Great opportunity to renovate this 2 bedroom home in an up and coming area. Close to major free-ways, Downtown/Corktown areas. 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. REALTOR Remarks: 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.
- Price:
- $9,900
- Bedrooms:
- 2
- Full Baths:
- 1
- Square Footage:
- 696
- Acreage:
- 0.14
- Year Built:
- 1890
- Listing ID #:
- 20221067524
- Street Address:
- 3526 25th St
- City:
- Detroit
- State:
- Michigan
- Postal Code:
- 48208
- County:
- Wayne
- Community:
- Det South Of Grand River
- Subdivision:
- J W Johnstons (also Page 33) (plats)
- Listing Status:
- Active
- Listing Type:
- Residential
School District: Detroit
- Architecture Style:
- Ranch
- Foundation:
- Crawl
- Stories:
- 1 Story
- Total Building Square Footage:
- 696
- Year Built:
- 1890
- Road Frontage:
- 60
- Road Frontage Type:
- Paved
- Days On Market:
- 174
- Financing Options:
- Cash
- For Sale Or Lease?:
- Sale
- Summer Tax:
- 0.0000
- Winter Tax:
- 0.0000
- Total Rooms:
- 5
- Garage Type:
- No Garage
- Existing Water:
- Public (municipal)
- Heating:
- Forced Air
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Public Sewer (sewer-Sanitary)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
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IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2023 Realcomp II Ltd. Shareholders
