MULTI-PROPERTY REAL ESTATE AUCTION

TUESDAY DECEMBER 15^th at 1:00 PM

401 E. FLORIDA; 321 N. GARVIN; 1221 N. GARVIN; 1410 N. GARVIN; 1013 N. GOVERNOR; 1310 N. STRINGTOWN

NICE COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY

AUCTION LOCATION:   All the properties will be offered from the 1310 N. Stringtown location.

 401 E. Florida:  Known as the “Tanners” building, this property is zoned C-4 and is located at the corner of Stringtown & Florida. It was built in 1901 and offers approximately 3,441 square feet. It would be suitable for a wide variety of commercial uses. This property has been consistently leased on a month-to-month basis for the past 5 years. The ’08 Pay ’09 taxes are $602.19 per installment.

 

321 N. Garvin:  This property was formerly home to the Sports World Co-Op. It is conveniently located at the corner of E. Michigan & Garvin, and is currently zoned C-4. Offering over 6,500 square feet per assessor, this property would again make a nice home to a wide variety of commercial uses. The ’08 Pay ’09 taxes are $ 753.07 per installment.

 

1221 N. Garvin:  Located just south of E. Florida St, this residential property is situated on a 25’x130’ lot zoned R-2. It is improved with a 675 sqft bungalow built in 1899 and features 2 bedrooms and 1 bath. Including 2 exemptions, the current ’08 Pay ’09 taxes are listed at $0.00

 

1410 N. Garvin:  Located just north of Tennessee St, this 38’x121’ lot is currently zoned C-4. It is improved with a 1,298 square foot home built in 1929 which features 3 bedrooms and 1 bath. The ’08 Pay ’09 taxes are $356.25 per installment.

 

1013 N. Governor:  Located just south of Missouri St, this 25’x129’ lot is zoned R-2. It is improved with a 812 square foot home built in 1904 and offers 3 bedrooms and 1 bath. The ’08 Pay ’09 taxes are $240 per installment.

 

1310 N. Stringtown:  Also known as 407 E. Tennessee St, this commercial corner is currently zoned C-4. It is improved with a 3,673 square foot block building that has been used as a commercial garage. The ’08 Pay ’09 taxes are $546.61 per installment.

 

PUBLIC SHOWING: Properties will be open and available for viewing TUES DEC 8^th 11-1, or Call For Appt.

 

TERMS: A 10% deposit will be required from all successful bidders. This may be in the form of a personal or business check. The balance will be due and payable at closing within 45 days. The purchaser(s) will be guaranteed good clear title. The seller will pay for the search portion of a title insurance commitment. The buyer(s) will assume the taxes starting with the Spring 2010 installment. Properties are selling on an “as-is” basis and subject to approval of the seller.

 

Seller: Sidroe Enterprises Ltd & Debbie Osborn