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In-PersonVirtual Tour
$ 7,000
Est. payment | /mo
3 Beds
3 Baths
2,288 SqFt
$ 7,000
Est. payment | /mo
3 Beds
3 Baths
2,288 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $3
MLS Listing ID 20240066781
Style Colonial
Bedrooms 3
Full Baths 2
Half Baths 1
Originating Board Realcomp
Year Built 1925
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 41.00 x 122.00
Property Description
Calling all investors! Take a look at your next investment opportunity in the beautiful Russell Woods Subdivision. This home is in need of a complete rehab, but don't let that scare you. Sale contingent on buyer/seller executed development agreement. 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.
Location
State MI
County Wayne
Area Wayne County - 100
Direction Linwood to Street, West
Interior
Heating Hot Water
Exterior
Waterfront No
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Architectural Style Colonial
Structure Type Brick
Others
Tax ID W12I004108S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Bellabay Realty Tri Counties