1002 E MACARTHUR RD Wichita, KS 67216

Property offered at ONLINE ONLY auction. BIDDING OPENS: Thursday, September 8th, 2022 at 2 PM (cst) | BIDDING CLOSING: Thursday, September 29th, 2022 at 2 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! This 50+-year-old storage business occupies the 1,620-square-foot commercial building in a terrific location on 2+ acres right off MacArthur Road in South Wichita! The building was also a former residence, offering the option of an onsite live-in business. High traffic count Zoned GC General Commercial  Immediate income of $4216.66 per month totaling $50,600 annually!  The majority of the units are rented monthly, some annually This includes then billboard payment of $500/month with an escalation clause Security system, monitors, cameras, and hardware remain. Cheney Door security system Buyer is responsible for monthly security system payments Currently running remotely on a phone app, but with updated technology can be run from a computer system Create custom codes directly on the keypad Over 100 vehicle storage spots and over 40 storage sheds Teller booth with bulletproof glass for quick and secure payments 2+ bedrooms, 1.5 bathroom residence Full kitchen Wood burning fireplace Third bedroom can function as an office Bonus room Unfinished basement Two owner-occupied detached garages Per seller, a new roof on 3-car garage in 2021 No Specials!  This is a fantastic opportunity with an incomparable location! Property is currently on a septic tank. Any future requirement for drainage repair or to hook on to the city sewer will be the responsibility of the buyer.  *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 ($1,500.00 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 cash, check, or immediately available, certified funds in the amount $20,000.