5310 Grayton Street, Detroit, Michigan 48224

$39,900

Property Details

MLS#: 20261045431
Bedrooms: N/A
Bathrooms: 2.5
Square Feet: 1,564
Price per Sqft: $26
Lot Size: 0.14 acres
Year Built: 1930
Property Type: ResidentialIncome
Status: Active
Days on Market: 6

Description

Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's East English Village neighborhood. Zoned R1. 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 5310 Grayton Street?

5310 Grayton Street is listed at $39,900, or $26 per square foot.

How many bedrooms does 5310 Grayton Street have?

This property has N/A bedrooms and 2.5 bathrooms, with 1,564 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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