5120 McDougall Street, Detroit, Michigan 48211

$12,500

Great Deal - This property is priced $91,088 below comparable homes in the area.

Property Details

MLS#: 20251003386
Bedrooms: 4
Bathrooms: 2
Square Feet: 2,204
Price per Sqft: $6
Lot Size: 0.08 acres
Year Built: 1918
Property Type: Residential
Status: Active
Days on Market: 271

Market Analysis

Estimated Value (CMA): $103,588
Area Avg Price/Sqft: $47
This Property: $6/sqft ($41 below area average)
Price Position: -87.0% vs comparable homes
Comparable Properties Analyzed: 2

Description

Great opportunity for experienced investors. Property needs 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.

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 5120 McDougall Street?

5120 McDougall Street is listed at $12,500, or $6 per square foot.

How many bedrooms does 5120 McDougall Street have?

This property has 4 bedrooms and 2 bathrooms, with 2,204 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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