118 W ARIZONA Street Detroit, MI 48203
- Added:
- Dec 6, 2023
- Days on Market:
- 884
- Last Refresh:
- May 8 at 5:06 pm
Property Features for 118 W ARIZONA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2
- Parking
- 3
- Pets allowed
- Yes
- Standard status
- Pending
- APN
- W01I004576S
- Size
- 2,868 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- N W ARIZONA 76 BALDWIN PARK L29 P70 PLATS, W C R 1/165 50 X 122
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Leonard A Pickett III License #6501306589 (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date Dec 6, 2023
MLS# 20230099946
Listing URL
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HighLights
- Colonial architectural style and brick construction - appealing historical aesthetics and durable materials.
- Includes adjacent vacant lot (9,191 sqft) – offering expansion or development potential.
- Zoned R2 – suitable for various residential development options.
- Multiple rooms including 6 bedrooms and 2 bathrooms - suitable for a large family or potential for conversion.
- Hot water heating system already in place.
- Located near coordinates -83.10404, 42.418682.
Overview
Detroit Multifamily Rehab Opportunity
This multifamily property, bundled with a vacant lot at 128 Arizona totaling 9,191 square feet, is available for purchase in Detroit, MI. The properties, zoned R2, are not sold separately and require a full rehabilitation. The building has 2,868 square feet of space. Prospective buyers are required to submit a purchase proposal that includes detailed rehabilitation plans and a financing plan with proof of funds or pre-approval letter for a new construction loan. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture may not be compatible with other tax abatements available to the purchaser. The 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 amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. All proposals must be submitted by 8/19/2024 at 5 PM.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.104044
- Latitude
- 42.418684
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property and vacant lot for sale in Detroit.
Where is this duplex located?
The property is located at 118 W ARIZONA Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Colonial architectural style and brick construction - appealing historical aesthetics and durable materials.; Includes adjacent vacant lot (9,191 sqft) – offering expansion or development potential.; Zoned R2 – suitable for various residential development options.
