$10,000
For Sale

8773 PETOSKEY AVENUE

Detroit, MI 48204
3584 sqft | 4 baths | 0.09 acres | #20221067394
Browse 50 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

  • Property Details
      • SubdivisionLAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS)
      • FoundationBasement, Poured
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • MLS #20221067394
      • Property SubtypeMultiFamily
      • Parcel NumberW14I007114S
      • MLS #20221067394
      • Basement DescriptionUnfinished
      • School DistrictDetroit
      • Original List Price$10,000
      • Utility SourcePublic
      • CountyWayne
      • Cost10000
      • Acres0.09
      • Square Feet3584
      • Year Built1918
      • Days on Market (Cumulative)863
      • PetsYes
      • Bathrooms4
      • Full Baths4
      • Stories2
      • Basement1
      • Basement Finished1

Location

Sean HaganReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

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2.6%
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