2724 E Central Ave Wichita, KS 67214

Listing details for 2724 E Central 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 SEPTEMBER 13TH 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. NO MINIMUM, NO RESERVE!!! Fantastic opportunity to purchase 3,454 square foot commercial building and 2-Bedroom, 1-Bathroom Ranch home on 1 lot. The commercial building includes 2 units - 1 that is leased for $1,000 a month with a total income of $12,000 a year! Commercial Building: The exterior features a parking lot with parking up to ten. It also offers security amenities including security lights, a security system, fire alarm, dry sprinkler system, and a smoke heat detector. The interior offers concrete slab floors and central heat and central air. The leased portion of the building is currently being utilized as an operating restaurant. The tenant pays the gas, electricity, trash, and janitorial expenses while the water bill is paid by the owner. Per seller, roof repairs on front building 2 months ago, no leaks since. Building historically rented for $800/mo. 2-BR, 1-BA Ranch Home: The brick and concrete block construction exterior features a covered entryway and security lights. The interior offers central heat/central air, a wood-burning fireplace in the living room, and an eating space in the kitchen. Utilities include city water, city sewer, natural gas, and electricity. Building historically rented for $700/mo. This is a versatile investment opportunity! Seller is a licensed real estate salesperson or broker in the state of Kansas. | Update from printed brochure and earlier marketing - Property consists of 3,454 Sq Ft commercial building and 2-Bedroom home. Tenant owns non-attached equipment and furniture. Attached items transfer. Utilities off on vacant units. Owner re-pouring sidewalk in back for positive drainage. Total income potential if fully rented - $2,500/mo. *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. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. 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 $3,500.