$12,000 for Sale
18620 maine street, detroit, MI 48234
| Beds 3 | Baths 1 | 889 Sqft | 0.10 Acres |
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Property Description
Great investment opportunity in the Northeast Central District and awaiting your vision. Offered by the Detroit Landbank Authority, this home is a 3 bedroom bungalow included with the vacant land, 18610 Maine that is 5271 square feet. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal (not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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. be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development.
General Information
Sale Price: $12,000
Price/SqFt: $13
Status: Active
MLS#: rcomi20240071509
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: leland highlands (plats)
Acres: 0.1
Lot Dimensions: 40.00 x 105.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 889 sq.ft.
Acreage: 0.1 est.
Year Built: 1950
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: No Garage
Construction: Vinyl
Exterior: Vinyl
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Govt Ownership: HUD
Legal Description: E MAINE N 10 FT 206 205 LELAND HIGHLANDS SUB L37 P44 PLATS, W C R 9/159 40 X 105
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders
Listing By: Natasha C Richards of Bellabay Realty Tri Counties, Phone: (248) 274-6614
