8773 PETOSKEY Avenue Detroit, MI ^$ 10,000

8773 PETOSKEY Avenue

^$ 10,000

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8773 PETOSKEY Avenue

Detroit, MI, 48204

^$ 10,000

Studio Baths4.0 Sq 3,584

Monthly Estimate*

^$ 70

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Studio

Multi-Family Home for sale in Detroit, MI

for $10,000 with 4 full baths. This 3,584 square foot home was built in 1918 on a lot size of 0.09.

Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

Multi-Family Active

Price

^$ 10,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Colonial

Lot Size

0.09

Year Built

1918

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60179371

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1918

Subdivision LAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS) MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Government Owned

Municipality Detroit

Zoning Residential

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions TAKE GRAND RIVER AVE HEADED SOUTH MAKE A LEFT TURN ONTO MACKINAC THAN MAKE A RIGHT ONTO PETOSKEY

City Detroit

School District Detroit City School District

Street Name PETOSKEY

Financial Terms Cash

Legal Description W PETOSKEY 119 LAMBRECHT KELLY & COS GRAND RIVER TERM SUB L27 P86 PLATS W C R 14/162 40 X 100

DOM 497

Postal Code 48204

Price Per Sq Ft 2.79

Coming Soon Great opportunity for experienced investors. A buyer must submit a proposal to purchase

Interior

Basement Poured

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.09

Lot Dimensions 40.00 x 100.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Leonard Pickett

Listing Agent

Rch Brokerage Legacy Inc

Broker

lpickettiii@rchlegacy.com

Affordability Calculator

$70

Per Month

Monthly Principal & Interest: $70
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$212,766

Percent of Sale Price 2,028%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/15/2022	$10,000		Listed Price

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8773 PETOSKEY Avenue, Detroit, MI, 48204 is a Multi-Family Home for sale at $10,000 with 3,584 sqft and a lot size of 0.09. 8773 PETOSKEY Avenue is a studio with 4.0 baths and was built in 1918. The property's zip code is 48204 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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8773 PETOSKEY Avenue

Multi-Family Home for sale in Detroit, MI

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