$5,000
$8,000
37.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
4,216 SqFt
SOLD DATE : 01/28/2021
Key Details
Sold Price $5,000
Property Type Multi-Family
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,216 sqft
Price per Sqft $1
Subdivision Moores Sub Of Pt Of Frl Sec 2 T
MLS Listing ID 2200050055
Sold Date 01/28/21
Style Townhouse
Bedrooms 4
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1910
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 60.00X115.00
Property Description
Great redevelopment opportunity! Formerly 4 units, all brick located close to the mid-town/downtown area near hospitals, museums, schools, major free-ways and entertainment! All offers must be supported by proof of funds for both the purchase and construction cost. Inspectors estimate the minimum cost of repairs at $220,000.00. 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 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.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Direction South of I-96, East of W. Grand Blvd.
Rooms
Basement Common
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Townhouse
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W12I010337S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Bellabay Realty Tri Counties