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Absolute Real Estate Auction

August 13, 2014, 6:30PM

TWIN OAK APARTMENTS 719 SW TOPEKA BLVD., TOPEKA, KS. Seller Says Sell!!!Great Income Potential - Central Location with over 60% occupancy - To be SOLD at Public Auction – Well maintained, 19 unit Apartment complex - General Description: Originally built as an apartment building, not a conversion! 19 unit complex, (1) 2 bedroom, (9) 1 bedroom & (9) studio PLUS. Separate electric meters, onsite laundry – 8 off street parking spaces - each unit MAY feature: stove, refrigerator, heat/air unit, updated mechanical, onsite storage and much more. Square footage: 14,792; 2013 Tax: $4,531.23; Year Built: 1930; 2014 Shawnee County Appraised Value: $277,110.00 June 2014 Gross Rents: $3,854


TWIN OAK APARTMENTS

719 SW TOPEKA BLVD., TOPEKA, KS.

Seller Says Sell!!!Great Income Potential - Central Location with over 60% occupancy - To be SOLD at Public Auction – Well maintained, 19 unit Apartment complex - General Description: Originally built as an apartment building, not a conversion! 19 unit complex, (1) 2 bedroom, (9) 1 bedroom & (9) studio PLUS. Separate electric meters, onsite laundry – 8 off street parking spaces - each unit MAY feature: stove, refrigerator, heat/air unit, updated mechanical, onsite storage and much more. Square footage: 14,792; 2013 Tax: $4,531.23; Year Built: 1930; 2014 Shawnee County Appraised Value: $277,110.00 June 2014 Gross Rents: $3,854

Terms, Conditions & Financing: $10,000.00 down, the day of the auction as earnest money, balance due on delivery of deed & marketable title. A Buyers Premium of five percent (5%) will be added to the final gavel price to determine final contract price. Purchaser is to arrange for financing. Buyers and Sellers to split closing costs on a 50/50 basis, including title insurance. Property is selling “as is, where is” subject to restrictions, reservations, easements or zoning orders if any now existing against said property. Purchasers are urged to have and all inspections made on the properties prior to the auction. Closing within 30 days. All information is from sources deemed reliable, but not guaranteed.

Realtor Participation: A commission of 2.5% will be paid to any real estate licensee, representing the buyer the day of auction. The Real Estate licensee must register said buyer with Kull Auction & Real Estate Co.Inc. This registration must be in writing and submitted to Kull Auction & Real Estate, 24 hours prior the Auction, No exceptions! Licensee must accompany buyer to the auction. Seller will not offer sub-agency to any real estate licensee. All real estate licensees will represent the interests of the buyer and not the interests of the seller. Auctioneer/Broker is agent for the seller.

Open For Inspection: Wednesday, July 30th, 5:00-7:00 or by appointment