Great investment opportunity you don't want to miss. This 2 bedroom income property on each floor AND includes the two lots as well 10169 & 10163 Morley. Bring your vision and proposal and don't miss this opportunity! House needs a complete rehab. Sale contingent on buyer/seller executed development agreement. POF… Read More documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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. Read Less
Courtesy of Bellabay Realty Tri Counties.
Listing Snapshot
Days Online
58
Last Updated
Property Type
Multi-Family
Square Ft.
1,824
Lot Size
0.07 Acres
MLS Number
60972408
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
Property Access
Paved Street
Basement
Block
Building
1,824 square feet, 2 total units, Built in 1928, Style: 2 Story, Colonial
Exterior Features
Brick, Other
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $0
Lot
Lot size: 30X100, 0.07 acres
Property
Residential
Taxes
Total amount: $605
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