$10,000
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2 Beds
2.5 Baths
2,600 SqFt
SOLD DATE : 05/21/2025
Key Details
Sold Price $10,000
Property Type Multi-Family
Sub Type Colonial,Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $3
Subdivision Sullivans Dexter Blvd No 1 (Plats)
MLS Listing ID 20230080634
Style Colonial,Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Half Baths 1
Year Built 1927
Annual Tax Amount $340
Lot Size 3,920 Sqft
Property Sub-Type Colonial,Upper/Lower Apartment
Property Description
Great opportunity for experienced investors. Property located in Detroit's Russell Woods Community. Buyer must submit a proposal to purchase, including construction plans & financing plan w/ Proof Of Fund or Pre-App letter on a new construction loan. 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 & 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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Interior
Heating Forced Air
Exterior
Garage Spaces 1.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash
Listing Terms Cash
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Bought with RCH Brokerage Legacy Inc