4824 CORTLAND Street Detroit, MI ^$ 15,000

4824 CORTLAND Street

^$ 15,000

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4824 CORTLAND Street

Detroit, MI, 48204

^$ 15,000

Studio Baths2.0 Sq 2,406

Monthly Estimate*

^$ 94

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Studio

Multi-Family Home for sale in Detroit, MI

for $15,000 with 2 full baths. This 2,406 square foot home was built in 1926 on a lot size of 0.09.

Welcome to this exciting new offering presented by the Detroit Land Bank! This multifamily home features two spacious units, providing an excellent investment opportunity. Ideal for investors ready to restore and revitalize, this property holds great potential for generating future income. Don't miss the chance to bring this home back to life and make it a valuable asset. This property is being sold as is. 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.

Multi-Family Active

Price

^$ 15,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Colonial

Lot Size

0.09

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60352133

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1926

Subdivision RUSSELL WOODS (PLATS) MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Government Owned

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions East of Livernois North of Grand River Road

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description N CORTLAND 515 RUSSELL WOODS SUB L34 P3 PLATS W C R 14/195 35 X 110

DOM 394

Postal Code 48204

Price Per Sq Ft Total AG 6.23

Public Remarks Welcome to this exciting new offering presented by the Detroit Land Bank! This multifamily home features two spacious units

Exterior

Exterior Brick

Frontage 35

Lot Size Area 0.09

Lot Dimensions 35.00 x 110.00

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Erick Monzo

Listing Agent

Keller Williams Realty-Great Lakes

Broker

erick@monzogroup.com

Affordability Calculator

$94

Per Month

Monthly Principal & Interest: $94
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$237,392

Percent of Sale Price 1,483%

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
11/4/2024	$15,000		Listed Price

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4824 CORTLAND Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $15,000 with 2,406 sqft and a lot size of 0.09. 4824 CORTLAND Street is a studio with 2.0 baths and was built in 1926. 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 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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4824 CORTLAND Street

Multi-Family Home for sale in Detroit, MI

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