5406 Ivanhoe Street
Property Description
Great income opportunity to include vacant lot, 5405 Spokane. Great location close to Livernois stretch, shopping, schools, major freeways and more! Home and lot will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. 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: | $39,900 |
| No. of Units: | 4 |
| Year Built: | 1923 |
| Lot Size: | 3,700.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $9,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-REALCOMPMI-20251060363
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