3465 Wager Street, Detroit, MI 48206
MULTI_FAMILY - Colonial - Detroit, MI
Property Features for 3465 Wager Street
General Information
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Utilities
Building Details
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Investment Insights
Based on property information with market context.
The property is zoned for multi-family and residential use. Sale is contingent on a buyer/seller executed development agreement. Proof of funds documentation must be provided with the proposal, and proposals must include development timelines and offer amounts.
For the Detroit Land Bank Authority, DLBA is entitled to tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements and lot combinations otherwise available to the selected purchaser. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes to approve such requests, determined based on the development proforma and the effect of any tax abatements.
Key Highlights
- Four‑unit quadplex totaling 3,326 SF on a 0.08‑acre lot
- Brick colonial architecture built in 1923
- Zoned Multi‑Family, Residential
Property Analytics
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Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 48206, MI
Market
Vacancy Rate% for Multifamily in Midwest region