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$25,000
Est. payment /mo
2 Beds
2 Baths
953 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 953 sqft
Price per Sqft $26
MLS Listing ID 20261083263
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1948
Annual Tax Amount $250
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 27.5X100
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Great investment and renovation opportunity! Welcome to 18708 Schaefer Hwy, a 2-bedroom, 1.5-bath half duplex located in Detroit's Schulze neighborhood, north of Margareta Avenue and south of Clarita Avenue. This property offers potential for investors or buyers seeking a residential renovation project. Sale includes the subject half duplex only; the adjoining unit and additional lots are not included. Property is sold as-is. Property comes with clear title. Please note that only one side is for sale (18708), the other side is privately owned.Sale is subject to Detroit Land Bank Authority (DLBA) approval and execution of an applicable Renovation/Development Agreement. Purchaser must submit a complete proposal package including intended use, renovation timeline, proof of funds for acquisition and renovation, a detailed scope of work with cost breakdown, contractor information, and documentation of prior renovation/development experience, including project addresses and before-and-after photos.DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This provision may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of project financing and development pro forma. Buyer to verify all information, measurements, unit configuration, zoning, and permitted uses.
Location
State MI
County Wayne
Direction N of McNichols / S of W 7 Mile
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I030216S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by Atlas Properties Inc
NEARBY SCHOOL & BUSINESS
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