ONLINE AUCTION – 8 UNIT APARTMENT COMPLEX WITH VACANT LOT – NEAR DOWNTOWN WICHITA – VALUE ADD OPPORTUNITY. Bidding is now open and will close Friday, April 17th at 12:00 PM. Located at 925 & 937 S Main Street in Wichita, Kansas, this offering consists of an 8 unit apartment complex along with an adjacent vacant lot. The properties will be sold together and will not be offered separately. The apartment building was originally constructed in 1976 and renovated in 2017 and offers approximately 4, 148± square feet of building area. The unit mix consists of four (4) studio units and four (4) one bedroom units with eight on site parking spaces available for tenants. The property is all electric following the 2017 renovation and is currently professionally managed. Below market rents and the adjacent vacant lot provides value add upside including potential expansion of the complex, additional parking, or future development. Located just south of downtown Wichita with convenient access to employment, dining, and entertainment, this property presents an excellent opportunity for investors seeking a repositioning opportunity with long term upside. Buyers are advised to thoroughly review the terms and details provided on the online bidding site, as any terms, comments, or announcements made there supersede any other advertised material. The property is being sold in its current "Where Is, As Is" condition, without any warranties. Sale is subject to seller confirmation with closing within 30 days. The successful bidder must immediately execute the provided auction purchase contract and deposit $30, 000.00 as earnest money within the specified time outlined in the contract. Additionally, a 10% buyer’s premium will be added to the final bid price. This auction is conducted exclusively online, with a 2-minute bidding time extension. The auctioneer reserves the right to recess, adjust and/or extend the bidding time as they deem necessary. Furthermore, the auctioneer may, at their sole discretion, reject, disqualify, or refuse any bid. Broker forms, if any, are available on the bidding site. While all information is deemed reliable, buyers are encouraged to conduct their own due diligence. The sale is not contingent on financing, appraisal, or inspection, and the winning bidder must be available immediately post-auction. The property is sold subject to applicable Federal, State, and/or Local Government regulations, with all measurements and details approximate and non-binding. The auctioneer provides no warranties regarding the online bidding platform's performance and assumes no liability for any bidder-incurred damages during its use, including unacknowledged bids or errors. Bidders accept all risks associated with the platform and acknowledge that the auctioneer bears no responsibility for bid submission or acceptance errors or omissions. Auctions may be subject to selling prior to the auction date.
