Four-Unit Multifamily Income
7069 ELMHURST Street Detroit, MI 48204
7069 ELMHURST Street, Detroit, MI, 48204
$30,000
For Sale
$30,000
Four residential units each offer two bedrooms in a single multi-family structure, totaling 3,416 square feet.
Property Size3,416 SF
Price / SF$8.78
Days on Market586
Property Features for 7069 ELMHURST Street
General Information
- Standard status
- Active
- Size
- 3,416 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1926
Listing agency
Bellabay Realty Tri Counties
(248) 274-6614
Listed by
Natasha C Richards · License #6502385914
(248) 274-6614
Source
Exitrealty
Added: Dec 13, 2024 Updated: Jul 21 at 6:16PM Checked: Jul 22 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes four residential units, and each unit features two bedrooms. The total building size is 3,416 square feet, providing a straightforward configuration for an income-producing rental asset.
The property is being offered for sale, and the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five tax years following the transfer of ownership. The tax capture may not align with tax abatements and lot combinations that may otherwise be available to a selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment would be determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
The property is being offered for sale, and the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five tax years following the transfer of ownership. The tax capture may not align with tax abatements and lot combinations that may otherwise be available to a selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment would be determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- 4‑unit multi‑family property built in 1926
- Each unit offers 2 bedrooms
- Total building size is 3,416 sq ft across the four residential units
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units each offer two bedrooms in a single multi-family structure, totaling 3,416 square feet.
Where is this quadplex located?
The property is located at 7069 ELMHURST Street Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: 4‑unit multi‑family property built in 1926; Each unit offers 2 bedrooms; Total building size is 3,416 sq ft across the four residential units
