Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
For sale
$10,000
8773 Petoskey Ave, Detroit, MI 48204
8beds
3,584sqft
Est.:
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$3/sqft
$-- HOA
What's special
- 970 days
- on Zillow |
- 2,481 |
- 97 |
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 06:37am
Listed by:
Leonard A Pickett III 248-440-2268,
RCH Brokerage Legacy Inc 248-440-2268,
Clarence R Wilson 248-440-2268,
RCH Brokerage Legacy Inc
Source: Realcomp II,MLS#: 20221067394

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 3,584 sqft
- Finished area above ground: 3,584
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 40.00 x 100.00
Details
- Parcel number: W14I007114S
- Zoning description: Residential
- Special conditions: Government Owned,Short Sale No
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: LAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS)
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $3/sqft
- Tax assessed value: $25,010
- Annual tax amount: $1,251
- Date on market: 12/15/2022
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
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