16309 Log Cabin Street
Property Description
You don't want to miss this opportunity. This 2 bedroom up/down duplex is conveniently located near shopping, dining, and public transportation, offers strong rental appeal. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 and lot combinations 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.
Broker Details
Bellabay Realty Tri-Counties (248) 274-6614
MLS ID: 292343
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $22,000 |
| No. of Units: | 2 |
| Year Built: | 1925 |
| Lot Size: | 1,742.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $11,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-REALCOMPMI-20251037166
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