$4,500

6176 16th Street

Detroit MI, 48208

Description

Great development opportunity and includes 6164 16th St. W10I006211S. All offers must be supported by proof of funds for both the purchase price and construction cost. Site includes adj. vacant lot with fence. Inspectors estimate of minimum cost of repairs at $180,000. 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.

Details

MLS#2200050073
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1914
Days On Site31

Features

SQ Feet3,040
Units1
Building(s)1

Market Activity 48208

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Area Information
StateMI
CountyWayne
CityDetroit
Zip Code48208
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48208)
Price:
$4,500
low | high
Med:
$140,000
100% of Average
SqFt:
3,040
low | high
Med:
0
100% of Average
$ / SqFt:
$1
low | high
Med:
$0
100% of Average
On Site:
31
low | high
Med:
79
39.240506329114% of Average
Listing Updated: 08/08/2020
Natasha C Richards LogoMLS Number: 2200050073
Listing Provided By:
Natasha C Richards  of  Bellabay Realty Tri Counties
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.