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$ 31,000
Est. payment /mo
Active
10157 Morley Street Detroit, MI 48204
2 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261012133
Year Built 1928
Annual Tax Amount $605
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X100
Source Realcomp
Property Description
Great investment opportunity you don't want to miss. This 2 bedroom income property on each floor AND includes the two lots as well 10169 & 10163 Morley. Bring your vision and proposal and don't miss this opportunity! House needs a complete rehab. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Location
State MI
County Wayne
Zoning Residential
Direction N. of Chicago, W. of Wyoming
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Other
Schools
School District Detroit
Others
Tax ID W18I005775S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Bellabay Realty Tri Counties