12451 Racine Street, Detroit, Michigan 48205
$10,000
Property Details
- MLS#: 20261084022
- Bedrooms: 3
- Bathrooms: 1.5
- Square Feet: 1,750
- Price per Sqft: $6
- Lot Size: N/A
- Year Built: 1925
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 15
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
Calling all investors. This property is zoned R1 and is located in Detroit's LaSalle College Park neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 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 proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Location
This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 12451 Racine Street?
12451 Racine Street is listed at $10,000, or $6 per square foot.
How many bedrooms does 12451 Racine Street have?
This property has 3 bedrooms and 1.5 bathrooms, with 1,750 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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