$50,000
$42,000
19.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
7,500 SqFt
SOLD DATE : 10/16/2019
Key Details
Sold Price $50,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $6
Subdivision Walter Crane Sub Of O L 198
MLS Listing ID 218109251
Sold Date 10/16/19
Bedrooms 5
Originating Board Realcomp II Ltd
Year Built 1903
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 69X139
Property Sub-Type Apartments
Property Description
Development Opportunity in Detroit's Milwaukee Junction. Sale includes 452 & 456, Harper, 5937, 5943 & 5947 Beaubien Property is owned by DBLA, Sale subject to approved development agreement.
DBLA will consider offers that include demolition, and maintenance of property for future development
Proposal requirements are attached in documents. Only complete proposals will be reviewed.
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 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 Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction MILWAUKEE JUNCTION
Interior
Hot Water Natural Gas
Heating Other
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W01I003671S001
Ownership Government Owned,Short Sale - No
SqFt Source EST
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service
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