sells on site,

Then we’ll move to location # 2

GENERAL DESCRIPTION: This is an up/down 2 unit apartment house. Each apartment has 2 bedrooms, 1 bath. There are separate gas & electric meters for each apartment, water is combined. Downstairs apartment has floor furnace heat, upstairs has wall furnace heat. Property needs a little work but lots of potential for the right buyer.

TAXES: $367.58 (2007)

Location 2:  114 North 5th, Arkansas City, KS

Sells on site immediately after property listed above, approx 6:30

GENERAL DESCRIPTION: This is a 3 unit apartment house; there is a 2 bedroom, 1 bath upstairs. The downstairs has a 2 bedroom 1 bath plus a 1 bedroom 1 bath studio apartment. All apartments are separately metered and all have central heat & A/C. This property is located within easy walking distance to the College and central business district. Property needs a little TLC but could be a real money maker.

TAXES: $626.50 (2007)

TERMS: $1000.00 earnest money on each property at time of auction, balance in full at closing on or before June 16, 2008. Barbour Title Co. will provide a Title Insurance Policy and will act as the closing & escrow agent, costs to be shared equally between Buyer & Seller.


 

NOTE: Seller would consider a contract for deed to a qualified buyer. Contract for deed arrangements must be made prior to date of auction. Contact auctioneer for more information.

PROPERTY CONDITION REPORT: Every effort has been made by the Seller and Auctioneer to disclose any and all known defects, however these properties are being sold “as is, where is” without warranty, either expressed or implied, only good title is guaranteed. All interested parties should satisfy themselves as to property condition, boundaries & etc. and are encouraged to conduct any inspections desired prior to date of auction. The purchaser will have had ample opportunity to inspect these properties prior to the auction and accepts the property in their present condition.

AGENCY DISCLOSURE: Auctioneer and his agents will be acting as an “Agent of the Seller”
Seller is a licensed Real Estate Broker

OPEN HOUSE FROM  1 TO 3, SUNDAY, MAY 11 or CONTACT AUCTIONEER TO VIEW