Welcome to the latest offering from the Detroit Land Bank Authority. This 4 unit brick Quadruplex features 4 two bedroom units with over 3000 sq ft of living space. Located just a stone's throw from the New Center area, this home has a ton of potential. This home needs an… Read More extensive amount of rehab, but will prove to be a fine addition to any investment portfolio. 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/or 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. Please refer to DLBA proposal guidelines Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review Read Less
Courtesy of Real Estate One-Southfield.
Listing Snapshot
Days Online
39
Last Updated
Property Type
Multi-Family
Square Ft.
3,862
Lot Size
0.1 Acres
MLS Number
60972245
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
Block
Building
3,862 square feet, 4 total units, Built in 1921, Style: 2 Story
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $0
Lot
Lot size: 40X110, 0.1 acres
Property
Multi-Family
Taxes
Total amount: $2,241
Unit Five
Bedroom 2 width: 26
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