Bunkhouse Suites
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Start Time:5/6/2024 1:00:00 PM
End Time:5/8/2024 7:00:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$250,000.00
Bid Increment:$10,000.00
Current Bid:$0.00

Great Multi-Family Complex!  Extremely well kept and in perfect condition for immediate income generation!  Either monthly rentals or AirBNB model will work successfully!

Legal Description:  524 South 9th Street, Kiowa, KS 67070

Direction to Property:  524 South 9th Street, Kiowa, KS 67070

3 - 1 Bedroom Units

2 - 2 Bedroom Units

1 - 3 Bedroom Owner’s Suite

Property has been cared for and well kept with all units is fantastic shape and ready for occupancy.  All mechanicals are in good working condition and updated.  Each unit has separate gas and electrical meters.

Rental Information:  Last 3 years of profit and loss statements are available upon request to: brockt@kw.com

Real Estate Taxes:  2023 Real Estate taxes were $2644.76.

 

 

Agency:  KW Partners and KW Land Pros Group and their representatives are acting as agents of the Sellers.

Bidding: Each bid increment will be a minimum of $10,000 per bid.

Approval of Bids:  Final bid is subject to reserve sales price being met.  Auction Company and Auctioneer reserve the right to reject any bids deemed questionable.

Sale Method:  All bids are open for advancement until the highest bid is achieved and the auction company announces that bidding is closed.  A two minute "soft close" will be utilized so any bid submitted in the final two minutes of the regular auction will cause the auction to be extended for as long as bidding is active.  The bidding will end once there are no bids submitted for two minutes during the "soft close" period.

Earnest Money:  A 10% earnest money deposit will be required from the successful bidder when the bidding concludes and a real estate contract is executed.  Payment may be in the form of a personal check, company check or wired funds.  Funds will be deposited with 

Closing Agent:  Slamal and Swayden of Medicine Lodge, KS or a closing agent of the buyer’s choice.

Contract & Title:  Immediately upon conclusion of the auction, the successful high bidder will enter into a real estate contract via an electronic or faxed copy and will deposit the required earnest money with the closing agent stated above.  Buyer agrees that an electronic or faxed signature is considered as authentic. The cost of title insurance and escrow services will be split equally between buyer and seller at closing.

Financing:  THIS IS A CASH SALE ONLY AND IS NOT SUBJECT TO BUYER FINANCIING.

Possession:  Possession will be upon successful closing.  Buyer will honor current reservation book through December 31, 2024.

Closing Date: June 28, 2024 is the anticipated closing date which is subject to change only by agreement of both parties.  The balance of the purchase price will be payable at closing with cashier's check or wired funds at the discretion of closing agent listed above.

Conditions:  The property is being sold "AS IS/WHERE IS" with no guaranties or warranties, either expressed or implied by the Seller(s), or KW Partners or KW Land Pros Group.  Property is selling subject to all easements, covenants, restrictions of record and leases.  Bidders are responsible for conducting their own due diligence including but not limited to property inspections and inquiries concerning the property.

Announcements:  Information contained herein is deemed reliable from other sources but the auction company nor Seller(s) make any guarantees or warranties as to its accuracy.  All bidders are encouraged to inspect the property and conduct their own due diligence and rely on their own conclusions prior to bidding. Any and all announcements by the auction company prior to the conclusion of auction take precedence or any previously printed or verbal statements.  The auction company reserves the right to preclude any person or persons from bidding if there is any question as to the person's credentials or fitness to bid. The auction company is not responsible for any bidder(s) technical issues or failure of internet service.

Seller(s): Bunkhouse Suites, LLC

 

 

524 South 9th St.
Kiowa, Kansas 67070
United States
Phone: (620) 886-0576

There are no bids for the lot at this time

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