$35,000

2749 Elmhurst Street

Detroit MI, 48206

Description

Great for experienced investors. Looking for a buyer to rehab this multi-family home. The seller is the Detroit Land Bank Authority. 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 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 abatement on the purchase and development financing. Please see attached documents for DLBA requirements. BATVAI

Details

MLS#2200040365
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1928
Days On Site172

Features

SQ Feet18,473
Building(s)1

Market Activity 48206

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Area Information
StateMI
CountyWayne
CityDetroit
Zip Code48206
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48206)
Price:
$35,000
low | high
Med:
$72,500
57.142857142857% of Average
SqFt:
18,473
low | high
Med:
2,750
100% of Average
$ / SqFt:
$2
low | high
Med:
$26
100% of Average
On Site:
172
low | high
Med:
82
100% of Average
Listing Updated: November 22, 2020 8:05:53 PM PST
Leonard A Pickett III LogoMLS Number: 2200040365
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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