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$99,900
Est. payment /mo
10,771 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 10,771 sqft
Price per Sqft $9
Subdivision Oakmans Robt Indiandale
MLS Listing ID 20251039217
Year Built 1929
Property Sub-Type RealEstateOnly
Property Description
Multi-Unit Apartment Building Opportunity in LaSalle College Park Neighborhood – Detroit Land Bank Owned. Fantastic opportunity to restore this Multi-Unit Brick Apartment Building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating Steam
Exterior
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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