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In-PersonVirtual Tour
$ 22,500
Est. payment | /mo
4 Baths
5,227 Sqft Lot
$ 22,500
Est. payment | /mo
4 Baths
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250023219
Originating Board Realcomp
Year Built 1922
Annual Tax Amount $60
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 45.00 x 115.00
Property Description
Welcome to the latest offering from the Detroit land Bank Authority. 4 unit Brick Quadruplex located in a growing neighborhood on the East side of Detroit. Each unit has 2 bedrooms and one bath. The property needs a major rehab and has been mostly gutted and prepped for renovation. Sale also includes a vacant lot located at 8024 Georgia. 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/or 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. Please refer to DLBA proposal guidelines
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction i -94 E to Vandyke, go north to georgia go east
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I001414S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Real Estate One-Southfield
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