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
Details
| MLS # | 20261012023 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 230 |
| Listing Provided By | Real Estate One-Southfield | Gene Kelley II |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,862 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.10 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement, Block |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 2241 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48206 |
| Area | Det Livernois I |
| Community Name | CROSMAN & MC KAYS SUB |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in CROSMAN & MC KAYS SUB) | |
Price: $25,000 low | high Med: $52,400 sqft: 3,862 low | high Med: 1,776 $ / sqft: $6 low | high Med: $32 On site: 230 low | high Med: 63.5 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48206 |
| Area | Det Livernois I |
| Community Name | CROSMAN & MC KAYS SUB |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in CROSMAN & MC KAYS SUB) | |
Price: $25,000 low | high Med: $52,400 sqft: 3,862 low | high Med: 1,776 $ / sqft: $6 low | high Med: $32 On site: 230 low | high Med: 63.5 | |
