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: N/A
- Year Built: 1930
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 84
Tax and Assessment Information
Tax and assessment information is unavailable.
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.
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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