14445 7 Mile Road, Detroit, Michigan 48205

$10,000

Great Deal - This property is priced $66,497 below comparable homes in the area.

Property Details

MLS#: 20251036424
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,779
Price per Sqft: $6
Lot Size: 0.1 acres
Year Built: 1912
Property Type: Residential
Status: Active
Days on Market: 153

Market Analysis

Estimated Value (CMA): $76,497
Area Avg Price/Sqft: $43
This Property: $6/sqft ($37 below area average)
Price Position: -86.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas. 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 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.

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 14445 7 Mile Road?

14445 7 Mile Road is listed at $10,000, or $6 per square foot.

How many bedrooms does 14445 7 Mile Road have?

This property has 3 bedrooms and 1 bathrooms, with 1,779 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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