5700 TOWNSEND Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213
Key Details
Property Type Multi-Family
Sub Type Common Entry Building,Upper/Lower Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $8
Subdivision Wm Taits (Plats)
MLS Listing ID 20240071565
Style Common Entry Building,Upper/Lower Apartment
Bedrooms 6
Full Baths 6
Year Built 1912
Annual Tax Amount $4,372
Lot Size 3,484 Sqft
Property Description
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.
Location
State MI
County Wayne
Area Det: 6-Mack I75-Conner
Zoning Multi-Family,Residential
Interior
Heating Forced Air
Exterior
Pool No
Waterfront no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Other
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash