RENOVATED TENANT-OCCUPIED PROPERTY THAT OFFERS 5 BEDROOMS, 2 BEDROOMS AT ENTRY AND 3 UPSTAIRS, 2 FULL BATHS, 1 AT ENTRY, AND 1 UPSTAIRS SPACIOUS LIVING ROOM. THE TENANT PAYS $1000 A MONTH AND IS CURRENT IN PAYMENTS. LOTS ON EITHER SIDE OF THIS PROPERTY CAN BE PURCHASED FROM THE CITY OF DETROIT TO INCREASE YOUR REAL ESTATE PORTFOLIO.
Here is the latest offering from the Detroit Land Bank Authority. Single family home in need of extensive renovation. However, this property comes with the following vacant lots: 2091 Meade, 2097 Meade, 2111 Meade, 2115 Meade. Lots of potential here. Rehab the house and expand with the lots, Or tear down the house and re-purpose the land. The choice is yours. 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. Please refer to DLBA proposal Guidelines
Positioned at the corner of Alfred and John R, in Detroit's historic Brush Park neighborhood, CODA is an innovative, newly constructed development, featuring ten boutique residential condominiums, a two-level restaurant, and a dedicated commercial office space and parking structure. Designed by OOMBRA Architects, from Philadelphia, CODA's contemporary design is intended to become the new landmark of Brush Park. The glass and timber building, plus the new townhomes, are a strong counterpoint to the restored, historic façade. Eight exclusive condominium residences, surrounded by full height windows and amazing views, designed within an ultra-modern, engineered mass timber structure. Located on the top floor of the striking new structure soaring above the restaurant and historic Carriage House, and nicknamed "superflat" by the architect, this unit has its own private elevator access and expansive rooftop terrace. Property taxes estimated with NEZ abatement
Positioned at the corner of Alfred and John R, in Detroit's historic Brush Park neighborhood, CODA is an innovative, newly constructed luxury development, featuring ten boutique residential condominiums, a two-level restaurant, and a dedicated commercial office space and attached parking structure. Designed by OOMBRA Architects, from Philadelphia, CODA's contemporary design is intended to become the new landmark of Brush Park. The glass and timber building, plus the new townhomes, are a strong counterpoint to the restored, historic façade. Eight exclusive condominium residences, surrounded by full height windows and amazing views, designed within an ultra-modern, engineered cross laminated timber (CLT) structure. Located in the striking new structure soaring above the restaurant and historic Carriage House, Unit 3 spreads over two levels and offers two terraces, indoor/outdoor living, with elevated ceiling height, custom cabinetry, and luxury appliances. Property taxes estimated with NEZ abatement
This property is sold as a bundle with 3301 Columbus= Totaling $5,000. Not sold separately. 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 abatement 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 abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA guidelines.
Remarks: This house is occupied. Certificate of Compliance from City of Detroit Approved on file. This is an Investor purchase property, you can purchase with tenant out right or bring your own . Drive by the house and check it out, Do not disturb the Tenant.
The median home value in Detroit, MI is $95,000. This is higher than the county median home value of $80,100. The national median home value is $219,700. The average price of homes sold in Detroit, MI is $95,000. Approximately 34.11% of Detroit homes are owned, compared to 36.73% rented, while 29.17% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan has a population of 679,865. Detroit is less family-centric than the surrounding county with 15.03% of the households containing married families with children. The county average for households married with children is 25.33%.
The median household income in Detroit, Michigan is $27,838. The median household income for the surrounding county is $43,702 compared to the national median of $57,652. The median age of people living in Detroit is 34.7 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 30.4 inches of snow per year.