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$22,500
Est. payment /mo
3 Beds
3 Baths
3,974 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,974 sqft
Price per Sqft $5
Subdivision Stacks Lovett Ave (Plats)
MLS Listing ID 60301126
Style 2 Story
Bedrooms 3
Full Baths 3
Abv Grd Liv Area 3,974
Year Built 1926
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 45.00 x 104.00
Property Sub-Type Single Family
Property Description
Over 3,900 Square Feet can once again come to life, just bring your imagination. This super investment opportunity comes with 3 lots included, 4272 Webb, 4282 Webb & 4268 Webb. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 2 Story
Foundation Basement
Water Public Water
Architectural Style Colonial
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Government Owned
Energy Description Natural Gas
Financing Cash
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Listed by Bellabay Realty Tri Counties