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$25,000
Est. payment /mo
4 Baths
3,862 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,862 sqft
Price per Sqft $6
Subdivision Crosman & Mc Kays Sub
MLS Listing ID 20261012023
Style Quadruplex
Full Baths 4
Year Built 1921
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
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 guidelines
Be 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
Be 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
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement 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 Call
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Listed by Gene Kelley II of Real Estate One-Southfield
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