Great opportunity for investors. This property is located in Detroit's Yorkshire woods. Zoned R1. This property needs a full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Listed By
Agency Name: RCH Brokerage Legacy Inc
Agency Phone: (248) 440-2268
Shown By
Agent Name: Carol Griffith
Agent Phone: (810) 227-1016 ext. 203
Agency Title: Griffith Realty
Estimated Payment
$ 37.51 per month $33.16 Principal & Interest $0.00 Property Tax (data not provided by mls) $4.35 Homeowner's Insurance
10570 Somerset Avenue | MLS# 20261032232
This single family home located at 10570 Somerset Avenue, Detroit, MI 48224 is currently listed for sale with an asking price of $14,900. This property was built in 1940 and has 3 bedrooms and 1 full baths with 1099 sq. ft. Somerset Avenue is located in the Jacob Youngs Houston Ave Sub subdivision within the Detroit school district. Search Jacob Youngs Houston Ave Sub real estate on cgriffith.griffithrealty.com today.