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Jasmine Sheffield

jasmine@jasminesheffield.com +1(734) 624-7562

$ 25,000

Est. payment | -/mo

4 Baths

3,862 SqFt

Save

$ 25,000

Est. payment | -/mo

Save

4 Baths

3,862 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,862 sqft

Price per Sqft $6

Subdivision Crosman & Mc Kays Sub

MLS Listing ID 20261012023

Style Quadruplex

Full Baths 4

Year Built 1921

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type MultiFamily

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. This 4 unit brick Quadruplex features 4 two bedroom units with over 3000 sq ft of living space. Located just a stone's throw from the New Center area, this home has a ton of potential. This home needs an extensive amount of rehab, but will prove to be a fine addition to any investment portfolio. 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
Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, QuitClaimsDeed

Listing Terms Cash, QuitClaimsDeed

Special Listing Condition GovernmentOwned, ShortSaleNo

Pets Allowed Call

Listed by Gene Kelley II of Real Estate One-Southfield

NEARBY SCHOOL & BUSINESS

+1(734) 624-7562

jasmine@jasminesheffield.com

42949 W Seven Mile Rd, Northville, MI, 48167, United States

2704 Hogarth ST Detroit, MI 48206