2903 Richton Street
Detroit, MI 48206

Description

Great Opportunity outside of Russell Woods. This Brick Building features 4 separate units. Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. The seller also will require proof of the Buyer's ability to complete this type of rehab. 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

Details

MLS#218119986
Sub-TypeResale
StatusActive
Year1946
Days On Site115

Features

SQ Feet6,934
Building(s)1

Market Activity 48206

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48206
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48206)
Price:
$40,000
low | high
Med:
$45,000
37.5% of Average
SqFt:
6,934
low | high
Med:
1,778
100% of Average
$ / SqFt:
$6
low | high
Med:
$25
100% of Average
On Site:
115
low | high
Med:
92
100% of Average
Listing Updated: 04/19/2019
MLS Number: 218119986
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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