The DLBA is seeking proposals for the renovation and reuse of this multi family home situated along one of Detroit's well-traveled corridors, 8788 Dexter Avenue offers a location rich in convenience, accessibility, and neighborhood character, this property is ideal for a buyer ready to take on a renovation project and… Read More bring it back into productive use.A;Interested buyers should submit a complete proposal outlining the intended use, renovation scope, project budget, timeline, proof of funds, and relevant prior experience. All proposals will be reviewed competitively based on purchase price, project feasibility, financial capacity, development experience, and neighborhood benefit.A;Please note that the DLBA is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may be incompatible with certain tax abatements that may otherwise be available to the selected purchaser. The DLBA will review waiver requests on a case-by-case basis and may require a payment in lieu of taxes. Any payment will be determined after review of the development pro forma and the impact of any tax abatement on the project financing. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Realty-Great Lakes, (586) 541-4000.
Listing Snapshot
Days Online
13
Last Updated
Property Type
Multifamily
Square Ft.
2,550
Lot Size
0.1 Acres
Year Built
1918
MLS Number
20261022849
30 Days Snapshot Of 48206
$72k
-29%
(avg) sold price
20
+33%
homes sold
87
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 1 three-bedroom unit, Built in 1918, Architectural style: Colonial, Brick, 2,550 total square feet, 2,550 combined square feet, 1,420 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: 36X120
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
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