59
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$39,900
Est. payment /mo
3 Baths
6,098 Sqft Lot
New
5310 Grayton Street Detroit, MI 48224
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261045431
Year Built 1930
Annual Tax Amount $185
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40X150
Source Realcomp
Property Description
Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's East English Village neighborhood. Zoned R1. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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 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. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Zoning Residential
Direction TAKE E WARREN HEADED EAST PASS E OUTER DRIVE. MAKE LEFT ONTO GRAYTON
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I074002S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by RCH Brokerage Legacy Inc
NEARBY SCHOOL & BUSINESS
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