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$ 18,000
Est. payment /mo
Active
1544 W Philadelphia Street Detroit, MI 48206 2462
3 Beds
1 Bath
1,172 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,172 sqft
Price per Sqft $15
Subdivision Home Sub
MLS Listing ID 61016377
Style 2 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 1,172
Year Built 1915
Annual Tax Amount $1,143
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X98.03
Property Sub-Type Single Family
Property Description
Detroit Land Bank Authority opportunity in the sought-after Virginia Park neighborhood! This historic home is ready for a complete renovation and offers endless potential for investors, developers, or owner-occupants looking to restore a classic Detroit property. Ideally located just minutes from New Center, Midtown, the Motown Museum, Henry Ford Hospital, Wayne State University, and Downtown Detroit. The surrounding area continues to experience significant residential redevelopment, new investment, and neighborhood revitalization while maintaining its historic character. Convenient access to major freeways, public transit, parks, dining, shopping, and cultural attractions makes this an exceptional opportunity to invest in one of Detroit's growing communities. Purchaser to comply with all Detroit Land Bank Authority requirements. Sold as-is. Located in an area experiencing continued residential investment and revitalization Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: DLBA 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 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 abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Hot Water
Exterior
Garage No
Building
Story 2 Story
Foundation Basement
Water Public Water
Architectural Style Colonial
Structure Type Aluminum
Schools
School District Detroit City School District
Others
Energy Description Natural Gas
Financing Cash
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Listed by Keller Williams Realty-Great Lakes
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