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$19,900
Est. payment /mo
4 Baths
3,696 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $5
Subdivision Mi
MLS Listing ID 60940337
Style 2 Story
Full Baths 4
Year Built 1924
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 35X92
Property Sub-Type Multi-Family
Property Description
4-Unit Investment Opportunity in Dexter-Linwood Neighborhood – Detroit Land Bank Owned Fantastic opportunity to restore this four-unit property in the Dexter-Linwood neighborhood of Detroit. Each unit features two bedrooms and one bath, making it ideal for a redevelopment project with strong rental potential. The parcels are government-owned and included in the Detroit Land Bank Authority (DLBA) program. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter), 3. Scope of Work (breakdown of renovation costs), 4. Proof of Previous Projects: (include addresses and photos). Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
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 Keller Williams Realty-Great Lakes
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