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$ 25,000
Est. payment | /mo
4 Baths
4,356 Sqft Lot
$ 25,000
Est. payment | /mo
4 Baths
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261012023
Year Built 1921
Annual Tax Amount $2,241
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X110
Source Realcomp
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. This 4 unit brick Quadruplex features 4 two bedroom units with over 3000 sq ft of living space. Located just a stone's throw from the New Center area, this home has a ton of potential. This home needs an extensive amount of rehab, but will prove to be a fine addition to any investment portfolio. 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/or 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. Please refer to DLBA proposal guidelinesBe advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review
Location
State MI
County Wayne
Zoning Multi-Family
Direction lodge fwy south to W. Grand Blvd Go west to linwood go north to hogarth
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W10I001393S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Real Estate One-Southfield
Nearby Locations
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Tamara Culler
Broker-Owner Lic# 6502433631