Real Estate Auction

Auctioneer’s Note: 2 for 1 special! Great investment opportunity with these side by side properties. Both are two-story homes converted to 3 apartments.  There’s also a garlow behind 1111 that can be leased as well for a total of 7 units.  Parking in rear off alley. 1111 is separately metered.

1111 SW Lincoln:
3 BR apartment has rented for $700 with utilities.
Apt C has rented for $500 with utilities
Garlow currently rented for $350 with tennant paying utilities.

1109 SW Lincoln:
Main apartment has rented for $600 with utilities.
Apt C, a 2 BR apartment has rented for $500 with utilities.
Second floor studio apartment has rented for $400 with utilities.

REALTORS® welcome! 1% coop. For all showings, please call ShowingTime at 1-800-SHOWING (1-800-746-9464) or call Darrell E. Simnitt 785-231-0374.

Legal Description: W H BROOKS JR 2ND (BONA) , Lot 367 + , LINCOLN ST LOT 367-N1/2 LOT 369 BRO OKS 2ND BONAVENTURE ADD SECTION 36 TOWNSHIP 11 RANGE 15  and W H BROOKS JR 2ND (BONA) , Lot 369 + , LINCOLN ST S1/2 LOT 369-ALL 371 BRO OKS 2ND -BONAVENTURE ADD- SECTION 36 TOWNSHIP 11 RANGE 15.

Property ID: 0973604016026000 & 0973604016025000

Zoning: R2-Single Family Dwelling District

Taxes: $578.72 (1109) + $800.98 (1111) = $1379.70

Lot Size:  1109: 38′ X 150  per county; 1111: 38′ X 150′

Year Built: 1920 Estimated per county

Square Footage: 1109: 2,072 sq ft; 1111: 1,957 sq ft.

Shawnee County Appraised Value: 1109: $34,000; 1111: $46,100

Listing Company: Countrywide Realty, Inc.

Terms and Conditions of Auction: The property will sell in its present existing condition with all faults and without warranties provided by the seller or REALTOR/Auctioneers whatsoever. The property will sell for cash. $3,000 or 10% of the contract price (whichever is greater) down the day of auction with the remainder due upon delivery of the deed and marketable title. Purchaser to arrange for their own financing. The sale is not subject to any inspections or financing that might be required by the high bidder’s lender. All costs for high bidder’s loan will be the responsibility of the high bidder and not the seller. Real estate taxes to be prorated to the day of closing. The seller reserves the right to refuse the last high bid. A Transaction Fee of $150.00, to be shared equally between the Seller and Buyer, shall be paid to Countrywide Realty, Inc. at the time of closing.  The Seller and Buyer further agree that any closing fee charged by a closing agent, settlement agent or escrow agent involved in the closing of this transaction, shall be paid by the Buyer. Each and every bidder is urged to inspect the property before submitting a bid on the property. All Prospective Bidders: The property will sell in its present condition “as is” “where is” without warranties, guarantees or inspections provided by the seller or REALTOR/Auctioneers whatsoever. All prospective bidders are urged to inspect the property and have any and all inspections completed (at your expense) prior to auction day. Bidders you are urged to review all documents on file with the city, county, state of Kansas, and title reports prior to auction day. All information is provided by others and is deemed reliable but not guaranteed by REALTOR®/Auctioneers. The high bidder accepts the property in its present condition without any inspections provided by the seller or REALTOR®/Auctioneers such as EPA, lead base paint, surveys, structural, mechanical, electrical, plumbing, (septic where applicable), mold mildew, moisture damage, termite damage, EIFS, or code enforcement violations of applicable governing body. Bidders, you should have completed these inspections prior to auction day to your satisfaction. Bidders, you should have completed your risk assessment inspection for the presence of lead base paint within 10 days prior to auction day on homes constructed prior to 1978. Purchaser agrees to sign a waiver to conduct a lead based paint inspection at the time of signing the real estate contract.  (Contact auctioneers with  questions concerning lead base paint.) The seller and REALTOR®/Auctioneers make no other representation or warranties expressed or implied with respect to the compliance with the accessibility laws or the environmental condition of the premises and the surrounding properties. The property will be sold subject to restrictions, reservations, easements, assessment community contracts, and zoning orders. Bidders should satisfy themselves with respect to all issues which you deem material to the transaction. Statements made the day of auction takes precedence over anything printed or stated prior to auction day. Seller(s) and/or REALTOR®/Auctioneers are not responsible for accidents or theft. Real Estate Licensees: A commission of 1% of the selling price will be paid at the time of closing to any real estate licensee representing a buyer on the day of the auction. However, said real estate licensee must have registered said buyer in writing or Online 24 hours before the day auction with Darrell Simnitt of Countrywide Realty, Inc. and be with said buyer the at the auction. Seller will not offer sub-agency to any real estate licensee. All real estate licensees will represent the interests of the buyer and not the interests of the seller. Realtor/Auctioneers represent the seller and are agents of the seller. Real Estate Buyer Represtatives Click HERE to register buyer(s).