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$55,000
Est. payment /mo
3 Beds
1 Bath
1,315 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,315 sqft
Price per Sqft $41
MLS Listing ID 20261059599
Bedrooms 3
Full Baths 1
Year Built 1941
Annual Tax Amount $2,381
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 36X114.43
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Calling all investors. This property is zoned R1 and is located in Detroit's Fitzgerald/ Marygrove neighborhood. 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 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.
Location
State MI
County Wayne
Direction TAKE MCNICKOLS HEADED EAST PASS MEYERS. MAKE RIGHT ONTO MENDOTA.
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I042977S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by RCH Brokerage Legacy Inc
NEARBY SCHOOL & BUSINESS
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