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… Read More 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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RCH Brokerage Legacy Inc, [email protected], (248) 440-2268.
Listing Snapshot
Days Online
181
Last Updated
Property Type
Multifamily
Square Ft.
2,414
Lot Size
0.07 Acres
Year Built
1925
MLS Number
20251060934
30 Days Snapshot Of 48204
$129k
+94%
(avg) sold price
11
-8%
homes sold
71
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Brick, 2 total units, 2 two-bedroom units, Built in 1925, Architectural style: Colonial, 2,414 total square feet, 2,414 combined square feet, 1,207 total basement square feet, Unit count: 2
Pool
Pool?: 0
Property Access
Paved
Basement
Unfinished, Basement?: 1
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.07, Lot size dimensions: 30X104
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
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