#1 • 1629 S Richmond Ave

Part of 1629 S Richmond Ave (timed auction by Berkshire Hathaway HomeServices PenFed Realty)

Location: Wichita, KS

High bid $73,500.00

Status: Sold

High-Yield Investment Opportunity in SW Wichita – 2 Bed / 1 Bath Home 1629 S. Richmond Ave, Wichita Online Only Auction: Bidding Begins: Wed, Sept. 23rd @ 2:00 PM Bidding Concludes: Wed, Sept 30th @ 6:30 PM Looking to add a reliable cash-flowing asset to your rental portfolio or jump into your next project? Don't miss this high-upside investment opportunity at 1629 S Richmond Ave in Wichita's Stanley-Aley neighborhood! Proven Income Potential: According to Rentometer, average area rent for comparable 2-bedroom homes is $925/month ($11,100 gross annual income)—offering double-digit gross yield potential for buy-and-hold investors. Built in 1930, this 864 sq. ft. single-family home sits on a generous 0.16-acre lot (6,970 sq. ft.) featuring a fully fenced backyard with a storage shed. Equipped with central heating and air, off-street parking, and main-floor washer/dryer hookups, this property combines low overhead with low immediate capital expenditure requirements. Beds/Baths: 2 Bed / 1 Bath Living Area: 864 Sq. Ft. Lot Size: 6,970 Sq. Ft. | Fenced Backyard + Storage Shed Market Rent: $925/mo Average Rentometer Comps Mechanicals: Central Heating & A/C, Washer/Dryer Hookups Location: Wichita USD 259 School District | Fast access to S Seneca St & W Pawnee St THIS PROPERTY IS BEING OFFERED VIA ONLINE AUCTION: Bidding concludes Wed, Sept 30th @ 6:30 pm.  TOTAL PURCHASE PRICE WILL INCLUDE A 10% BUYER’S PREMIUM OF THE FINAL WINNING BID, ADDED TO THE FINAL BID TO DETERMINE THE FINAL CONTRACT PRICE.  This is a Reserve Auction.   All information deemed reliable but not guaranteed. Verify school information. The property is being sold "AS-IS, WHERE-IS" and without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations and due diligence concerning the described property. It is the buyer’s responsibility to have any and all desired inspections completed prior to bidding. Descriptions are believed to be accurate but are not guaranteed. All announcements made the day of sale supersede any and all printed material. The seller is offering no other terms or contingencies. You're encouraged to seek financing, just understand your bidding is not contingent on financing or inspections. A non-refundable deposit of $2,500 is due the day of auction and upon the execution of the purchase agreement. Deposit may be in the form of a Cashier's Check, Personal Check, ACH Deposit or Cash.