7538 Firwood St Detroit, MI 48204
Four-unit brick multifamily property requiring major rehabilitation.
Lot size:
0.08 AcresProperty Features for 7538 Firwood St
General Information
- Lot size
- 0.08 Acres
Building Details
- Year built
- 1924
Source:
Elliman
Listing Agent: Gene Kelley Ii
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Detroit Multifamily Rehab Opportunity
This four-unit brick multifamily property, offered by the Detroit Land Bank Authority, requires significant rehabilitation. Prospective buyers should bring design ideas and be prepared for a substantial renovation project. The Detroit Land Bank Authority retains the right to a tax capture for the five tax years following the property's ownership transfer. This tax capture might not be compatible with tax abatements or lot combinations typically available to the purchaser. The DLBA will assess requests to waive its tax capture rights and may require a payment instead of taxes to approve these requests. The payment amount will be determined after reviewing the development proforma and the impact of any tax abatements on the purchase and development financing. Refer to the DLBA proposal guidelines for further details.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1174048
- Latitude
- 42.3566455
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit brick multifamily property requiring major rehabilitation.
Where is this quadplex located?
The property is located at 7538 Firwood St Detroit, MI.
What is the asking price?
The asking price for this property is $21,500.
What are key features of this property?
This property features: - Four-unit multifamily property, presenting an opportunity for major rehabilitation.; - Solid brick construction.; - Located in Detroit.