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$40,000
Est. payment /mo
2 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261072803
HOA Y/N true
Year Built 1914
Annual Tax Amount $1,472
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X112
Source Realcomp
Property Description
Great opportunity to invest in the city of Detroit. This brick duplex home is located in Detroit's East Village neighborhood. Zoned B4. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. This property comes with a clear title. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Zoning Residential
Direction TAKE E VERNOR HWY HEADED EAST PASS VAN DYKE. MAKE A LEFT ONTO MCCLELLAN.
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Wood Siding
Schools
School District Detroit
Others
Tax ID W19I007292S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by RCH Brokerage Legacy Inc
Nearby Locations
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