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… Read More 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 guidelinesA;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 Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Real Estate One-Southfield, (248) 723-0055
Listing Snapshot
Days Online
40
Last Updated
Property Type
Multifamily
Square Ft.
3,862
Lot Size
0.1 Acres
Year Built
1921
MLS Number
20261012023
30 Days Snapshot Of 48206
$104k
-11%
(avg) sold price
16
0%
homes sold
90
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
4 total units, 4 two-bedroom units, Built in 1921, Architectural style: Quadruplex, Brick, 3,862 total square feet, 3,862 combined square feet, 1,931 total basement square feet, Unit count: 4
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: 40X110
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
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