Description
Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's Nardin Park neighborhood and zoned R2.Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Details
| MLS # | 20251060934 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 300 |
| Listing Provided By | RCH Brokerage Legacy Inc | Leonard A Pickett III |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 2,414 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.07 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement, Block |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 802 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48204 |
| Area | Det Livernois I |
| Community Name | LEWIS & CROFOOTS SUB 4 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in LEWIS & CROFOOTS SUB 4) | |
Price: $20,000 low | high Med: $49,500 sqft: 2,414 low | high Med: 2,907 $ / sqft: $8 low | high Med: $16 On site: 300 low | high Med: 196.5 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48204 |
| Area | Det Livernois I |
| Community Name | LEWIS & CROFOOTS SUB 4 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in LEWIS & CROFOOTS SUB 4) | |
Price: $20,000 low | high Med: $49,500 sqft: 2,414 low | high Med: 2,907 $ / sqft: $8 low | high Med: $16 On site: 300 low | high Med: 196.5 | |
