Bidding has ended on this item.

Storage and Office Building near Center Lake

Lot # 03082016

710 Napoleon Road, Michigan Center, MI 49254

Price:  

Start Date: Tuesday, March 8, 2016 at 8:00AM (EDT)

End Date: Tuesday, March 8, 2016 at 8:50PM

High Bidder:    ****ne Bids:  97
Listing Image

Item Description

Storage and Office Building near Center Lake

This property offers a fantastic real estate opportunity with rental income!  The property is located just across the street from Center Lake and a few miles southwest of Jackson, MI.  With 8 storage units, 2 workshops, 1 office, and a Studio Apartment, this property has an ideal setting for someone looking to generate an income stream from multiple rentals.

Building Specs

Single Story with a loft

Foundation: Slab

Heat: Forced Air

1- Office with full bath

2- Workshops with overhead doors

4- Large storage units with overhead doors

4- Small storage units with standard doors

1- Studio Apartment with Kitchen and Bath

Property Specs

2015 SEV (Typically Half of Market Value):  $96,207

Parcel #:   000-14-09-415-016-00

Parcel Acres:  1.00

Property Class:   COMMERCIAL

Frontage:   (See photo sketch)

Depth:   (See photo sketch)

Zoning Code:  B2-COM

2014 Summer Taxes:  $1,639.11

2014 Winter Taxes:  $1,568.73

School District:  MICHIGAN CENTER SCHOOL

Legal Description:  COM AT NE COR OF W 1/2 OF SE 1/4 OF SEC 9 TH S00°40'E ALG E 1/8 LN 1150.73 FT TO CEN OF DITCH FOR POB TH WLY ALG CEN OF SD DITCH TO A PT DISTANT 236.62 FT DUE W OF E 1/8 LN TH S 0DEG 40'E TO CEN OF NAPOLEON RD TH SELY ALG CEN OF SD RD TO E 1/8 LN TH N ALG E 1/8 LN TO BEG SEC 9 T3S R1E

 

**Final Bid Subject to Approval**

**Interested bidders must show proof of funds for this auction.  Please contact Derek at Drizor@biddergy.com to coordinate.

**Seller financing is available!  Seller will finance the property "as-is" with a down payment of 5% or higher (in addition to 10% auction deposit) plus closing costs and prepaids.  Minimum 620 credit score.  Please contact Derek at Drizor@biddergy.com for more information.

*To schedule a showing, please contact Derek at Drizor@biddergy.com

Condition

INSPECTION: Buyers shall rely entirely on their own information, judgment, and inspection of the property and records. Buyers can and should inspect prior to the auction. Acceptable inspection after the auction is not a contingency of your bidding so be sure you have inspected the property to your satisfaction prior to the auction. Biddergy LLC cannot provide inspection or access to the property after the auction until the closing.

CONDITIONS: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Potential buyers should inspect all properties before placing any bids. Any improvements which may need to be done will be the responsibility of the purchaser. All information advertised or stated was derived from sources believed to be correct but is not guaranteed. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever. The auction company retains the right to place bids on the behalf of any buyer, employee, principal, or seller. The Real Estate will be sold free and clear of all liens of record, unless otherwise stated.

DEPOSIT FOR REAL ESTATE: A deposit of ten percent (10%) of the purchase price or $5,000, whichever is greater, will be required of the successful bidders within 48 hours of the conclusion of the auction. A Biddergy representative will contact you if you are the high bidder to coordinate your deposit and BUY/SELL agreement signatures. Wire transfer, cash, cashiers check, personal or company checks are accepted for the deposit. This deposit is NOT refundable if you the buyer do not carry through with the purchase. Your bidding IS NOT conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing before you bid.

CLOSING: Buyer is responsible for typical closing costs to include title insurance if desired, title and title company fees. Seller will provide transfer cost and taxes and / or assesments will be paid prior to closing. Closing must take place within 30 days of auction ending.

TAXES: Property Taxes which are due on the property on or before the date of the auction will be paid by the Seller without proration. All property taxes due after the date of the auction will be the responsibility of the Buyer without proration. The Buyer will assume any dues or assessment balance which remains after the Seller pays for any dues or assessment installments which are due and payable on or before the date of the auction. High bid must equal an amount greater than taxes owed on the property plus any closing costs paid by seller.

DEED AND TITLE INSURANCE: Seller will provide at their cost, a deed to the property and an owners title insurance policy in the amount of the purchase price at closing.

BUYERS PREMIUM: A 10% buyers premium is in effect and will be added to the high bid.

BUYERS NOTE: If you are the successful bidder, you must sign all the purchase agreements and make your deposit on the property within 2 business days of the conclusion of the auction. Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. The ability to obtain financing is NOT a contingency of the sale. Properties will be sold subject to the acceptance or rejection of the high bid by the seller(s) within 72 hours of the conclusion of the auction unless specifically stated that it is selling with No Minimums or Reserves. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion. Any exceptions to the above terms will be noted in the Additional Announcements information for each property. High bid is subject to bank approval.

AUCTIONEERS NOTE: All information was derived from sources believed to be correct, but is not guaranteed. Buyers should rely solely on their own investigation of the property and records prior to bidding on the property. Biddergy is not responsible for any printing errors or omissions of data.