1925

Sqft

Multi-Family Triplex Auction Wichita ks

857 S SAN PABLO LN, Wichita KS, 67207 Auction

Online Only Auction! Lot number 3 in this multi-property investment auction. The 3 buildings have had over $40,000 in updates and renovations in the last 2 years. 857 San Pablo is a Full Brick triplex with (2) – 2 bedroom 1 bath units and (1) 1 bedroom 1 bath units. The property is 100% occupied with monthly rents of $1,320. 857 is currently rented for $450 per month since late 2019. 859 is currently rented for $395 a month since 2019. Unit 861 is rented at $475 per month. Tenant is responsible for electric and gas. Seller pays for lawn care and water. The water bill averages $100 per month. Additional storage in the basement that is accessible through the outside of the building. 10% buyer premium will be added to the final bid and make up the final contract price. Property is selling in its “as-is” present condition and is accepted by the buyer without any expressed or implied warranties. It is the buyer’s responsibility to have any and all inspections completed prior to bidding. The buyer and seller shall split equally in the cost of the title insurance and the closing fee. ALL taxes will be prorated to the day of closing. Bidding is not contingent upon financing. Closing to take place on or before 30 days from the auction closing date. Non-refundable earnest money deposit due at the conclusion of the auction in the amount of $7,500 Per Building.

MLS Number: 617284


Directions to the Wichita Triplex Auction

Lincoln and Woodlawn - East to San Pablo, North to property

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