Detroit, MI | Nice 2 Bedroom Rental | Absolutely NO Back Taxes!
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18451 Stout St Detroit, MI

No Back Taxes!

No Outstanding Mortgages!

Current Value: $50,109 (ViewMyListing.com)

Sold for $10,500 Last Year! (Zillow.com)

Visit Our Photo Album: Here

All Interior Photos Taken: 11/26/2012

Rental Income Estimate: $600 - $700 Monthly (Rentometer.com)

Nice 2 BR Rental home with front porch & garage. Great curb appeal! Close proximity to schools, businesses and shopping malls.

Number of Bedrooms: 2

Number of Bathrooms: 2

Year Built: 1939


Comparable Detroit Homes for Sale:

18900 Stout St - Listed for $18,900

16741 Stout St - Listed for $28,900


Why Invest in Detroit?

Prices are at an ALL TIME LOW!

CNN Money says “It Is Time to Buy Rental Property in Detroit”

  • Detroit is named number two on a list of the best cities to buy rental property in
  • Median rent payments are up over 5% in the past 12 months

Forbes: Detroit Real Estate: Comeback Kid?

  • The local market is rebounding rapidly, with current median home prices at $60,200, up 29.2% from Q2 2011 (Detroit, Livonia, Warren)
  • Detroit has “The fastest month-to-month rate gain of all the 146 metropolitan markets” (Realtor.com)
Legal Information

PLEASE READ BEFORE BIDDING: 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. Some photos may be taken from Google and may not necessarily reflect current state. 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.

Payment Information

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, you are bidding on the full purchase price. Winning bidder agrees to pay the full balance due within 4 days of the auction's close via certified/cashier's check. Closing costs are $500 + 10% of winning bid or $100 minimum (Buyer's Premium). Closing costs include deed preparation, recording fees, courier expenses and transfer taxes. Buyer will receive a quitclaim deed.

Additional Information

Please ask all questions and perform due diligence BEFORE bidding!

Questions? Click the "Ask Seller a Question" tab.

Thanks for taking a look at our auction and best of luck with your investments!