5310 Grayton StreetDetroit, MI 48224

About

This Home

Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's East English Village neighborhood. Zoned R1. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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 abatement 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. BATVAI. See attached documents for DLBA requirements and offer submission information.

Details

Property Type

Residential Income

Style

Multi Family

Year Built

1930

Lot Size

0.14 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Unfinished

Annual Taxes

$185

MLS #

20261045431

Gallery