Brick Condo Opportunity in the Islandview Neighborhood – Detroit Land Bank Owned
Fantastic opportunity to restore this Brick Condo in the Islandview neighborhood of Detroit.
How to Apply:
Interested buyers must submit a proposal that includes:
1. Project Proposal (intended use of structure + timeline)
2. Proof of Funds (bank statement or lender letter)
3. Scope of Work (breakdown of renovation costs)
4. Proof of Previous Projects: (include addresses and photos)
Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
For sale
$80,000
7246 Saint Paul St, Detroit, MI 48214
2beds
1,302sqft
Est.:
Townhouse
Built in 1910
-- sqft lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
- 8 days |
- 165 |
- 4 |
- Loading
- Loading