716 Drumm
Lot Number:1
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Start Time:4/17/2024 1:00:00 PM
End Time:5/29/2024 7:00:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$90,000.00
Bid Increment:$1,000.00
Current Bid:$0.00

Excellent Investment Opportunity!  Fully Occupied with solid renters!

Well maintained and excellent construction!

3 - 2 bedrooom/1 bath units of 910 square feet each all with central heat and air!

2023 taxes $1232.52

BID NOW!
Soft close is May 29th @ 2 pm!

Great Investment Opportunities for 3 potential rental properties and/or 2 starter homes!

Excellent properties with solid construction!

716 Drumm is a 3 unit multi-family property and fully occupied!

419 South 5th is move in ready!

802 Main is a great older property on a corner lot with great bones, just needs TLC!

 

 

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

Bidding: Bidding will be by “total dollars per property” with a minimum of $1000 per bid advancement.

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:  Properties will be sold as individual tracts and not combined.  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.  Tracts/Lots 2 and 3 will each close 30 seconds after Tract/Lot 1.  Bids in the “soft close” period will extend the bidding of all tracts/lots.  The bidding will end once there are no bids submitted for two minutes during the "soft close" period on all tracts/lots.

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 & Swayden, Inc of Medicine Lodge, Kansas 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.

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.  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): Sunflower Associates, LLC

 

 

716 Drumm
Kiowa, Kansas 67070
United States
Contact: Brock Thurman
Phone: (620) 886-0576

There are no bids for the lot at this time

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