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.
| MLS # | 20261045431 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 129 |
| Listing Provided By | RCH Brokerage Legacy Inc | Leonard A Pickett III |
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 1,564 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.14 |
| Water Front | Yes |
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement, Block |
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Tax Annual Amount | 185 |
|---|
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48224 |
| Area | Det Con Mors Grat Hstn |
| Community Name | EASTERN HEIGHTS LAND COMPANYS SUB 1 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in EASTERN HEIGHTS LAND COMPANYS SUB 1) | |
Price: $39,900 low | high Med: $195,000 sqft: 1,564 low | high Med: 2,584 $ / sqft: $26 low | high Med: $75 On site: 129 low | high Med: 84 | |
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48224 |
| Area | Det Con Mors Grat Hstn |
| Community Name | EASTERN HEIGHTS LAND COMPANYS SUB 1 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in EASTERN HEIGHTS LAND COMPANYS SUB 1) | |
Price: $39,900 low | high Med: $195,000 sqft: 1,564 low | high Med: 2,584 $ / sqft: $26 low | high Med: $75 On site: 129 low | high Med: 84 | |