$35,000
1057 e grand boulevard, detroit, MI 48207
Property Description
Great Opportunity for investors. This brick duplex is zoned R5 located in Detroit's Gratiot-Grand neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
General Information
Price: $35,000
Price/SqFt: $10
Status: Active
MLS#: 20251056840
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: assessors of lts 1 to 65 incl pt 66 etc
Acres: 0.13
Lot Dimensions: 45X123.5
Bedrooms:0
Bathrooms:2 (2 full, 1 half)
Size: 3,549 sq.ft.
Acreage: 0.13 est.
Year Built: 1914
Property Type: Multifamily
Style: 2 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Forced Air
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $263
Est. Winter Taxes: $0
Est. Winter Taxes: $0
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Leonard A Pickett III of RCH Brokerage Legacy Inc, Phone: (248) 440-2268
