Description
Welcome to the latest offering from the Detroit land Bank Authority. Calling all investors. We give you a rare opportunity own 2 homes on one lot. 3 Bedroom brick colonial on the street and a 2 bedroom ranch in the back where the garage would be. Both homes need total rehab, but it could make for a great investment. Live in one and rent out the other. Bring your ideas and your hard hat and lets get to work. 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
Details
| MLS # | 20261019763 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 203 |
| Listing Provided By | Real Estate One-Southfield | Gene Kelley II |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,629 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.09 |
| Water Front | Yes |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling Yes / No | No |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement, Poured |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | No Garage |
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Det |
| Community Name | GRATIOT LAWN |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in GRATIOT LAWN) | |
Price: $20,500 low | high Med: $61,000 sqft: 1,629 low | high Med: 1,044 $ / sqft: $13 low | high Med: $58 On site: 203 low | high Med: 44 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Det |
| Community Name | GRATIOT LAWN |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in GRATIOT LAWN) | |
Price: $20,500 low | high Med: $61,000 sqft: 1,629 low | high Med: 1,044 $ / sqft: $13 low | high Med: $58 On site: 203 low | high Med: 44 | |
