1544 Philadelphia Street, Detroit, Michigan 48206
$18,000
Property Details
- MLS#: 20261058296
- Bedrooms: 3
- Bathrooms: 1
- Square Feet: 1,172
- Price per Sqft: $15
- Lot Size: N/A
- Year Built: 1915
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 63
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
Detroit Land Bank Authority opportunity in the sought-after Virginia Park neighborhood! This historic home is ready for a complete renovation and offers endless potential for investors, developers, or owner-occupants looking to restore a classic Detroit property. Ideally located just minutes from New Center, Midtown, the Motown Museum, Henry Ford Hospital, Wayne State University, and Downtown Detroit. The surrounding area continues to experience significant residential redevelopment, new investment, and neighborhood revitalization while maintaining its historic character. Convenient access to major freeways, public transit, parks, dining, shopping, and cultural attractions makes this an exceptional opportunity to invest in one of Detroit's growing communities. Purchaser to comply with all Detroit Land Bank Authority requirements. Sold as-is. Located in an area experiencing continued residential investment and revitalization Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: 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 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 abatement 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 1544 Philadelphia Street?
1544 Philadelphia Street is listed at $18,000, or $15 per square foot.
How many bedrooms does 1544 Philadelphia Street have?
This property has 3 bedrooms and 1 bathrooms, with 1,172 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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