644 S Kansas Ct.

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 SEPTEMBER 26th, 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. NO MINIMUM, NO RESERVE!!! HIGH BIDDER'S CHOICE!!!Here is a great investment opportunity to add to your portfolio! This all-brick quadplex offers (4) 1-bedroom, 1-bathroom units with covered front entries, off-street parking, and storage space in the basement. This property is selling to the highest bidderregardless of price! The tenants areresponsible for gas and electricity. The stove and refrigerator will transferwith each unit. The total monthly income is $1,375 with room for improvement! 644 S. Kansas Ct - Rented for $450 per month until 9/30/2024 with a $350 security deposit. 646S. Kansas Ct - Rented for $375per month on a month-to-month basiswith a $300 security deposit. 648S. Kansas Ct - Rented for $150 per month with no security deposit. No lease is available.This unit will be vacant prior to closing 650S. Kansas Ct - Rented for $400per month on a month-to-month basis with a $300 security deposit. All of the properties have had substantial quality upgrades in recent years including new heritage-style roofs, central heating and air, newer replacement windows, updated plumbing & electrical including new exterior meters, updated kitchens, bathrooms, flooring, and paint. This building also has a newer sewer line. This multi-family assemble provides a rare investment opportunity. This quadplexis being offered highbidder's choice with 652 & 660 S. Kansas Ct. *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 ($1,500.00 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 of Buyer's Choice: $10,000earnest money deposit at the time of contracting with a closing on or before 30days from the date of sale. $15,000 earnest money deposit at the time of contracting with a closing on or before 45 days from the date of sale. The lease for 646 shows an address of 656. Per the seller, the tenant moved units and the lease was never updated. There is no lease or security deposit for the tenant in648S. Kansas Ct, but it will be vacant prior to closing.