Great investment. DLBA-owned 3-bedroom, 1.5-bath residential property located in the Fitzgerald/Marygrove neighborhood. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of… Read More work with cost breakdown, and documentation of prior renovation projects (addresses and photos). The DLBA recommends reviewing all applicable Neighborhood Framework Plans through the City of Detroit Planning and Development Department for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to review of development pro forma and financing. Read Less
Courtesy of Atlas Properties Inc.
Listing Snapshot
Days Online
108
Last Updated
Property Type
Single Family
Beds
3
Full Baths
2
Square Ft.
1,596
Lot Size
0.1 Acres
Year Built
1927
MLS Number
60960442
30 Days Snapshot Of 48221
$1k
-7%
(avg) sold price
2
+100%
homes sold
57
+714%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
1,596 square feet, 5 total rooms, Built in 1927, Style: 2 Story, Bungalow
Exterior Features
Vinyl Siding
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Lot
0.1 acres, Size: 35X120
Taxes
Amount: $0
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