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$35,000
Est. payment /mo
3 Baths
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251056840
Year Built 1914
Annual Tax Amount $263
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45X123.5
Source Realcomp
Property Description
Great Opportunity for investors. This brick duplex is zoned R5 located in Detroit's Gratiot-Grand neighborhood. 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. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TALK WARREN HEADED EAST PASS MT ELLIOT MAKE RIGHT ONTO E GRAND BLVD. PROPERTY ON RIGHT SIDE.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W15I007960S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by RCH Brokerage Legacy Inc
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