Great investment. DLBA-owned side by side duplex with 3 bed in each unit property located in the Wildemere Park neighborhood. Sold with 3255 Hogarth St for a total of $70000. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser… Read More must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of 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
103
Last Updated
Property Type
Multi-Family
Square Ft.
2,820
Lot Size
0.05 Acres
MLS Number
60960448
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Poured
Building
2,820 square feet, 2 total units, Built in 1915, Style: 2 Story, Duplex
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $0
Lot
Lot size: 20.5X110, 0.05 acres
Property
Residential
Taxes
Total amount: $0
Unit Five
Bedroom 2 width: 20
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