$8,000

6648 Vinewood Street

Detroit MI, 48208

Description

Great redevelopment opportunity! Formerly 4 units, all brick located close to the mid-town/downtown area near hospitals, museums, schools, major free-ways and entertainment! All offers must be supported by proof of funds for both the purchase and construction cost. Inspectors estimate the minimum cost of repairs at $220,000.00. 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#2200050055
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site35

Features

SQ Feet4,216
Units1
Building(s)1

Market Activity 48208

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Area Information
StateMI
CountyWayne
CityDetroit
Zip Code48208
AreaDet South Of Grand River
Listing VS Median (in 48208)
Price:
$8,000
low | high
Med:
$135,450
100% of Average
SqFt:
4,216
low | high
Med:
0
100% of Average
$ / SqFt:
$2
low | high
Med:
$0
100% of Average
On Site:
35
low | high
Med:
61
57.377049180328% of Average
Listing Updated: 08/12/2020
Natasha C Richards LogoMLS Number: 2200050055
Listing Provided By:
Natasha C Richards  of  Bellabay Realty Tri Counties
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