3200 CLAIRMOUNT ST DETROIT, MI 48206

Features

• Price/sqft: $1
• Lot Size: 4356 sq. ft.
• Total Rooms: 6
• Room List: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 2
• Heating: Forced Air Heating
• Exterior Walls: Brick

Facts

• Year Built: 01/01/1928
• Property ID: 927315663
• MLS Number: 20240024323
• Parcel Number: 12002641.
• Property Type: Vacant Land
• County: WAYNE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Property needs a full rehab top to bottom, but dont let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. 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.