$7,000
Estimated Payment$33/mo

8825 3rd St, Detroit, MI 48202

3Baths
1,322Sq. Ft.
Multi-Family Home In Piety Hill

Midtown investment opportunity waiting on you! 3 Properties for the Price of 1. Addresses include 8821 & 8829 3rd. Property needs a full rehab top to bottom, but don't let that scare you away as the right investor will certainly turn a profit! Close to major freeways, downtown, universities & hospitals. Sale contingent on buyer/seller executed development agreement. Estimated cost of renovation is $277,000. 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 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. ( Additional Mls Data: Summer Tax: $0, Winter Tax: $0 )

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8825 3rd St
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Listing Agent
Natasha Richards
Bellabay Realty Tri Counties
Detroit, MI
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$7,000

3 Baths1,322 Sq. Ft.

8825 3rd St

Detroit, MI 48202

Natasha Richards
Bellabay Realty Tri Counties