Look no further! Check out this multifamily with 5 unit, 1-bedroom lofts that's a great cash-flow opportunity waiting for you!!! The corner lot, 12940 Greiner is also included in the sale. Close to Gratiot and minutes from downtown. 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:
- $13,900
- Full Baths:
- 5
- Square Footage:
- 2,896
- Acreage:
- 0.10
- Year Built:
- 1930
- Listing ID #:
- 20221067518
- Street Address:
- 12932 Greiner St
- City:
- Detroit
- State:
- Michigan
- Postal Code:
- 48205
- County:
- Wayne
- Community:
- Det 8 To Gratiot/Houston To 7
- Subdivision:
- Michael Greiner Estate (plats)
- Listing Status:
- Pending
- Listing Type:
- Multifamily
School District: Detroit
- Architecture Style:
- Colonial
- Basement Type:
- Unfinished
- Foundation:
- Basement
- Foundation Material:
- Block
- Has Basement:
- 1
- Number Of 1 Bedroom Units:
- 5
- Siding:
- Brick
- Stories:
- 2 Story
- Total Building Square Footage:
- 2896
- Year Built:
- 1930
- Conforms To Zoning:
- Residential
- Road Frontage Type:
- Paved
- Days On Market:
- 174
- Financing Options:
- Cash
- For Sale Or Lease?:
- Sale
- Summer Tax:
- 0.0000
- Winter Tax:
- 0.0000
- Has Garage:
- 1
- Parking Spaces:
- 2
- 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
