8773 PETOSKEY Avenue Detroit, MI 48204

Building Details

Year Built

1918

Listing office RCH Brokerage Legacy Inc l***@rchlegacy.com Show Phone

Listing date Dec 15, 2022

Source Exitrealty

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 RCH Brokerage Legacy Inc

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Investment Insights

Based on property information with market context.

This multifamily property presents an opportunity for experienced investors, requiring a full rehabilitation. Interested buyers must submit a proposal to purchase, including detailed plans for the rehabilitation and a financing plan supported by Proof Of Funds, a Pre-Approval letter, or a new construction loan. The property size is 3584 square feet. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. 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 financing. Please refer to the attached documents for DLBA requirements. Proposals should be submitted through the provided Google Doc application link.

Key Highlights

• Opportunity for experienced investors looking for a project.
• Property needs full rehab - bring your vision!
• Buyer must submit a detailed rehab plan and financing proposal.

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FAQs

What type of property is this?

Multifamily property - Multifamily property for sale requiring full rehabilitation.

Where is this multifamily property located?

The property is located at 8773 PETOSKEY Avenue 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: Opportunity for experienced investors looking for a project.; Property needs full rehab - bring your vision!; Buyer must submit a detailed rehab plan and financing proposal.