1206 E Selma

Description

THIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 10:00 AM ON SATURDAY, DECEMBER 13TH, 2025. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT'S WEBSITE Property is selling with clear title at closing and no back taxes. Property previews available. A great opportunity to own quadplexesin south Wichita! These properties include 3-bedroom units with 1- & 2-bathrooms. The property is constructed with permanent vinyl siding,brick front,and offers a covered front entry and paved, off-street parking. The main floor opens to the living room/dining room space with vaulted ceilings and terrific natural light. The kitchen offers functionality and convenience and includes a refrigerator, range/oven, and dishwasher, each of which transferswith the sale.There are two bedrooms and a full bathroom with a tub/shower combo, completing the main floor. The finished basement offers a family/rec room with a fireplace, a third bedroom, storage/laundry, and in some units, a second bathroom. 1206-1: 3-BR, 1-BA rented for $950/month, expiring 02/28/2026 1206-2: 3-BR, 2-BA rented for $1,025/month, expiring 07/31/2026 1206-3: 3-BR, 1-BA rented for $790/month, expiring 12/31/2025 1206-4: 3-BR, 1-BA rented for $925/month, expiring 04/30/2026 1206 E. Selma St. currently has a monthly income of $3,690 - that's an annual income of $44,280! This property is selling High Bidder's Choice with 1216, 1224, 1302, & 1314 E. Selma St. Buyer's choice for earnest money: $20,000 for a 30-day closing, $30,000 for a 45-day closing. Seller is a licensed real estate agent in the State of Kansas. *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 ($2,500.00 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 check or immediately available, certified funds in the amount $20,000 for a 30-day closing, $30,000 for a 45-day closing.