5700 TOWNSEND Street Detroit, MI 48213
- Added:
- Oct 7, 2024
- Days on Market:
- 579
- Last Refresh:
- May 8 at 2:06 pm
Property Features for 5700 TOWNSEND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family,Residential
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 4, Bathroom 6, Bedroom 1, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 10, Bathroom 1, Bedroom 9, Bedroom 6, Bathroom 3, Bathroom 2, Basement, Bathroom 5, Bedroom 5, Bedroom 2
- Standard status
- Active
- APN
- W17I012119S
- Size
- 4,112 SF
Taxes and HOA fees
- Tax Description
- Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2024. E TOWNSEND 562 WM TAITS SUB L16 P87 PLATS, W C R 17/104 30 X 118
- Tax Annual Amount
- 4372
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Number of units
- 6
- Architectural style
- Other
Listing agent Natasha C Richards License #6502385914 (248) 274-6614
Listing office Bellabay Realty Tri Counties 37361 Eight Mile Road, Livonia, MI (248) 274-6614
Listing date Oct 7, 2024
MLS# 20240071565
Listing URL
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HighLights
- 6‑unit apartment building offers income potential.
- Mix of unit sizes: 4 units with 2 bedrooms, 2 units with 1 bedroom.
- Located in an up and coming neighborhood.
- Forced air heating.
- Year built: 1912.
- Public water source.
Overview
Detroit Multifamily Building with Potential
This six-unit apartment building, located in Detroit, Michigan, offers significant potential. The property comprises four units with two bedrooms each and two units with one bedroom each. While the building requires renovation, it presents an opportunity for growth within a developing neighborhood. The property size is 4,112 square feet. Please note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with tax abatements or lot combinations. 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 will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.019046
- Latitude
- 42.380205
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit apartment building in Detroit's up-and-coming neighborhood.
Where is this apartment building located?
The property is located at 5700 TOWNSEND 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: 6‑unit apartment building offers income potential.; Mix of unit sizes: **4 units with 2 bedrooms, 2 units with 1 bedroom.**; Located in an up and coming neighborhood.
