Great investment. DLBA-owned 3-bedroom, 1.5-bath residential property located in the Fitzgerald/Marygrove neighborhood. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). The DLBA recommends reviewing all applicable Neighborhood Framework Plans through the City of Detroit Planning and Development Department for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to review of development pro forma and financing.
Listed By
Agency Name: Atlas Properties Inc
Agency Phone: (313) 598-2566
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimated Payment
$ 58.85 per month $55.94 Principal & Interest $0.00 Property Tax (data not provided by mls) $2.92 Homeowner's Insurance
16566 Stoepel Street | MLS# 20251060706
This single family home located at 16566 Stoepel Street, Detroit, MI 48221 is currently listed for sale with an asking price of $10,000. This property was built in 1927 and has 3 bedrooms and 2 full baths with 1596 sq. ft. Stoepel Street is located in the Addison Heights subdivision within the Detroit school district. Search Addison Heights real estate on www.therealtycouple.com today.