5700 TOWNSEND Street
Property Description
6-unit apartment building w/lots of potential. 4 units have 2 bedrooms, 2 units have 1 bedroom. Property needs work, but there is plenty of room to grow in this up and coming neighborhood. 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/or 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. Please refer to DLBA proposal guidelines.Broker Details
Bellabay Realty Tri-Counties (248) 274-6614
MLS ID: 292343
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $28,500 |
| No. of Units: | 6 |
| Year Built: | 1912 |
| Lot Size: | 4,112.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $4,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 6 |
ID: 3yd-REALCOMPMI-20240071565
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