5700 TOWNSEND Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213 2440
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $8
Subdivision Mi
MLS Listing ID 60345182
Style 2 Story
Full Baths 6
Year Built 1912
Annual Tax Amount $4,372
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 118.00
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Other
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Other
Schools
School District Detroit City School District
Others
Ownership Government Owned
Energy Description Natural Gas
Financing Cash