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5557 Moran Street

Detroit, MI 48211
  • $6,500
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 24000620
$6,500
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1909
County:

School Ratings & Info

School District:

Description

Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 5 adjacent lots 5543, 5551, 5561, 5571, 5537 Moran. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations 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 proforma and effect of any tax abatements on the purchase and development financing. Contact listing broker with any questions.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
www.bhhssnyder.com/homes/146333140
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5557 Moran Street Detroit, MI 48211

  • Price: $6,500
  • Status: Active
  • On Site: 109 Days
  • MLS #: 24000620
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1909
Built
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 5 adjacent lots 5543, 5551, 5561, 5571, 5537 Moran. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations 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 proforma and effect of any tax abatements on the purchase and development financing. Contact listing broker with any questions.
Exterior Features

Construction Materials Other Parking Total 2 Road Surface Type Paved Waterfront YN No

Interior Features

Basement Full Basement YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Amenities Pets Allowed Association YN Yes Auction Or For Sale For Sale Cross Street E. Grand Blvd. & Moran Documents Available [] Gross Income 0 Listing Terms Cash Net Operating Income 0 New Construction YN No Owner Pays Trash CollectionElectricityWaterSewerGas Property Sub Type 2 to 4 Units Sewer Public Sewer Tax Annual Amount 0 Tax Year 0 Tenant Pays ElectricWaterTrash CollectionSewerGas Utilities Public Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric AvailableNatural Gas ConnectedElectric Connected Zoning Residential

Listing provided courtesy of Natasha Richards of BellaBay Realty Tri-Counties: 248-274-6614. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
 
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Berkshire Hathaway HomeServices Snyder & Company, Realtors®
2655 Plymouth Road
Ann Arbor MI, 48105
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