206 EAST CAROLINE STREET

FENTON, MI. 48430

Parcel I.D.#53-36-506-039

THIS AUCTION HAS BEEN POSTPONED UNTIL FURTHER NOTICE.  THERE WILL BE NO OPEN HOUSES AS SCHEDULED. WE ARE ABLE TO TAKE WRITTEN OFFERS ON THIS PROPERTY IF YOU SO DESIRE. PLEASE CONTACT US FOR FURTHER INFORMATION.

THIS SALE IS BY ORDER OF UNITED STATES BANKRUPTCY COURT, EASTERN DISTRICT OF MICHIGAN, SOUTHERN DIVISION - FLINT, Bankruptcy Case No. 08-32981, SAMUEL D. SWEET, U.S. Bankruptcy Trustee

This property is located on the South side of E. Caroline St. near the City Library and main Fire Hall between S. Walnut Street and S. Pine Street in the City of Fenton, MI. 

The building has been operated as Day Care /  Montessori School.  There is off street parking, a partially fenced rear yard and great location.  Many uses possible, don't miss the opportunity to invest in a property that has many possible uses.  The building is 1 1/2 stories, approximately 1,800 sq. ft., full city services and commercial zoning.   Lot size is approximately 74 x 120.  Basement and crawl space, newer Lenox Gas F/A furnace with central air, Gas H/W heater, upgraded circuit breaker box and central fire alarm system.

House is set up with class rooms and break rooms, the following are sizes of the rooms with no designation.  The upper story has one bedroom (large) and a storage closet as well as built in drawers for storage.

13-5 x 21-8; 15-6 x 19; 9-5 x 20-2; 9-7 x 24-8; 14 x 15-3.  There are also two 1/2 baths.

OPEN HOUSE:    CANCELED.........UNTIL FURTHER NOTICE.

TERMS:  There will be a 5% Buyer's Fee added to the high bid. Successful Bidders will execute a Purchase Agreement immediately following the sale and submit a deposit equal to 10% of the Contract Price (Bid amount plus Buyer Fee). Sale is subject to Bankruptcy Court approval. Seller will provide a policy of Title Insurance.  Closing is to take place within 30 days of sale date.  There can be no conditions of sale, Purchasers must be assured any financing they will rely on will be available for closing within 30 days.  Closings held for the Purchaser at a Title Company will be at the Purchaser's expense.  Possession of the property will be at closing, taxes will be pro-rated at closing as if paid in advance. All dimensions and boundaries are approximate and have been based on legal descriptions and tax records.  The Auctioneer acts as an exclusive agent for the Seller.  The property is being sold on an "AS IS / WHERE IS" basis and no warranty or representation either expressed or implied concerning the property is made by the Sellers or the Auction Company.  Each potential Purchaser is responsible for conducting his/her own independent inspections, investigations, inquiries and due diligence concerning the property.  All information is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omission is assumed by the Seller or the Auction Co.  Conduct of the auction and increments of bidding are at the discretion of the Auctioneer.  The Seller and Selling Agent reserve the right to preclude any person from bidding if there is any question as to such person's credentials.  Any announcements made the day of sale take precedence over printed material or any other oral statements made.