502 Eastchester St, Monroe, MI 48161, USA
Online Auction – $20,000 minimum bid!
Bidding Concludes: Wednesday, May 18, 2022, @ 3:00 pm
- Friday, May 13, 2022, between 12:00-1:00 pm
Property Detail: 3-unit Investment property! The long-term owner has done a good job maintaining the property. Most recently, the hot water tank was replaced. The City of Monroe Housing Certificates expires on 9/30/2023. The current annual gross income is $16,500. Leases are currently on month-to-month with 2 of the tenants being long-term tenants. Submit your bid today!
*Parcel ID: 55-49-01234-00 *Lot Size: 25X101 *Bldg. Sq. Ft: 2,122 *2021 Annual Tax was $853.00
Directions: Kentucky to Rt. on E. 4th to Rt. on Winchester St. to Left. on E. 5th St. The Property is on the corner of Eastchester and E. 5th St.
Link to Bidders Packet and Details:
Online Bidding Registration: You need to register to place a bid. Bidders are required to sign a bidder’s registration form plus one of the following for bidding approval: proof of funds, bank letter of guarantee, or agent/auctioneer approval. The credit card authorization option is run by a third-party vendor and will not qualify you for bidding on this auction. For questions concerning registration please contact Nick Pinotti at (419) 779-4000 or email@example.com.
Bidding increments: Bid increments of $1,000 per increased bid.
Terms: Online Bidding concludes Wednesday, May 18, 2022, @ 3 pm. The winning bidder must execute the purchase agreement package immediately following the conclusion of bidding. The winning bidder will be notified via email of the successful bid. A $4,000 non-refundable earnest money deposit must be wired or delivered in the form of a certified check to Hassett Title Company, Inc. immediately following notification of one’s successful bid. Balance due at closing by June 8, 2022. At the expense of the seller, a guaranteed certificate of title will be provided. A 10% or $3,500 (whichever is greater) buyer’s premium will be added to the last bid to establish the final contract price. Inspections must be completed before bidding. No contingencies. Sold As-Is, Where-Is. Buyers shall rely entirely on their judgment and assumptions and confirm any information on which a bid is based. Brokerage services are provided by Real Estate Solutions of MI.
Auto bid option: You may place a bid as high as you want to go, but the system will raise it only as high as needed. For instance, if the current bid is $100K and you place $150K the system will raise the bid only to $101K and select you as a high bidder. If someone, places a higher bid, say $120K, the system will automatically place a bid of $121K on your behalf and select you as a high bidder. However, if someone places a $151K or greater bid, this person will be selected as a high bidder.
Bidding auto-extend: Our system prevents last-second sneaking by automatically extending the bidding time. If someone places a bid within the last 5 minutes before the end of the bidding the system will automatically extend the time by 15 minutes to let other bidders make weighed-out decisions.
Contact: Nick Pinotti: Auctioneer/Realtor (419) 779-4000 or firstname.lastname@example.org.
Information deemed reliable but not guaranteed and subject to change without notice.