5557 Moran St, Detroit, MI 48211
- $6,600
- 2
- BA
- 1,980
- SqFt
- Sold Price
- $6,600
- List Price
- $6,500
- Closing Date
- Jun 07, 2024
- MLS#
- 20240024484
- Status
- CLOSED
- Bathrooms
- 2
- Subdivision
- CHARLES F LOHRMANS SUB (PLATS)
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.
Additional Information
- Year Built
- 1909
- Basement Type
- Unfinished
- Acres
- 0.08
- Style
- Colonial
- Acres
- 0.08
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Spaces
- 2
- Garage Description
- 2 Car
Mortgage Calculator
Courtesy of Bellabay Realty Tri Counties 2482746614
Selling Office: Century 21 Town & Country Utica.
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