Address
5671 Otis Street Detroit, MI
Price
$ 8,000
Property Attributes
  • ML#2200060036
  • TypePending
  • CountyWAYNE
  • CityDetroit
  • AreaDet South Of Grand River
  • NeighborhoodGREUSELS
  • Zip48210
  • StyleColonial
  • Price$ 8,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3300
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
RCH Brokerage Legacy Inc
Property Description

Great for opportunity for experienced investors. Looking for a buyer to rehab this property which includes the lot (3400 Greusel). The seller is the Detroit Land Bank Authority. 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 abatement 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 abatement on the purchase and development financing. Please see attached documents for DLBA requirements. BATVAI

Price History
7/29/2020 Listed $15,000
9/21/2020 47% - $8,000

General Features

Basement Type Unfinished
Construction Materials Brick
Cumulative Days on Market 311
Gross Scheduled Income 0.00
Heating Forced Air
Listing Agent Public Id 306589
Net Operating Income 0.00
Originating MLS Realcomp II Ltd
Ownership Status Government Owned, Short Sale - No
Parcel Number W16I001465S
Property Type Multifamily
School District Detroit
Sewer Sewer-Sanitary
Short Sale No
Status Pending
Subdivision Name GREUSELS
Terms Offered Cash
Total Sq Ft 3300
Transaction Type Sale
Year Built 1900
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 4
Heating Fuel Natural Gas
Total Baths 4.00
Total Units 4

Exterior Features

Architecture Level 2 Story
Architecture Style Colonial
Foundation Basement
Foundation Materials Poured
Frontage Feet 30
Lot Size Area 0.09
Lot Size Dimensions 30.00X125.00
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Brookstone Realtors and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of November 29, 2020 6:35 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48210

Price
AVG $60K
$10K
Visits
AVG 13
13
Year Built
AVG 1926
1900
Walkscore
AVG 56
68
Data Provided by Walkscore ® not using MLS data

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