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$15,000
7400 Wykes, Detroit, MI 48210
0 Beds
4 Baths
3,180 sqft

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Great Investment Opportunity within a stone's throw of the Aviation sub! Brick Multi-Family offers 4, 2 bedroom units. 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. The Detroit Land Bank Authority advises all potential applicants that it is selling these properties as is, where is, with all faults with no representations or warranties of any kind. Applicants are advised to conduct their own careful inspection, particularly with regard to the anticipated cost to make the repairs.
  • Price:
  • $15,000
  • Full Baths:
  • 4
  • Square Footage:
  • 3,180
  • Acreage:
  • 0.09
  • Year Built:
  • 1927
  • Listing ID #:
  • 2200100911
  • Street Address:
  • 7400 Wykes
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48210
  • County:
  • Wayne
  • Community:
  • Det South Of Grand River
  • Subdivision:
  • Dovercourt Park (plats)
  • Listing Status:
  • Active
  • Architecture Style:
  • Quadruplex
  • Basement Type:
  • Unfinished
  • Foundation:
  • Basement
  • Foundation Material:
  • Brick
  • Has Basement:
  • 1
  • Number Of 2 Bedroom Units:
  • 4
  • Number Of Units:
  • 4
  • Siding:
  • Brick
  • Stories:
  • 2 Story
  • Total Building Square Footage:
  • 3180
  • Type Of Roof:
  • Asphalt
  • Year Built:
  • 1927
  • Conforms To Zoning:
  • Residential
  • Road Frontage:
  • 34
  • Road Frontage Type:
  • Paved
  • Financing Options:
  • Cash
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 0.0000
  • Winter Tax:
  • 0.0000
  • Existing Water:
  • Municipal Water
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • 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. Bellabay Realty Tri Counties
  • IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2021 Realcomp II Ltd. Shareholders FARMHILL

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