Bank Owned:Online Event
For Sale

14043 STOEPEL ST

DETROIT, Michigan 48238

Property Details

(14043 STOEPEL ST DETROIT Michigan, 48238)

NOTE: Property unit count is unknown. Buyer is encouraged to conduct their own due diligence. The condition of the roof is unknown and may require repairs at the Buyers expense. Property will require extensive repairs at the Buyers expense.

Asset Type
Residential
Property Type
Multi-family
Bedrooms
4
Bathrooms
2
Year Built
1925
Square Footage
2,050
Occupancy Status
Occupied
Lot Size (Acres)
0.09
Event Item #
O1184L-53220C
Property ID
2560065
Buyer's Premium
5% of Winning Bid Amount (A minimum of $2,500 will apply)
Broker Co-Op
2.5% or $1,500 minimum
Financing Information
Conventional Financing Not Available

Transaction Details

 

  • The seller took ownership of this property at a recent foreclosure auction. The seller has established a reserve price based on the value of the property less its expected costs to market and sell the property, representing a tremendous opportunity for investors to purchase properties at a discount and create equity.
  • This property will be conveyed via an Assignment of Interest in Sheriff's Deed or Quit Claim Deed (Michigan) or an Assignment of the Sheriff's Certificate (Minnesota).
  • A Buyer's Premium equal to 5% of the Winning Bid Amount or $2,500 (whichever is greater) will be added to all Winning Bid Amounts to determine the Total Purchase Price, unless otherwise set forth on the Purchase Documents.
  • If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.
  • No title insurance offered at closing.
  • This property is reported to be occupied and buyer is responsible for obtaining possession.
  • Property is being offered as is, where is.
  • Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller's reserve price is met. Learn more about reserve pricing.
  • Description
  • Documents
Description for 14043 STOEPEL ST DETROIT Michigan, 48238
Auctioneer Licensing Information

Auction.com, Inc. Arlene Richardson RE Brkr Lic No. 6505404616

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