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$27,000 $15,000
1553 Lawrence St, Detroit, MI 48206
0 Beds
2 Baths
2,506 SqFt

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Great Investment Opportunity on This 2, 3 Bedroom Colonial. Sale includes 1532 Collingwood and 1546 Collingwood. 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:
  • $15,000
  • Full Baths:
  • 2
  • Square Footage:
  • 2,506
  • Acreage:
  • 0.10
  • Year Built:
  • 1916
  • Listing ID #:
  • 20221048786
  • Street Address:
  • 1553 Lawrence St
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48206
  • County:
  • Wayne
  • Community:
  • Det: Livernois-I75 6-Gd River
  • Subdivision:
  • Lawrence Park (plats)
  • Listing Status:
  • Active
  • Listing Type:
  • Multifamily
School District: Detroit
  • Architecture Style:
  • Colonial
  • Basement Type:
  • Unfinished
  • Foundation:
  • Basement
  • Foundation Material:
  • Block
  • Has Basement:
  • 1
  • Number Of 3 Bedroom Units:
  • 2
  • Siding:
  • Brick
  • Stories:
  • 2 Story
  • Total Building Square Footage:
  • 2506
  • Year Built:
  • 1916
  • Conforms To Zoning:
  • Residential
  • Road Frontage:
  • 40
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 60
  • Financing Options:
  • Cash
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 0.0000
  • Winter Tax:
  • 0.0000
  • Has Garage:
  • 1
  • 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

  • IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2022 Realcomp II Ltd. Shareholders FARMHILL

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