Of the 3 houses Elmhurst is the best. Burt is ok, and Chappel is a throw away. Flip them, hold them, fix them up, or use them as a write off for you income taxes (speak to an accountant on tax laws). I have been told you can get assessed value as a write off. Looking to move these before new year to clean my books. I doubt you will find Detroit homes any cheaper on here.
Property 1: 8086 Burt Road Detroit, MI 48228
Single Family Home, wood frame. Needs windows and some interior work. 3 bedrooms, 1 bathroom. 736 Square Feet, .24 Acres Lot Size
Annual Taxes $2,438 and No Back Taxes or Liens! Wayne County- Year Built 1941
Parcel 22-107288
Brick 2 Family Home. 4 Bedrooms, 2 Bathrooms ( 2: 1 on each floor)
Annual Taxes $720 and $3,289 in Back Taxes Wayne County
1,500 square feet, 3049 square feet Lot Size
Property 3 13503 Chapel Street Detroit, MI 48223
Single Family Home. 2 Bedrooms, 1 Bathroom. 702 square feet 7928 square feet Lot Size
Annual Taxes $2,188; $1,808.24 in Back Taxes and $750 Lien Wayne County- Year Built 1955
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We are selling all properties with a quit claim deed.
All Properties sold as is, where is.
Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. 20% of funds with a minimum of $1,000 to be transferred within 3 working days or sooner via wire transfer. You will also need to include the 10% buyer’s premium with initial deposit. A contract will then be sent out and you will have 10 days to make final payment. Buyer will also be responsible for a $200 deed prep and recording fee for each property, with final payment.
All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the prop. Deeds will be prepared and transferred by the seller to the Register of Deeds for recording within two to six weeks of receipt of good funds from buyer. Payment may be made by wire transfer only.
Buyer is responsible for all liens and encumbrances. The Seller offers the Property 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 the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.