Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit home. Spacious layout with original character still intact. Please note that the DLBA 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 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work.
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Zillow last checked:
Listing updated:
Listed by:
Nazareth Sanchez313-728-6853,
RE/MAX Leading Edge313-277-7777
Source: Realcomp II,MLS#: 20261037253
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: Second
Area: 110
Dimensions: 11 X 10
Bedroom
Level: Second
Area: 100
Dimensions: 10 X 10
Bedroom
Level: Second
Area: 100
Dimensions: 10 X 10
Bedroom
Level: Entry
Area: 100
Dimensions: 10 X 10
Other
Level: Entry
Area: 28
Dimensions: 7 X 4
Other
Level: Basement
Area: 28
Dimensions: 7 X 4
Dining room
Level: Entry
Area: 110
Dimensions: 11 X 10
Heating
Forced Air, Natural Gas
Features
Basement: Unfinished
Has fireplace: No
Interior area
Total interior livable area: 1,495 sqft
Finished area above ground: 1,495
Property
Parking
Parking features: No Garage
Features
Levels: Two
Stories: 2
Entry location: LowerLevelwSteps
Pool features: None
Lot
Size: 5,662 Square Feet
Dimensions: 52.5 x 107
Details
Parcel number: W14I002647S
Special conditions: Government Owned,Short Sale No
Construction
Type & style
Home type: SingleFamily
Architectural style: Cape Cod
Property subtype: Single Family Residence
Materials
Aluminum Siding
Foundation: Basement, Brick Mortar
Roof: Asphalt
Condition
New construction: No
Year built: 1915
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Above Ground Utilities, Cable Available, Underground Utilities