Auction
  • Price Unknown

    1216 E Selma St APT 1, Wichita, KS 67216

    8beds
    --baths
    6,202sqft
    Four to Sixplex
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    Overview

    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 quadplexes in South Wichita! These properties include 2-bedroom,1-bathroom units. 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 transfers with the sale. There are two bedrooms and a full bathroom with a tub/shower combo, completing the main floor. Each basement has a finished family room with fireplace, storage/laundry room, and an unfinished room which has an egress window, providing the opportunity to add a third bedroom! Some units have updated LVP on the main floor.  1216-1: 2-BR, 1-BA rented for $1050/month, expiring 02/28/2026 1216-2: 2-BR, 1-BA rented for $875/month, expiring 07/31/2026  1216-3: 2-BR, 1-BA rented for $875/month, expiring 04/30/2026 1216-4: 2-BR, 1-BA rented for $850/month, on a month-to-month basis 1216 E. Selma St. currently has a monthly income of $3,650 - that's an annual income of $43,800! This property is selling High Bidder's Choice with 1206, 1224, 1302, & 1314 E. Selma St. *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.
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