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7538 Firwood St Detroit, MI 48204

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For Sale
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Four-unit brick multifamily property requiring major rehabilitation.

Lot size:
0.08 Acres

Property Features for 7538 Firwood St

General Information

Lot size
0.08 Acres

Building Details

Year built
1924

Source: Real Estate One-Southfield 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.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1174048
Latitude
42.3566455

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.
More about this property
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