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$16,000
Est. payment /mo
4 Baths
5,198 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 5,198 sqft
Price per Sqft $3
Subdivision Brown & Babcocks
MLS Listing ID 20251036427
Style Colonial
Full Baths 4
Year Built 1924
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type MultiFamily
Property Description
Great Investment Opportunity, 4 Family Unit with over 5,000 square feet is located just minutes from Henry Ford Hospital, Motown Museum, and a short drive or bike ride to downtown. Bring your hard hat and your vision to bring this property back to life! Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, QuitClaimsDeed
Listing Terms Cash, QuitClaimsDeed
Special Listing Condition GovernmentOwned, ShortSaleNo
Pets Allowed Cats Ok, Dogs Ok
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Listed by Natasha C Richards of Bellabay Realty Tri Counties
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