215 N State St El Dorado, KS 67042

Listing details for 215 N State St, El Dorado, KS 67042 : ONSITE REAL ESTATE AUCTION ON DECEMBER 15, 2011 @ 12:00 PM. Apartment complex with 26 units in El Dorado! Close to Butler County Community College and perfect for college students. There are 6 separate buildings on private cul-de-sac with (24) 2-BR units and (2) 1-BR units, center yard area, mailboxes and paved parking lot. 74% occupancy and several units have been remodeled with new carpet and fresh paint. Each apartment has it's own laundry room with washer and dryer hook-up, separate meter, storage closet and balcony. The units rent from $395 to $550 per month with month to month, six months and 1 year leases. The monthly income is currently $9,185.00 with the potential to make $12,685.00! This property is selling in its present condition and is accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or his(her) agent(s). It is incumbent upon the buyer(s) to exercise his(her) own due diligence prior to bidding on this property. It is the responsibility of the prospective purchaser(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, presence of asbestos, electrical, mechanical, plumbing and any other desired inspections, if any. 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. There will be a 10% Buyers Premium added to the high bid price to arrive at the final contract price. This property will be open for previewing one hour prior to the real estate auction or by scheduled appointment. The earnest money amount due at the auction from the high bidder is $25,000.00.