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8825 3RD Street

Detroit, MI 48202
  • $7,000
  • STATUS: Active
  • ON SITE: 81 Days
  • ID#: 2210075109
UPDATED: 20 min ago
$7,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,322
    SQFT
  • $5
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:
Zoning:
Residential
Lot Size Dimensions:
60.00X21.00

School Ratings & Info

School District:

Description

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.

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-30T19:56:37.45.
www.alanbrowngroup.com/homes/121258345
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8825 3RD Street Detroit, MI 48202

  • Price: $7,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 20 min ago
  • ID#: 2210075109
0
Beds
3
Baths
0
½ Baths
0.03
Acres
1,322
SQFT
$5
$/SQFT
1911
Built
Neighborhood:
Fishers Sub On Ol 5 & 6
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
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.
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Construction Materials Brick Foundation Details Basement Foundation Materials Other Lot Size Dimensions 60.00X21.00 Pool YN No Road Frontage Feet 60 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 3.00 Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Room Count 0 Sq Ft Combined 1322 Sq Ft Total Basement 661 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 3

Property Features

Assessment 0 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN No Gross Scheduled Income 0.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN No Listing Financing Cash Monthly Rental Income 0 Net Operating Income 0.00 Number Of Units Leased 0 Ownership Status Government OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 90 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Government - Owned Total Tax 0.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 8825 3RD ST Water Source Municipal Water Zone Conform YN Yes Zoning Residential

IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri Counties and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-30T19:56:37.45.
 
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Alan Brown Group
70 West Long Lake Rd
Troy MI, 48098