906 N Spaulding

Description

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 10:00 AM ON DECEMBER 13TH, 2025. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT'S WEBSITE Property is selling with clear title at closing and no back taxes. Property previews available. Welcome to this quadplex located in the highly desirable Riverside area, positioned right along the scenic Little Arkansas River. Each unit offers 1 bedroom and 1 bathroom, making this a fantastic investment opportunity with strong rental potential. A covered front porch provides a welcoming entry, and inside you'll find charming features such as hardwood floors and fireplaces in select units, adding warmth and character. One unit is currently rented for $250/month on a 6-month lease, offering immediate income for the next owner. Whether you're looking to expand your investment portfolio or begin one, this Riverside quadplex is a rare opportunity. Don't miss your chance to own a multi-unit property in one of Wichita's most sought-after neighborhoods! The two upper level apartments are currently occupied. Seller does not have any information regarding amount of rent paid or terms of any lease as Seller received the property as a result of a sheriff sale and foreclosure.No damage deposit will transfer to buyer at closing. Appropriate eviction notices have been provided to the two (2) upper level apartments. The lower level apartments are vacant. There is a tenant residing in the basement. Rent is $250.00 per month plus tenant pays for electricity. The lease is a 6 month lease and will transfer to the buyer. Any personal property that is not owned by the tenants vacating or the tenant in the basement remaining in the property at closing will be considered abandoned property and transfer to the buyer. Due to recent storm damage, seller had an insurance claim done with Arch Insurance. Seller agrees to transfer net proceeds from claims to buyers at closing. Seller will also cooperate with buyer to obtain any recoverable depreciation. Seller will not replace the roof but only provide net proceeds. *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 check or immediately available, certified funds in the amount $15,000.