AUCTION ID #: 429153 Bookmark and Share
Duplex - Detroit Michigan - 1/4 Acre Lot with Duplex
Item 429153  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-15-09    12:45 PM ET
Auction Closed: 11-21-09    03:00 PM ET
Asset Details
Seller Information
Seller Name: Best Land Company
Rating: Not yet rated
Location: 4557-4559 Bangor
Detroit, MI    48210
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Bid Increment: $250
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $8,500
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 4557-4559 Bangor
Detroit, MI 48210
United States
  County Wayne
  Lot Size 11000 sq. ft
  Number Of Bedrooms 4.00
  Number Of Bathrooms 2.00
  Year Built 1929
  Water public
  Sewer public

Asset Description

This duplex with its 11,000 square foot lot, and great location - near three hospitals - is up for auction.

Plenty of room to get permit to build another building, maintain the taxes, and make a profit when the market - already starting to recover - takes an upswing.

House needs rehab at which time you can get around 600-800 per unit.

Great opportunities abound in Detroit.  Believe it or not, this area will recover and you will make a lot of money.

Your bid is the bid amount plus a 10% buyers fee.  Happy Bidding.


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  •