5317 Chalmers, Detroit, MI
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$1 NO RESERVE!

***STUNNING BRICK BUNGALOW***

ARE YOU KIDDING ME?!

WOW!

**RIGHT BY THE LAKE**

4 BED 2 BATH 1,814 SQFT!!!

BEAUTIFUL NEIGHBORHOOD!

VERY NICE AREA AND HIGHLY

DESIRABLE ZIP CODE!

DETROIT HOME PRICES ARE

SKYROCKETING!!!

**BREAKING NEWS** DETROIT'S

UNEMPLOYMENT RATE IS AT ITS

LOWEST LEVEL SINCE DEC. 2010!!

WATCH THE NEW VIDEOS BELOW!

DON'T PASS THIS ONE UP!!

TAKE ADVANTAGE OF THIS OPPORTUNITY RIGHT NOW BECAUSE IT WON'T BE HERE MUCH LONGER!
    Item Description
 
pic3 5317 Chalmers Street
Detroit, MI 48215

* 4 Bedrooms
* 2 Bath
* 1,814 Sq. Ft.
* Lot Size - .14 Acres
* Single Family
* Year Built - 1941
* Parcel # - 21055958

There are no property taxes owed prior to 2013. There are no mortgages or liens that we are aware of! The 2013 property taxes must be paid by May 26th 2015 to avoid tax foreclosure.

NEW SQUATTER LAWS PASSED!!

A few months ago they passed new squatter laws that passed. Now the landlord or owner does not have to go through an eviction to get squatters out. Property owners battling squatters had to go to court to get the unwanted tenants out. The process could take months and a lot of money. Now, the laws are changing. Squatters are being warned. It's time to go!

You can show up and tell them they have to go. You can change the locks and start moving their stuff out on the spot. You can even call the police and they will come and arrest them. Check out this latest news article and see for yourself!

WHY INVEST IN DETROIT?

 

 

Whether you're an experienced investor or a real estate rookie, see why the media and analysts are raving about Detroit real estate.

  • "MICHIGAN'S UNEMPLOYMENT RATE IS AT ITS LOWEST LEVEL SINCE APRIL 2006!" More than 303,000 private sector jobs have been created since December 2010. [Reinventing Michigan December 17, 2014]
  • Own a piece of the Comeback City that is being called the "Hottest U.S. Housing Market 2013" by the editor of Investorplace.com, and ranked "2ND BEST CITY TO BUY RENTAL PROPERTY" [CNN Money]
  • DONALD TRUMP sees Detroit as a Good Investment. [May 1, 2013]
  • Detroit's year-over-year increase was at 17.28%, about 4% higher than the national average and part of the group of high performing cities that have positively impaced the national average. In the real estate industry, Detroit receives recognition for many aspects of its market, such as the drastic increase in home prices over the last few years, reduction of foreclosures, and the tremendous renovations on a residential, commercial, and municipal level. [Case-Shiller Home Price Index November 2013]

 

    Estimated Values

The Estimated Value from Homesnap.com is Currently $75,100.00!

The Estimated Value from Homes.com is Currently $73,000.00!

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There are so many possibilities! By purchasing at such a low price, you have many options available to you, such as:

  • Flip it for quick cash to another investor!
  • Flip it for quick cash to a local handyman!
  • Renovate it and rent it out for cashflow!
    Cash Flow

*The Estimated Rent for this property is

$850.00!

IF YOU ARE LOOKING TO REHAB AND RENT THIS PROPERTY, HERE IS AN EXAMPLE OF THE CASH FLOW YOU COULD POTENTIALLY MAKE:  PLEASE NOTE, THESE ARE ESTIMATED FIGURES AND IN NO WAY REPRESENT THIS ACTUAL PROPERTY.

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    Closing Details
 

Once the auction has closed, we will email the winning bidder with instructions for payment and deed information right after the auction ends and payment must be submitted within 48 hours.  We accept wire transfer or certified check. Once payment is received in full, we will start the deeding process and send you a copy. Once the deed is drafted, processed, and recorded, we will mail you the original. This process only takes a few weeks. You do not have to record the deed yourself. The winning bid is for the FULL PURCHASE PRICE, not a down payment.

FIX IT UP AND RENT IT OUT FOR MONTHLY CASHFLOW.

 
    Payment Details
 

DO NOT BID UNLESS YOU HAVE THE FUNDS TO CLOSE!!!

This is a CASH sale of the full purchase price of this home. Buyer agrees to accept this property in its current as-is condition. Any potential purchaser should do his or her own due diligence PRIOR to bidding. We have limited knowledge about the property's condition. The pictures that are shown in the listing are sometimes taken from public records and online and may not be up to date. We cannot guarantee the condition of the property as shown.

You will need to include $495.00 to the winning amount to cover the preparation and drafting of the deed and documents for this sale, and also a 10% Buyers Premium ($100 minimum) to cover the cost of this auction. A Quit Claim Deed will be issued to the buyer.

TOTAL DUE = BID AMOUNT + 10% of the Winning Bid + $495 DEED FEE

 
    Additional Information
 

pic1IF NO PAYMENT IS RECEIVED WITHIN 48 HRS, BIDDER WILL BE CONSIDERED A NPB (Non-Paying Bidder) AND WILL BE REPORTED TO BID4ASSETS, ALONG WITH MEDIATION. PAYMENT MUST BE RECEIVED WITHIN 48 HOURS AFTER CLOSE OF THE AUCTION.

These properties are for sale in "AS-IS, WHERE-IS" condition at the time of closing, including any hidden defects of any nature, liens, judgements, delinquent taxes, water bills, known or unknown, with no representations, warranties or guarantees whatsoever, expressed or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statements anywhere, whether expressed or implied, shall be deemed a warranty or representation by the Seller regarding the asset. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All buyers are deemed to have relied entirely on their own information, judgments, and inspections of the assets in making the decision to purchase the asset.