23 Unit USDA-Owned Apartment Complex in Holly, MI

Garden-style apartment complex with 17,071± sf, located at 13470 Dixie Highway, Holly, MI 48442.

AUCTION DATE: Online Auction begins Tuesday, June 27 at 12:00 pm

Online Only Auction. Bidding begins Tuesday, June 27 at 12:00 pm to Tuesday, June 29th at 12:00 pm*. (Online Bidding Link)

DESCRIPTION

Chateau View Apartments is a USDA-owned, 24-unit apartment complex in Holly, MI. The apartments will be auctioned with online only bidding starting at 12:00 pm EST, Tuesday, June 27th. Bidding ends Thursday, June 29th at 12:00 pm, *unless automatically extended by late bidding activity. The apartment complex consists of 3 buildings with 24 units including 1 unit used for an office. The property adjoins the Mt. Holly Ski and Snowboard Resort. The units can be converted to market rates following the sale.

PROPERTY HIGHLIGHTS

  • Starting Bid: $100,000
  • Sale is subject to seller confirmation
  • Garden-style apartment complex
  • 23 units plus 1 office
  • Gross Building Size: 17,071+/- sf
  • 21 One-Bedroom Units
  • 2 Studio Apartments
  • 1 Office
  • Units are separately metered
  • Units can be converted to market rents after the sale
  • Electric heat via baseboard heaters
  • Property is on well with septic
  • Units have individual exterior entrances
  • 2nd floor units have balconies
  • 1 unit is handicap accessible
  • Vinyl siding
  • Asphalt shingle roof
  • Paved parking

AUCTION DOCUMENTS

All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.

DUE DILLIGENCE / DISCLOSURE

All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.

PROPERTY INSPECTION

Open house dates:

  • Friday June 9th from noon-2pm
  • Saturday June 17th from noon-2pm

Inspection: Call James Vanderveen 616-262-4354 to schedule inspection.

TERMS OVERVIEW

  • 10% down
  • Close on or before July 31, 2017.
  • Property will be sold “As Is”. No inspection period or inspection contingency. All inspections must be done prior to bidding. Call James Vanderveen 616-262-4354 to schedule inspection.
  • A 10% buyer’s premium will be added to the high bid to determine the purchase price.
  • A 2% commission based on the high bid is available for registered buyer’s agents.
  • Registration must be completed by 12:00 pm on Monday, June 24th. No broker registration will be allowed after the auction has started.

Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents.

DIRECTIONS

USDA-owned apartment complex located on west side of Dixie Hwy in front of Mt. Holly Ski & Snowboard Resort. Property is 2.4 miles NE of I-75 & Grange Hall Rd. Property is 21 miles NW of Auburn Hills, Michigan.  Directions via Google Maps 

Auction: USDA-Owned Apartment Complex

Commercial Building with 3,400± sf  sf Directions: https://goo.gl/maps/B1GTxQNFSL82