Great investment opportunity in the heart of a thriving area. This 4 unit multi-family with over 3300 square feet is one you don't want to miss. This property needs a full rehab but is guaranteed to be an income producing benefit for those looking to buy and hold and a… Read More great fix & flip for investors. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Bellabay Realty Tri Counties, (248) 274-6614.
Listing Snapshot
Days Online
220
Last Updated
Property Type
Multifamily
Square Ft.
3,326
Lot Size
0.08 Acres
Year Built
1923
MLS Number
20251036430
30 Days Snapshot Of 48206
$86k
+3%
(avg) sold price
15
-31%
homes sold
64
-34%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
4 total units, 2 two-bedroom units, 2 three-bedroom units, Built in 1923, Architectural style: Colonial, Brick, 3,326 total square feet, 3,326 combined square feet, 1,663 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: 0.08, Lot size dimensions: 35x100
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
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