Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit… Read More home. Spacious layout with original character still intact. 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 abatements 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work. Read Less
Courtesy of RE/MAX Leading Edge.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Single Family
Beds
4
Full Baths
2
Square Ft.
1,495
Lot Size
0.13 Acres
Year Built
1915
MLS Number
60995594
30 Days Snapshot Of 48206
$1k
-24%
(avg) sold price
2
-33%
homes sold
7
-78%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
1,495 square feet, 7 total rooms, Built in 1915, Style: 2 Story, Cape Cod
Dining Room
Length: 11 feet, Width: 10 feet
Exterior Features
Aluminum
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Interior Features
Cable/Internet Avail.
Lot
0.13 acres, Size: 52.5X107
Taxes
Amount: $2,181
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