Welcome to the Latest offering from the Detroit Land Bank Authority. Brick 4 unit in need of major renovation. All units contain 2 bedrooms and 1 bath. There are 2 vacant lots included with this sale. 3764 Rochester and 3748 Rochester. Show with caution, bring Flashlight. 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
Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Two family flat 3/3 available on Manistique St. in Detroit. This east side property found close to Gross Pointe and Detroit River. It is truly an upward bound neighborhood. The side lot is included in said sale. Structure has the benefit of new replacement windows. Don't miss this income lovers opportunity, move today!
Location, location, location! Do not miss out on this property located on Central Street! There is a ton of development going on in the area in anticipation of the International Gordie Howe Bridge. At this price point, this opportunity will not last. Property features 2-3 bedrooms. Turn this property into long-term passive income! The buyer's agent is to order the reading and it will not be an excuse to delay* closing. Property sold "As Is".Great Investment opportunity on this 2 unit income property. Each unit has separate utilities and was updated in 2004. This will go quickly. Proof of funds should be provided with the offer. Please do not approach tenants-Landlord can show units with an approved offer.- *All data and measurements are approx * Buyer/Buyers agent to verify all information and data. *PRE-APPROVED PURCHASER'S ONLY* Buyer to assume all repairs and sign ACR with City of Detroit.
Great for experienced investors. 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 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. Please see attached documents for DLBA guidelines and offer submission information. BATVAI
Units are empty, house is boarded up. Ready for rehab. New Roof in 2019. Sewer line is clear.
Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. 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. 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 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
!!!Do not approach, intruder inside!!! Investor duplex alert! This is a side by side Brick Colonial, each Brick Colonial has 2 bedrooms, detached garage and fenced backyard. Can be sold separately, One duplex was occupied by long term tenants. Each Brick Colonial has some newer model windows, a separate dining area outside of kitchen, open basement layout and fenced backyard. Close to public transportation, shopping, grocery stores, Milan Playfield, Ralph W. Emerson Elementary-Middle School, major highway and freeway. Land Contract terms 140k, 40k down, amortized over 8 years at 622 / month principle and interest. Home being sold "As Is" with warranty deed transfer. Buyer representative to verify all information and water read ~ BATVAI ~ 495 office transaction fee buyer payable to listing office.
Welcome to the latest offering from the Detroit Land Bank Authority! Historic Russell Woods. Brick Multifamily, in need of full rehab. Be very careful during showing. take a flashlight Priced to move. 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 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
Detroit is located in Michigan. Detroit, Michigan has a population of 645,658. Detroit is less family-centric than the surrounding county with 15.74% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.
