Detroit, MI 48219
MLS# 20261072579
Redevelopment opportunity in solid neighborhood west of Telegraph road. This house is perfect for an investor, developer, or experienced rehabber. Features spacious living room with plenty of potential for value creation. Property is being sold as-is with clean title. Buyer and buyer’s agent to verify all measurements, property information, and redevelopment requirements. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and documentation of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, as determined following DLBA review of the development pro forma and financing.
Listed by Catina Willis · Next Level Realty & Investments
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$147/mo
$5,800 down · $23,200 financed
Loading similar listings…
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
61 photosActive5042 Philip Street, Detroit, MI 48224
Detroit, MI 48224
3 bd · 2 ba · 1,614 sqft
15 photosActive12052 American Street, Detroit, MI 48204
Detroit, MI 48204
3 bd · 1 ba · 1,364 sqft
17 photosActive18049 Saint Aubin Street, Detroit, MI 48234
Detroit, MI 48234
3 bd · 1 ba · 1,215 sqft