Great opportunity for developers and investors. Each unit features 3 bedrooms, 1 bathroom, and a basement. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution… Read More of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Next Level Realty & Investments, (734) 506-0076
Listing Snapshot
Days Online
75
Last Updated
Property Type
Multifamily
Square Ft.
2,170
Lot Size
0.1 Acres
Year Built
1912
MLS Number
20261001836
30 Days Snapshot Of 48213
$43k
-35%
(avg) sold price
16
+33%
homes sold
57
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 three-bedroom units, Built in 1912, Architectural style: Upper/Lower Apartment, Vinyl, 2,170 total square feet, 2,170 combined square feet, 532 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.10, Lot size dimensions: 41.35X102.54
Miscellaneous
Gross scheduled income: $28,800, Income projection: Projected, Monthly rental income: $2,400, Net operating income: $28,000
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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