Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit… Read More home. Spacious layout with original character still intact. 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 abatements 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Leading Edge, [email protected], 313-277-7777.
Listing Snapshot
Days Online
79
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
1
Square Ft.
1,495
Lot Size
0.13 Acres
Year Built
1915
MLS Number
20261067423
Additional Details
Property Access
Frontage Type: PrivateRoad
Basement
Unfinished
Building
Built in 1915, Living area: 1495.0, Levels: Two, Entry location: GroundLevelwSteps, Construction Materials: Brick
Disclosures
Restrictions, TaxesNotHomesteadExempt
Foundation
Basement, BrickMortar
Heating
ForcedAir, NaturalGas
Lot
0.13 acres, Dimensions: 52.5X107
Parking
NoGarage
Pool
None
Roof
Asphalt
Sewer
PublicSewer
Taxes
Parcel Number: W14I002647S, Annual Amount: $2,584, Assessed Value: $12,800, Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. N MONTGOMERY 262 W 17.5FT 263 HOLDEN & MURRAYS 2ND SUB L27 P77 PLATS, W C R 14/161 52.5 X 107 2004 SPLIT SALE ACQUIRED 1/2 OF L OT 14002648
Utilities
Water Source: Public
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