Listing Courtesy of: Natasha Richards - Bellabay Realty Tri Counties
248-274-6614
$8,000
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3200 CLAIRMOUNT Street Detroit, MI 48206
Multi-Family
Residence
Beds
5
Baths
Sq. Ft.
0.1
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proo...f of funds for both purchase price and construction costs. 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.
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Source MLS
Real Comp
Originating MLS
Realcomp II Ltd
MLS#
20240024323
Property Type
Multi-Family
Bathrooms
5 Full
Year Built
1928
Lot Size
0.1
Stories
2.0
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