$28,500
$7K PRICE DROP

5700 Townsend St Detroit, MI 48213

Gratiot Town-Kettering Neighborhood

Estimated payment $179/month

Total Views 27,316
10 Beds
6 Baths
4,112 Sq Ft
$7 Price per Sq Ft

Highlights

  • Lobby
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

6-unit apartment building w/lots of potential. 4 units have 2 bedrooms, 2 units have 1 bedroom. Property needs work, but there is plenty of room to grow in this up and coming neighborhood. 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/or 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. Please refer to DLBA proposal guidelines.

Listing Agent

Natasha Richards

Bellabay Realty Tri Counties License #6502385914 Listed on: 10/07/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00 x 118.00

Home Design

  • Block Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 4,112 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W17I012119S

Community Details

Overview

  • 6 Units
  • Wm Taits Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1912
  • State Equalized Value: 50600.0000
  • Pets Allowed: No
  • AgentOnly_ListPriceByAcre: 356250.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 4112

Exterior Features

  • Foundation Details: Basement
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00 x 118.00
  • Parcel Number: W17I012119S
  • Zoning: Multi-Family, Residential

Tax Info

  • Tax Amount Summer: 3895.0000
  • Tax Amount Winter: 477.0000
  • Total Tax: 4372.0000
  • Taxable Value: 50600.0000

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Value Increase
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Price Changed $28,500 -18.6% $7 / Sq Ft
10/07/2024 10/07/24 For Sale $35,000 -- $9 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20240071565

Realcomp
Michigan Wayne County Detroit 48213 Gratiot Town-Kettering

5700 Townsend St, Detroit, MI

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Natasha Richards
Listing Agent
Natasha Richards
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Bellabay Realty Tri Counties
(313) 204-0310