Located in a rapidly growing neighborhood, this 4-unit multi-family property offers an incredible potential investment opportunity. Each of the four spacious units features 2 bedrooms, providing ample living space. With over 3,400 square feet, this property boasts plenty of room for both residents and potential for higher rental income as… Read More the area continues to develop. This property offers a fantastic opportunity to own a piece of a growing community while benefiting from a strong rental market. Don't miss out on the chance to add this promising asset to your portfolio! The 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.A; Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Bellabay Realty Tri Counties, [email protected], (248) 274-6614.
Listing Snapshot
Days Online
183
Last Updated
Property Type
Multifamily
Square Ft.
3,416
Lot Size
0.12 Acres
Year Built
1926
MLS Number
20240091932
30 Days Snapshot Of 48204
$72k
-26%
(avg) sold price
7
-58%
homes sold
149
+60%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
4 total units, 4 two-bedroom units, Built in 1926, Architectural style: Colonial, Brick, 3,416 total square feet, 3,416 combined square feet, 1,708 total basement square feet, Unit count: 4
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.12, Lot size dimensions: 40.00 x 129.00
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