101: One-bedroom unit currently rented for $550 a month. Owner pays all utilities. Unit 201: Efficiency unit currently rented for $575 a month. Owner pays all utilities. Unit 203: Efficiency unit currently rented for $440 a month. Owner pays all utilities. Unit 301: Vacant efficiency unit previously rented for $440 a month. Owner pays all utilities. Unit 303: Efficiency unit currently rented for $399 a month. Owner pays all utilities. Unit 305: Vacant efficiency unit previously rented for $440 a month. Owner pays all utilities. Duplex: Unit 7: One-bedroom unit currently rented for $330 a month. The tenant in unit 7 pays water and electricity for both sides of the duplex. Unit 8: One-bedroom unit currently rented for $470 a month. Don't miss out on this great investment opportunity! This property is listed on the Kansas and National Registers of Historic Places. |  Per seller, County Records for finished living area do not reflect entire finished living space. Basement finished living area provided is measured and approximate. Please see Property Information Packet for Terms and Conditions.