$39,900
 $214 est/mo Sourced by Back At You

5310 Grayton Street,Detroit, MI 48224

Detroit, MI 48224

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Description

Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's East English Village neighborhood. Zoned R1. 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 #20261045431
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1930
Days On Site129
Listing Provided ByRCH Brokerage Legacy Inc | Leonard A Pickett III

Features

Bath(s) 3 Total
SQ Feet1,564
BasementY
Story(s)2
Units2
ZoningResidential
Acreage0.14
Water FrontYes

Interior

Cooling Yes / NoNo
Heating Yes / NoYes
HeatingForced Air, Natural Gas

Exterior

Construction MaterialsBrick
Foundation DetailsBasement, Block

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount185

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48224
AreaDet Con Mors Grat Hstn
Community NameEASTERN HEIGHTS LAND COMPANYS SUB 1
School DistrictDetroit
High SchoolDetroit
Listing VS Median (in EASTERN HEIGHTS LAND COMPANYS SUB 1)
Price:
$39,900
low | high
Med:
$195,000
100% of Average
sqft:
1,564
low | high
Med:
2,584
15.217391304348% of Average
$ / sqft:
$26
low | high
Med:
$75
100% of Average
On site:
129
low | high
Med:
84
100% of Average
Sourced by Back At You

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Learn More About This Property

StateMI
CountyWayne
CityDetroit
Zip Code48224
AreaDet Con Mors Grat Hstn
Community NameEASTERN HEIGHTS LAND COMPANYS SUB 1
School DistrictDetroit
High SchoolDetroit
Listing VS Median (in EASTERN HEIGHTS LAND COMPANYS SUB 1)
Price:
$39,900
low | high
Med:
$195,000
100% of Average
sqft:
1,564
low | high
Med:
2,584
15.217391304348% of Average
$ / sqft:
$26
low | high
Med:
$75
100% of Average
On site:
129
low | high
Med:
84
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $29K - $49K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
5045 Cadieux Road Property Photo 1
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5045 Cadieux Road
Detroit, MI 48224
5045 Cadieux Road Property Photo 1
$30,000
5045 Cadieux Road
Detroit, MI 48224
Listing Updated: September 28, 2026 at 7:19:33 PM PDT