Detroit, Mi – Commercial Building (former Market) – No Back Taxes – 99 Cents

$ 104.49

Description

Detroit, MI – Commercial Building (Former Market) – No Back Taxes Up for auction is a commercial building in a small strip mall on Hayes Street. It was formerly D&D Market, which specialized in beer, wine and lotto. To the left of the building is an operating barber shop called “Exquisite Cuts”. The property clearly needs rehab, and much of the ceiling tiles have fallen to the floor. We have not personally visited the property, we are relying on the pictures in this auction (these were taken on 11/16/11). We don’t have any additional information on the condition of the property, but contact us if you’d like to inspect the property. Status of title: There are no mortgages on this property. The 2011 winter property taxes are due, but no back taxes from before 2011. Buyer will be responsible for any taxes due. According to the county, 2011 taxes are due by 3/1/12. Please check with Wayne County to confirm whether there are any city liens or water bills. Seller has no knowledge of any liens of this type. Address: 18808 Hayes Street, Detroit, MI 48205 PIN (parcel number): 21056573 Legal Description: E HAYES N 9.72 FT ON FRONT LINE BG N 7.62 FT ON REAR LINE 514 ALSO S 14.78 FT ON FRONT LINE BG S 16.88 FT ON REAR LINE 515 OBENAUER BARBER & LAINGS DUNFORD PARK SUB NO 2 L59 P41 PLATS, W C R 21/926 24.50 X 100 Summer taxes (please confirm): $1125.03 Winter taxes (please confirm): $102.20 Additional Information 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, you are bidding on the full purchase price. Winning bidder agrees to pay $500 non-refundable deposit via certified check or wire transfer within 2 business days of the auctions close, no exceptions. The remaining balance is due within 7 calendar days. Closing costs are $500 and include deed preparation, recording fees, and transfer taxes. We do not charge any other fees. Buyer will receive a quitclaim deed. Buy it Now of $24,995 will disappear when a bid is placed.

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