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Property Information Packet

625 N. Topeka Ave. Wichita, KS 67214

Multi-Property Auction

Holiday Inn (549 S. Rock Rd.)

THURSDAY, August 27, 2015 @ 5:00PM

Copyright 2015 McCurdy Auction, LLC

12041 E. 13th • Wichita, Kansas 67206

Phone 316.683.0612 • Fax 316.683.8822

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Table of Contents

PROPERTY DETAIL PAGE

SELLERS DISCLOSURE

LEAD BASED PAINT DISCLOSURE

WATER WELL ORDINANCE

GROUNDWATER ADDENDUM

HISTORIC INFORMATION

ZONING MAP

FLOOD ZONE MAP

PROPOSED FEMA FLOOD ZONE MAP 2016

AERIAL

PLAT MAP

GUIDE TO AUCTION COSTS

This Property is selling in its present condition and is accepted by the buyer(s) without any expressed

or implied warranties or representations from the seller(s) or his(her) agent(s). It is incumbent upon

the buyer(s) to exercise his(her) own due diligence prior to bidding on this property. It is the

responsibility of the prospective purchaser(s) to have any and all inspections completed prior to the

auction day including, but not limited to, roof, structure, termite, environmental, groundwater, survey,

encroachments, groundwater, flood designation, zoning designation, school zone designation,

existence of any code violations, drainage, presence of lead-based paint and/or lead-based paint

hazards, presence of radon, presence of asbestos, presence of mold, electrical, appliances, heating,

air conditioning, mechanical, plumbing (to include water well, septic or lagoon compliance), sex

offender registry information, flight patterns and any other desired inspections, if any. Information

given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s)®

/Auctioneer(s). Announcements made the day of the auction shall take precedence over anything

previously stated or printed. There will be a 10% Buyers Premium ($1000 minimum) added to the

high bid price to arrive at the final contract price.

ALL FIELDS CUSTOMIZABLEMLS # 507886County SedgwickClass Multi-FamilyProperty Type Apartment ComplexArea 416Address 625 N Topeka AveAddress 2City WichitaState KSZip 67214Status ActiveContingency ReasonAsking Price $0Sale/Rent AuctionOriginal Price $0Agent Hit Count 14Client Hit Count 11Associated Document Count 0Picture 24

GENERALStyle GardenApproximate Age 81+ YearsBasement Lower LevelExisting Finance NoneApprox. TFLA 9,213.00TFLA Source Court HouseNumber of Units 24On-Site Parking Spaces 0.00Year Built 1929# of Efficiency Units# of 1 Bedroom Units# of 2 Bedroom Units# of 3 Bedroom UnitsLot Size/SqFt 13,214Rent Per Unit-EfficiencyRent Per Unit - 1 BedroomRent Per Unit - 2 BedroomRent Per Unit - 3 BedroomVacancy Rate % 50.00School District Wichita School District (USD 259)Elementary School AbileneMiddle School MarshallHigh School NorthSubdivision JP HILTONS ADDITIONLegal

Sub-Agent Comm 0Buyer-Broker Comm 3Transact Broker Comm 3Variable Comm Non-VariableVirtual Tour Y/NUpdate Date 7/31/2015

DIRECTIONSMurdock & Topeka, South to Property

FEATURESEXTERIOR CONSTRUCTIONAll Brick

# OF STORIESTwo

ROOFGravel/Chat

AMENITIES / SAFETY FEAFire Alarm

FLOOD INSURANCEUnknown

UTILITIESNatural GasPublicSewer

OWNER PAID UTILITIESLawn MaintenanceTrashWater/Sewer

TENANT PAID UTILITIESElectric

BASEMENT USENone

BASEMENT FINISH PERNone

HEATINGOther/See Remarks

COOLINGNone

PARKINGStreet Parking

APPLIANCESOver/Range

POSSESSIONAt Closing

PROPOSED FINANCINGCash

TERMS OF TENANCYMonth to Month6 Months or Less

DOCUMENTS ON FILELead Paint

OWNERSHIPIndividual

SHOWING INSTRUCTIONSCall Showing #

LOCKBOXNone

TYPE OF LISTINGExcl Right w/o Reserve

AGENT TYPESellers Agent

FINANCIALAssumable Y/NGross Income $2,553.00General Taxes $2,627.55General Tax Year 2014Yearly Specials $174.96Total Specials $174.96HOA Y/N NoYearly HOA DuesHOA Initiation Fee 0.00Earnest $ Deposited With Security 1st Title

PUBLIC REMARKSPLEASE NOTE EARLIER AUCTION START TIME: 5:00 PM. THIS PROPERTY SELLING IN A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE ATHOLIDAY INN (549 S. ROCK RD.) AUCTION AUGUST 27TH AT 5:00 P.M. DOORS OPEN AT 4:00 P.M. FOR REGISTRATION, OR PRE-REGISTERONLINE. 24-Unit apartment complex. 13 units rented. Updated Broiler. Additional .14 acre lot included. Zoned multi-family.*Verify schools. This Property isoffered in its present condition and is accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or his(her)agent(s). It is incumbent upon the buyer(s) to exercise his(her) own due diligence, investigation, and use suitability, prior to bidding on this property. It is theresponsibility of the prospective purchaser(s) to have any and all inspections completed prior to the auction day including, but not limited to, roof, structure,termite, environmental, survey, encroachments, groundwater, flood designation, zoning designation, school zone designation, existence of any codeviolations, drainage, presence of lead-based paint and/or lead-based paint hazards, presence of radon, presence of asbestos, presence of mold, electrical,appliances, heating, air conditioning, mechanical, plumbing (to include water well, septic, or lagoon compliance) and any other desired inspections, if any.Information given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s) /Auctioneer(s). Announcements made the day ofthe auction shall take precedence over anything previously stated or printed. There will be a 10% Buyers Premium (minimum $1,000) added to the high bidprice to arrive at the final contract price. The earnest money amount due at the auction from the high bidder is $3,500.

AUCTIONType of Auction Sale ReserveMethod of Auction Live OnlyAuction Location 549 S. Rock RdAuction Offering Real Estate OnlyAuction Date 8/27/2015Auction Start Time 5:00 PMBroker Registration Req YesBroker Reg Deadline 5 PM Prior Business DayBuyer Premium Y/N YesPremium Amount 10.00Earnest Money Y/N YesEarnest Amount %/$ 3,500.00

1 - Open for Preview Yes1 - Open/Preview Date 8/23/20151 - Open Start Time 1:00 PM1 - Open End Time 5:00 PM2 - Open for Preview2 - Open/Preview Date2 - Open Start Time2 - Open End Time3 - Open for Preview3 - Open/Preview Date3 - Open Start Time3 - Open End Time

PERSONAL PROPERTY

ADDITIONAL PICTURES

DISCLAIMERThis information is not verified for authenticity or accuracy and is not guaranteed. You should independently verify the information before making a decisionto purchase. © Copyright 2015 South Central Kansas MLS, Inc. All rights reserved.

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GUIDE TO AUCTION COSTSTHE SELLER CAN EXPECT TO PAY

Half Owners Title Insurance Premium

Real Estate Commission (If Applicable)

Half of the Closing Fee

Advertising Costs

Payoff of Loans, Including Accured Interest,

Statement Fees, Reconveyance Fees and Any

Prepayment

Any Judgements, Tax Liens, Etc. Against The Seller

Recording Charges Required to Convey Clear Title

Any Unpaid Taxes and Tax Proation for the Current Year

Any Unpaid Homeowner Association Dues

Rent Deposits and Prorated Rents (If Applicable)

THE BUYER CAN GENERALLY EXPECT TO PAY10% Buyer’s Premium (If Applicable)

Half Owners Title Insurance Premium

Lender’s Title Policy Premiums (If Obtaining Financing)

Half of the Closing Fee

Document Preparation (If Applicable)

Notary Fees (If Applicable)

Recording Charges For All Documents in Buyer’s Name

Home Owners Association Transfer / Set Up Fee (If Applicable)

All New Loan Charges (If Obtaining Financing)

Homeownere’s Insurance Premium for First Year

All Pre-Paid Deposites for Taxes, Insurance, PMI, etc.

(If Applicable)

WHAT TO EXPECT

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