1306 Olive

Property Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, November 3rd, 2026 at 2:00 PM (ct) | BIDDING CLOSING: Wednesday, November 11th, 2026 at 2:45 PM (ct). Bidding will remain open on this property until 90 seconds have passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! Investment opportunity featuring 9 homes situated on one 0.52+/- acre lot. Built in 1940, each home offers approximately 528 sq. ft. of living space with a 1-bedroom, 1-bathroom layout. Currently, 6 of the 9 homes are rented, generating a reported gross income of $24,960 annually, or $2,080 monthly. Each home features a living room, formal dining room, kitchen, and hardwood floors. All appliances present transfer with the sale. With multiple homes on one property, this offering provides investors the opportunity to expand their rental portfolio and explore the potential of the existing rental income. Several occupied units are currently rented on a month-to-month basis, providing flexibility tenancy. 1304 Olive is currently rented for $375/month on a month-to-month basis. 1306 Olive is currently rented for $375/month month-to-month basis. 1308 Olive is currently rented for $375/month on a month-to-month basis. 1310, 1312, 1314 Olive are all currently vacant. 202 Michigan is currently rented for $250/month on a month-to-month basis. 204 Michigan is currently rented for $375/month on a month-to-month basis. 206 Michigan is currently rented for $330/month on a month-to-month basis. Whether you're an experienced investor or looking to add multiple rental units to your portfolio, this property offers an opportunity to acquire 9 homes in one location. Selling to the highest bidder, regardless of price! *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 cash, check, or immediately available, certified funds in the amount of $15,000. The seller has indicated that the additional payments paid by the tenants on their monthly rent to be put towards their security deposit were not made. There is no security deposit being held by the seller to be transferred to the buyer at closing. A member of the selling entity is a licensed real estate agent in the State of Kansas. Per the seller, a water leak has been identified on the main line coming into the house at 1304 Olive and has not yet been fixed.