304 W Spring Ave Conway Springs, KS 67031

OFFSITE AUCTION: TUESDAY, APRIL 17, 2018, 6:00 PM AT THE BEST WESTERN NORTH AT 915 E 53RD ST NORTH. This property is part of a multi-broker, multi-property auction of 20+ properties. This property features both a triplex as well as a detached 2 car garage all currently leased and is 100% occupied. This is a great opportunity to own a fantastic rental property with exceptional cash flow. The triplex includes a 3bd 1.5ba upstairs, 2bd 1ba on lower level and a 1ba 1bd lower level unit. The 950sqft 3bd 1.5ba is currently leased at $450 month and has leased as high as $550 in the past. It features central heat and air, washer/dryer hooked up along with fresh paint, brand new carpet and lights updated within past twelve months. 2bd 1ba unit is currently leased at $425 and has been leased as high as $475 month. The unit features newer carpet, central heat and air, washer/dryer hookup. The 1bd 1ba unit is currently leased at $300 month and has been leased as high as $400. Garage is currently leased at $100 with long term tenant. All units have separate gas, electric and water meters for individual billing. Residents responsible for all utilities and trash. Owner pays for lawn care. Total monthly current cash flow is $1275 a month but with past rent rates being higher in the past, it is evident the opportunity for increased cash flow is possible. This property is selling As-Is Where-Is, in its present condition and will be accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or their agent(s). It is the buyer(s) responsibility to exercise their own due diligence prior to bidding on this property. It is also the responsibility of the prospective buyer(s) to have any and all inspections completed prior to the auction day including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold or radon gas, electrical, mechanical, plumbing and any other desired inspections, if any. Taxes and rents to be prorated to closing date. Buyer will accept any and all easements, restrictions, roadways, and right-of-ways of record. Title policy and closing costs shared equally between buyer and seller. $5,000 non-refundable earnest at contract signing to KST. Closing on or before May 17, 2018. Possession at closing. Buyer should verify schools. A 10% Buyers Premium will be added to high bid at auction to achieve full contract price. Information given is from sources deemed reliable but not guaranteed by the seller(s) or the Realtor(s) / Auctioneer(s). Announcements made the day of the auction shall take precedence over anything previously stated or printed. Seller is a licensed agent in the state of Kansas