446 N Piatt Ave Wichita, KS 67214

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MAY 9th, 2024. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Excellent investment opportunity located near downtown Wichita! Here's your chance to own an income-producing package consisting of two quadplexes. Currently, the annual income is $37,560 with the potential for more. There is one vacant unit that is ready to be rented! Brick Siding Front porches or covered front entries 1 bedroom, 1 bathroom per unit Charming interiors with hardwood flooring, decorative fireplaces, arched doorways Updated doors & windows New roofs in 2012 Steel Piering System done in 2012 Off-street parking Unfinished basements for tenant storage 440 N. Piatt Ave. Unit #1 is rented for $550 per-month until 4/30/2025 with a $550 deposit. This unit was completely remodeled in 2021 with new front porch columns in 2023 Unit #2 is rented for $400 per-month on a month-to-month basis with a $250 deposit. Unit #3 is vacant but move-in ready! Unit #4 is rented for $415 per-month on a month-to-month basis with a $250 deposit. 446 N. Piatt Ave. Unit #1 is rented for $475 per-month until 2/29/2025 with a $475 deposit. This unit was completely remodeled in 2022, new concrete front porch in 2022 and foundation piers (below grade) in 2023. Unit #2 is rented for $450 per-month until 9/30/20024 with a $450 deposit. Unit #3 is rented for $425 per-month on a month-to-month basis with a $425 deposit. Unit #4 is rented for $415 per-month on a month-to-month basis with a $250 deposit. Per seller, 440 N. Piatt has a new PVC sewer line installed in the crawl space/basement, up to where it enters the concrete. 446 N. Piatt has a new water heater as of April 2024. Seller is a licensed agent in the state of Kansas. *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 $15,000