Income Property Auction
Thursday, December 9, 2010 @ 5 p.m.
Inspection December 5,  12-5 PM, Or by appointment w/auctioneer Auction held on site w/refreshments served

 

1803 & 1803 1/2 W. Michigan, Saginaw
(Approximately 1 1/2 miles east of Center Rd., at Grout St., across from W. Michigan United Methodist Church)

 Well kept 2-story, 2-unit vinyl sided home w/good rental history, has had one owner since 1976.  

    Parcel ID NO.  19-1795-00000    

    This dwelling consists of the following:

    ■ (2) large 1-bedroom, 1-bath upper & lower apartments approximately 900 sq. ft. each

     ■ Updated wiring-including load centers by Leddy Electric, Sheriff Goslin Roof (2004), new porch & deck (2006)

     ■ Fully functioning plumbing & heating system with updates & replacements as needed

     ■ Fully applianced with updated hot water heaters, clean refrigerators, ranges, home is rent ready

*Auctioneers Note:   Come prepared to buy as owners have no liens, assessments, or back taxes.  Owners motivated to sell due to health issues and have a very reasonable reserve.  A $1,000 non-refundable earnest money deposit at acceptance of high bid.  Taxes paid to date of close.  Closing within 30-days of sale date.  Sale is not contingent on your ability to obtain financing-please have your finances prepared as purchase agreement executed at conclusion of auction.  This property produces positive cash flow with effective management.