$59,900

2900 Clairmount Street

Detroit MI, 48206

Description

Great Opportunity. This building currently features 13 1 bedroom units. A completed restoration is needed. The Seller requires proof of funds to purchase. An estimated cost of renovation along with proof of funds to meet the estimated costs will also need to be included with offer. Buyer will need to provide proof of their ability to complete this type of project. 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 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

Details

MLS#218090870
StyleIndustrial
Sub-TypeResale
StatusActive
Year1922
Days On Site421

Features

SQ Feet9,174
Story(s)1
ZoningResidential

Market Activity 48206

Loading Form

Loading Form

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48206
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48206)
Price:
$59,900
low | high
Med:
$59,900
50% of Average
SqFt:
9,174
low | high
Med:
2,317
100% of Average
$ / SqFt:
$7
low | high
Med:
$27
100% of Average
On Site:
421
low | high
Med:
83
100% of Average
Listing Updated: 11/19/2019
MLS Number: 218090870
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.