Great opportunity to invest in the city of Detroit. This brick duplex home is located in Detroit's East Village neighborhood. Zoned B4. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. This property comes with a clear title. See attached documents for DLBA requirements and offer submission information.
Listed By
Agency Name: RCH Brokerage Legacy Inc
Agency Phone: 2484402268
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimated Payment
$ 358.08 per month $223.75 Principal & Interest $122.67 Property Tax $11.67 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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2917 Mcclellan Street | MLS# 20261072803
This multi-family property located at 2917 Mcclellan Street, Detroit, Mi 48214 is currently listed for sale with an asking price of $40,000. Mcclellan Street is located within the Detroit school district. Search Detroit real estate on www.therealtycouple.com today.