2279 Pasadena St Detroit, MI 48238
- Commercial real estate
- 1,728 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2279 Pasadena St
- Year built
- 1924
- Property size
- 1,728 SF
- Property type
- Commercial real estate
Description
This 1,728 square foot apartment building, constructed in 1924, presents a compelling investment opportunity in Detroit, Michigan. Located at 2279 Pasadena St, in Wayne County, zip code 48238, this multifamily property sits on a 3,850 square foot lot and is zoned for multi-family use. The asking price is $8,000, translating to $4.63 per square foot. It's important to note that this property is part of a four-property bundle sale, including 2324 Pasadena, 2265 Pasadena, and 2325 Pasadena, with a total asking price of $32,000. Individual sales are not permitted. Prospective buyers should be aware that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale. This tax capture may conflict with other available tax abatements. The DLBA may waive these rights, potentially requiring a payment in lieu of taxes, contingent on a review of the development plan and its impact on financing. The sale is "as is, where is" (BATVAI). Detailed DLBA requirements and offer submission instructions are available in accompanying documentation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1187943
- Latitude
- 42.3968748
