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Multi-Broker, Multi-Property Auction

April 17th, 2018 6:00 PM

Auction Property: 304 W. Spring Ave, Conway Springs, KS

 

Date: Apr. 17, 2018   6:00 PM
Open Houses TBD    
Auction Location Best Western North 915 E 53RD ST NORTH Park City, KS
Buyer Information Packet Brokers Form    



Legal Description: Lots 13-14, Block 23 Conway Springs Original Town

Property Location: K-49 HWY (Conway Springs Rd) to Spring Ave (Main business drag) West to 7th St. NW Corner.

Manner of Auction: Sold as a single tract to highest bidder, subject to Seller approval.

Property Description:

This property features both a triplex as well as a detached 2 car garage all currently leased and 100% occupied. This is a great opportunity to own a fantastic rental property with exceptional cash flow. The triplex includes a 3bd 1.5ba upstairs, 2bd 1ba on lower level and a 1bd 1ba lower level unity. The 950sqft 3bd 1.5ba is currently leased at $450 month and has leased as high as $550 in the past. It features central heat and air, washer/dryer hooked up along with fresh paint, brand new carpet and lights updated within the past twelve months. 2bd 1ba unit is currently leased at $425 and has been leased as high as $475 month. The unit features newer carpet, central heat and air, washer/dryer hookup. The 1bd 1ba unit is currently leased at $300 month and has been leased as high as $400. Garage is currently leased at $100 with long term tenant. All units have separate gas, electric and water meters for individual billing. Residents responsible for all utilities and trash. Owner pays for lawn care. Total monthly current cash flow is $1275 a month but with past rent rates being higher, it is evident the opportunity for increased cash flow is possible.


Tax Information: Taxes will be prorated to closing date. 2017 taxes were $1,321.78 with no specials.

Easements: Buyer to accept any and all easements, restrictions, roadways, and right-of-ways of record.

Earnest Terms:

Earnest money in the amount of $5,000 is to be made payable to Kansas Secured Title in the form of personal check, business check or cashier's check day of auction. Earnest deposits are non-refundable. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.


Closing date/place:

Closing shall occur on or before May 17, 2018 at Kansas Secured Title.


Possession: At closing
   

Contact Don with any questions!    316-619-3719   or

 

 
 
 
 
 
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