Up for auction is a 5-unit apartment building in Detroit, Michigan. This building was occupied 2-3 years ago, but there was a fire and the building is now vacant. This property will need a full rehab.
According to Trulia, the building has 5 bathrooms, is 2,880 square feet, and sits on a 3,920 square foot lot. According to public record, the property last sold on 4/1/83 for $35,000. Buyer should verify all property info.
Address: 12930 Grover, Detroit, MI 48205
PIN (parcel number): 21016679.
Legal Description: S TROESTER 57 SEYMOUR & TROESTERS MONTCLAIR HEIGHTS SUB L35 P41 PLATS, W C R 21/445 30.63 IRREG
Property Condition/Info: We purchased this property as a foreclosure and have never visited the property. The only information that we have is from public record information and photos taken by our local photographer. Sorry, but we don't know anything more about the property than the info in this auction!
Status of title: Property is sold via quitclaim deed with as-is title. There are several years of back taxes on this property. Buyer to assume any liens, back taxes, or open utility bills, so do your research before you bid!
IMPORTANT NOTE: PLEASE READ THIS CAREFULLY BEFORE YOU BID. The county has begun the tax foreclosure process on this property and buyer will need to pay outstanding taxes. The county may allow buyer to get on payment plan. We will fast-track the deed recording for the buyer. Please make sure you confirm impending tax deadlines and balance with the county BEFORE you bid on this property. CLICK HERE to contact the Wayne County Treasurer.
The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyer is purchasing this property via a quitclaim deed and will assume any liens, encumbrances, and/or back taxes. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed. 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. Remember that this auction is a legally binding contract and by placing a bid, you the buyer are acknowledging that you have done satisfactory due diligence and agree to purchase the property.
This is a cash sale and full balance is due within 4 calendar days from auction's close. Buyer to pay buyer's premium of 10% with a $100 minimum and closing costs of $500, which includes deed preparation, recording fees, and transfer taxes. Seller handle the entire deed recording process and will convey property via quitclaim deed with as-is title.
Thanks for looking and good luck with your investments.
