(NE) ABSOLUTE - 3,454 SF Building & 2-BR Home on 1 Lot

2724 E CENTRAL AVE, WICHITA, KS 67214

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GENERAL COMMERCIAL

BUILT 1955/1940

PARKING UP TO 10

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Auction Dates

Auction Began: 9/13/18 at 5:30 PM (CT)

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About This Property

LIVE & ONLINE AUCTION! THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. Rock Rd) ON THURSDAY, SEPTEMBER 13TH AT 5:30 PM. DOORS OPEN AT 4:30 P.M. FOR REGISTRATION, OR PRE-REGISTER ONLINE. All properties will be open Sunday, September 9th from 1-5 PM. Online bidding will be available for this auction event. This property is selling with clear title at closing and no back taxes. Property previews available.

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.

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.

This is a versatile investment opportunity!

Disclosures

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. Per seller, roof repairs on front building 2 months ago, no leaks since. Owner re-pouring sidewalk in back for positive drainage. Tenant owns non-attached equipment and furniture. Attached items transfer. Back building historically rented for $700/mo, vacant unit in front building historically rented for $800/mo, and a total income potential if fully rented - $2,500/mo. Utilities off on vacant units.