NOT LISTED FOR SALE
16 Beds
1 Bath
9,680 Sq Ft
0.54 Acres

Last Sold September 25, 2023

34 Days on Market

Highlights

  • 23,522 Sq Ft lot
  • Laundry Facilities
  • Heating Available
  • Central Air
  • Fenced

About This Home

As of September 2023

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON AUGUST 10TH, 2023. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. NO MINIMUM, NO RESERVE!!! Don't miss out on this rare opportunity to purchase a 23-unit apartment complex in West Wichita! 23 fully rented units 7 studios (16) 1-bedroom units $132,000 annual income $9,323 in security deposits Each unit is furnished with a range, refrigerator, and dishwasher The lawn care and snow removal are provided by Impact Lawn Care with a verbal contract The dumpsters are the property of the trash company Laundry services provided by Jetz Services Tenants pay for electricity, owner pays for water and trash Paved parking with at least 30 spots This apartment complex is being offered high bidder's choice with the 6 quadplexes across the street (530 N. McComas). *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 $50,000 for a 30-day close or $75,000 for a 45-day close. Per the Property Management Company, the complex at 535 N. McComas St. has deteriorating steps along with second story walkways and handrails on both sides. Jetz Service Co. Inc. is a tenant who provides laundry services. The lease can be found in the supporting documents.

Last Listed By

Lonny R McCurdy

McCurdy Real Estate & Auction, LLC License #00017413 Listed on: 07/07/2023

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1981

Lot Details

  • 0.54 Acre Lot
  • Fenced

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 9,680 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 23 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Schools

  • Lawrence Elementary School
  • Hadley Middle School
  • West High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 23 Units
  • Laundry Facilities
  • Gross Income $132,000

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, trash, water/sewer
  • Assessor Parcel Number 20173-136-24-0-22-02-007.01

Property Details

Home Type

Apartment

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Apartment Complex
  • Estimated Age: 36 - 50 Years
  • Total Specials: 192.74
  • Year Built: 1981
  • Annual Specials: 192.74
  • Estimated TFLA: 9680
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 773

Interior Features

  • Appliances: Dishwasher, Over/Range, Refrigerator
  • Floors: Carpet
  • Number Of Stories: Two

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: 2 Per Unit, Paved, Street Parking
  • On Site Parking Spaces: 23

Utilities

  • Cooling: Central Electric
  • Flood Insurance: Unknown
  • Heating: Central Electric
  • Utilities: Public, Sewer

Association/Amenities

  • Safety Features: Central Laundry, Fencing

Schools

  • School District: Wichita School District (USD 259)
  • Elementary School: Lawrence
  • Middle School: Hadley
  • High School: West
  • Elementary School: Lawrence
  • High School: West

Lot Info

  • Includes Lot Y/N: Yes
  • Lot Size Sq Ft: 23522
  • Geo ADDRESS Line: 535 N Mccomas St
  • Geo PRIMARY City: Wichita
  • Geo Quality: 0.95
  • Geo Subdivision: KS
  • Geo Update: 07/24/2023
  • Geo Zoom Level: 16

Rental Info

  • Owner Paid Utilities: Lawn Maintenance, Trash, Water/Sewer
  • Tenant Paid Utilities: Electric

Tax Info

  • Assessor Parcel Number: 20173-136-24-0-22-02-007.01
  • General Taxes: 9628.82
  • General Tax Year: 2022

Multi Family

  • Number Of Units: 23
  • Number Of 1 Bedroom Units: 16
  • Number Of Efficiency Units: 7
  • Rent Per Unit 1 Bedroom: 395-575
  • Rent Per Unit Efficiency: 405-510
  • Gross Income: 132000

MLS Schools

  • Middle School: Hadley
  • School District: Wichita School District (USD 259)

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold -- -- --
08/10/2023 08/10/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $770,000 -- $80 / Sq Ft
Source: South Central Kansas MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Kansas MLS

MLS Number: 628061

South Central Kansas MLS