Upcoming Auction 5935 S. Broadway Wichita, KS 67216
Attention all real estate investors and entrepreneurs! An incredible opportunity awaits you in the Crossgate District of South Wichita. This is your chance to acquire a lucrative income-producing turnkey mobile home park.
Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction.
Address:5935 South Broadway, Wichita, KS 67216, USA View on Map
Starting Bid $60,000* Subject to Prior Sale
Details:Auction is subject to prior sale.
Conveniently situated near highway access (Hwy 81 & I-35), this property ensures seamless travel for both residents and potential tenants. Its prime location near Haysville, Derby, and the bustling intersection of 47th Street South and S. Broadway makes it highly desirable and easily accessible.
The income potential of this property is further enhanced by the availability of a few vacant lots, offering room for expansion and the addition of new tenants. Additionally, the property boasts a revenue-generating 841 SF concrete block construction building. It features an open gathering space, two bathrooms, and a parking lot, currently leased until 4/30/2025.
Mobile home parks in the Crossgate District have consistently demonstrated their allure to investors, delivering reliable returns. With the ever-growing demand for affordable housing options, this auction presents a unique chance to acquire a valuable asset in a thriving neighborhood. Act promptly to secure your future in the flourishing mobile home park industry. This turnkey opportunity comes with reliable property management already in place and a solid tenant base. To top it off, new water main lines were installed in 2020, ensuring efficient utility services.
Don’t delay – schedule a viewing today and take the first step toward a rewarding business opportunity.
Bidding Begins: July 18, 2023 at $60,000.
Bidding Ends: February 27th, 2023 at 2:00 PM
Property Type: LOTS 8 EXC E 33.5 FT FOR ST. VANDALE ANNEX,
LOT 9 EXC E 33.5 FT FOR ST. VANDALE ANNEX,
LOTS 18 & 19 VANDALE ANNEX, Wichita, Sedgwick County, Kansas
Square Footage: 684,763.2
Broker Co-Op: Yes
Buyers Premium: Total purchase price will include a 10% Buyer’s Premium or $4,000/minimum, whichever is greater will be added to the final bid.
Earnest Money: Earnest money of $15,000 is non-refundable and purchase contract is not contingent on financing and is due in the form of a personal, business or cashier’s check or by wire the day after the auction end and will be applied to purchase at closing. Earnest money deposits are non-refundable. Your bidding is not conditional on financing.
Closing: On or before 8/28/2023 at Kansas Secured Title, 10616 Maple St, #700, Wichita, KS
Broker Registration: A 3% commission will be paid to qualified, licensed Kansas real estate brokers whose prospects are the successful bidders at the auction at close on the property. Broker’s Registration Form must be received before Buyer bids and by 24 hours before the last day of auction. No exceptions. See Broker Registration Form for more details.