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$22,000
Est. payment /mo
5 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240039243
Year Built 1924
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 43.00 x 102.00
Source Realcomp
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 4 unit brick Quadruplex in an up and coming development area. Property also includes 2 vacant lots 3784 and 3766 W. Boston on either side of the building for even more expansion possibilities. Show with caution because property needs a complete rehab. Vacant lots bundled with structures need to show a minimal design for example, someone may indicate they are fencing and putting benches and some bushes. They do need to show a diagram as indicated in the plot plan example #1 on page 5 of 20. 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 Dexter to W. Boston
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W14I003572S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by Real Estate One-Southfield