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Key Facts

Type Multi Family
Levels Residential Income
Size 4890 sqft
Garage No
Taxes 
Days Active 2
Lot Size 
Approx. Age 1928
Avg. Price Per Sqft $1
MLS® Number 20251004706

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.Show Description
MLS® Number20251004706
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageNo
Approx. Age1928
BasementUnfinished
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

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