$10,000

2303 Ford Street

Detroit MI, 48238

Description

Great for experienced investors. This building contains 4 apartments each unit with 1 bedroom 1 bath. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the Construction Costs. 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 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. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please see attached documents for requirements. BATVAI

Details

MLS#219054767
Sub-TypeResale
StatusActive
Year1930
Days On Site94

Features

SQ Feet2,650
Units1
Building(s)1

Market Activity 48238

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48238
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48238)
Price:
$10,000
low | high
Med:
$45,000
100% of Average
SqFt:
2,650
low | high
Med:
1,826
81.094339622642% of Average
$ / SqFt:
$4
low | high
Med:
$29
100% of Average
On Site:
94
low | high
Med:
11.5
100% of Average
Listing Updated: 09/16/2019
MLS Number: 219054767
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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