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In-PersonVirtual Tour
$ 8,000
Est. payment | /mo
5 Baths
4,356 Sqft Lot
$ 8,000
Est. payment | /mo
5 Baths
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024323
HOA Y/N true
Originating Board Realcomp
Year Built 1928
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 44.00X100.00
Property Description
Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Joy to Lawton, Right on Clairmount
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I002641S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Bellabay Realty Tri Counties
GET MORE INFORMATION
Shyanne Queen
Associate Broker/Team Lead | License ID: 6506049089
+1(616) 610-2005 | shyannesoldit@gmail.com