For sale

$28,500

5700 Townsend St, Detroit, MI 48213

10beds

4,112sqft

N/A

Get pre-qualified

Multi Family

Built in 1912

-- sqft lot

$-- Zestimate^®

$7/sqft

$-- HOA

What's special

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.

681 days

626

46

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6

Heating

Forced Air, Natural Gas

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 4,112 sqft
Finished area above ground: 4,112

Property

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 3,484 Square Feet
Dimensions: 30.00 x 118.00

Details

Parcel number: W17I012119S
Zoning description: MultiFamily, Residential
Special conditions: Government Owned,Short Sale No

Construction

Type & style

Home type: MultiFamily
Architectural style: Common Entry Building,Upper Lower Apartment
Property subtype: Multi Family

Materials

Other
Foundation: Basement, Block

Condition

New construction: No
Year built: 1912

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: WM TAITS (PLATS)

Location

Region: Detroit

Financial & listing details

Price per square foot: $7/sqft
Tax assessed value: $50,600
Annual tax amount: $4,372
Date on market: 10/7/2024
Cumulative days on market: 681 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,182/mo

Price history

Date	Event	Price
1/31/2025	Price change	$28,500-18.6%$7/sqft
Source: Realcomp II #20240071565 Report a problem
10/7/2024	Listed for sale	$35,000+1300%$9/sqft
Source: Realcomp II #20240071565 Report a problem
3/13/2019	Listing removed	$2,500$1/sqft
Source: Detroit Land Bank Authority Report a problem
3/1/2019	Listed for sale	$2,500-64.3%$1/sqft
Source: Detroit Land Bank Authority Report a problem
12/12/2008	Sold	$7,000$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	--
2024	--	$50,600 +15.8%
2023	--	$43,700 +51.7%
2022	--	$28,800 +29.7%
2021	--	$22,200
2020	$1,138	$22,200
2019	--	--
2018	--	--
2017	--	--
2016	$631	$8,400
2015	$631	$8,400