5700 TOWNSEND Street, Detroit, MI 48213
5700 TOWNSEND Street, Detroit, MI 48213
5700 TOWNSEND Street, Detroit, MI 48213
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$28,500
Est. payment /mo
6 Baths
3,484 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20240071565

Year Built 1912

Annual Tax Amount $4,372

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 118.00

Source Realcomp

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 Wayne County - 100

Zoning Multi-Family,Residential

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

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Other

Schools

School District Detroit

Others

Tax ID W17I012119S

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition {"Other":true}

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Listed by Bellabay Realty Tri Counties

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

Name

Name

Phone*

Phone

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