1629 S Richmond Ave – Wichita, KS Online Real Estate Auction
Bidding opens on Wednesday, September 23rd at 2:00pm CT
Bidding begins to close on Wednesday, September 30th at 6:30pm CT
1629 S Richmond Avenue – Wichita, KS 67213
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.
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Auctioneer
Berkshire Hathaway HomeServices PenFed Realty
1617 N Waterfront Parkway, Suite 110
Wichita, KS
67206
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