5700 TOWNSEND Street Detroit, MI ^$ 28,500

5700 TOWNSEND Street

^$ 28,500

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5700 TOWNSEND Street

Detroit, MI, 48213

^$ 28,500

Studio Baths6.0 Sq 4,112

Monthly Estimate*

^$ 178

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Studio

Multi-Family Home for sale in Detroit, MI

for $28,500 with 6 full baths. This 4,112 square foot home was built in 1912 on a lot size of 0.08.

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.

Multi-Family Active

Price

^$ 28,500

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,372

Style

Lot Size

0.08

Year Built

1912

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60345182

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 6

Half Baths 0

Bathrooms 6

Year Built 1912

Subdivision WM TAITS (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Government Owned

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions NORTH OF GRATIOT / BETWEEN E GRAND BLVD & VAN DYKE

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2024. E TOWNSEND 562 WM TAITS SUB L16 P87 PLATS W C R 17/104 30 X 118

DOM 429

Postal Code 48213

Price Per Sq Ft Total AG 6.93

Public Remarks 6-unit apartment building w/lots of potential. 4 units have 2 bedrooms 2 units have 1 bedroom. Property needs work

Interior

Basement Block

Fireplace? No

Total Number of Units 6

Fuel Type Natural Gas

Exterior

Exterior Other

Frontage 30

Lot Size Area 0.08

Lot Dimensions 30.00 x 118.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Natasha Richards

Listing Agent

Bellabay Realty Tri Counties

Broker

natasharichards@comcast.net

Affordability Calculator

$542

Per Month

Monthly Principal & Interest: $178
Monthly Property Taxes: $364
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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 ^$229,390

Percent of Sale Price 705%

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
1/31/2025	$28,500	-18.57%	Price Down
10/7/2024	$35,000		Listed Price

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5700 TOWNSEND Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $28,500 with 4,112 sqft and a lot size of 0.08. 5700 TOWNSEND Street is a studio with 6.0 baths and was built in 1912. The property's zip code is 48213 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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5700 TOWNSEND Street

Multi-Family Home for sale in Detroit, MI

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