Great opportunity to invest in the city of Detroit. This brick Quadplex is located in Detroit's Nardin Park neighborhood and zoned R2. 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… Read More 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. other Detroit Read Less
Courtesy of RCH Brokerage Legacy Inc.
Listing Snapshot
Days Online
123
Last Updated
Property Type
Multi-Family
Square Ft.
2,980
Lot Size
0.13 Acres
MLS Number
60960346
30 Days Snapshot Of 48204
$1k
-19%
(avg) sold price
1
0%
home sold
25
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Exterior Features
Brick
Property Access
Paved Street
Basement
Block
Building
2,980 square feet, 4 total units, Built in 1923, Style: 2 Story, Colonial
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $0
Lot
Lot size: 45X124.46, 0.13 acres
Property
Residential
Taxes
Total amount: $63
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