Homes for sale - 529 S Lulu Ave., Wichita, KS 67211

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Dan Birkle

dan.birkle@lptrealty.com +1(316) 648-2010

Listed by Lonn McCurdy • McCurdy Real Estate & Auction, LLC • OFF: 316-867-3600

Est. payment - /mo

9,792 SqFt

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UPDATED:

12/04/2024 05:27 PM

Key Details

Property Type Multi-Family

Sub Type Four to Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 9,792 sqft

Subdivision Kellogg St

MLS Listing ID SCK648087

Style Side by Side

Total Fin. Sqft 9792

Originating Board sckansas

Year Built 1985

Annual Tax Amount $5,139

Tax Year 2023

Lot Dimensions 35000

Property Description

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON DECEMBER 12th, 2024. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. Multi-family package alert! What an amazing opportunity to purchase three quadplexes side by side in Southeast Wichita! Each building has (4) 2-bedroom, 1-bathroom units. All twelve units are rented, giving you a total monthly income of $8,163 and a total annual income of $97,596! All units are on separate electric, gas, and water meters and are equipped with a refrigerator, oven, and dishwasher. Owner pays for trash service, lawn maintance, parking lot clearing and electric for secuirty lighting. Unit 101 - Rented for $759 until 5/31/2025 Unit 102 - Rented for $759 until 9/30/2025 Unit 103 - Rented for $525, MTM, 20 year tenant Unit 104- Rented for $695, MTM Unit 201 - Rented for $595, MTM, 6+ year tenant Unit 202 - Rented for $695, MTM Unit 203 - Rented for $695, MTM Unit 204 - Rented for $725 until 8/31/2025 Unit 301 - Rented for $695, MTM Unit 302 - Rented for $595, MTM, 6+ year tenant Unit 303 - Rented for $700 unit 3/31/2027 Unit 304 - Rented for $695 until 4/30/2025 Per the seller units 102 and 204 have gotten new carpet and paint. The A/C unit for 101 was also replaced. And the 535 S Lulu building got a new roof in July of 2023. This fully occupied property package is an investor's dream! *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. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($2,500.00 minimum) added to the final bid. Property available to preview by appointment. 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 $30,000. Buyer's Choice: $30,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale. $45,000 earnest money deposit at the time of contracting with a closing on or before45 days from the date of sale.

Location

State KS

County Sedgwick

Direction From Kellogg and Washington go south on Washington Ave to Indianapolis St. Left on Indianapolis St. to Lulu Ave.. Left on Lulu to homes.

Rooms

Basement None

Interior

Heating Central Gas

Cooling Central Electric

Flooring Carpet, Tile

Fireplace No

Appliance Range/Oven, Refrigerator

Heat Source Central Gas

Exterior

Garage Description 2 per Unit

Utilities Available Gas, Public Water, Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 24

Building

Unit Features [{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":12,\"UnitTypeType\":\"Unit 2\",\"UnitTypeKey\":\"SCK648087Group_2\"}]

Architectural Style Side by Side

Structure Type Brick Veneer,Frame,Hardboard

Schools

Elementary Schools Washington

Middle Schools Mead

High Schools East

School District Wichita School District (Usd 259)

Others

Security Features Fenced

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Dan Birkle

+1(316) 648-2010

Agent | License ID: 00039932

Agent License ID: 00039932

529 S Lulu Ave. Wichita, KS 67211

Dan Birkle

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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